According to the bulk ranking data from SunSirs, the domestic PC market was weak at the end of December, with most brands having low spot prices. As of December 31st, the mixed benchmark price of SunSirs PC was around 13,233.33 RMB/ton, with a year-on-year increase or decrease of -5.15% in price level.

Supply side: At the end of December, the overall load of domestic PC aggregation enterprises remained stable and slightly increased. The rotation and maintenance plan for multiple production lines of Zhejiang Petrochemical was implemented in the early stage. Currently, the second phase has entered shutdown ahead of schedule, but the first phase of the equipment has resumed operation. At the same time, the Sichuan Tianhua production line has returned, and the overall average industry operating rate has recovered to nearly 78%, with a weekly average output of over 65,000 tons. Although the aggregation plants are working together to raise prices, due to the large supply base of basic grade materials, the pressure of production and sales on site has re accumulated. Overall, the PC supply side has average support for PC.

In terms of raw materials: From the above chart, it can be seen that the domestic bisphenol A market in December changed its previous sluggish trend and opened up an upward channel to stop the decline. Under the multiple favorable factors of supply contraction, marginal improvement in demand, and strengthened cost support, market prices have steadily risen from the low point at the beginning of the month, and traders have a strong sentiment of price support, resulting in a significant rebound in market trading atmosphere. Improved support for PC costs.

On the demand side: Affected by the weakened profitability of terminal enterprises, the load position of PC downstream factories is still not ideal, and stocking up is maintained to buy at low prices. The total number of pre holiday orders has decreased, and buyers are following up with caution, with fewer warehouse building operations and more buying as needed. The response of finished product e-commerce and overseas markets is average, and PC terminal enterprises have conservative production schedules. Overall, the demand side has poor support for PC spot prices.

At the end of December, the domestic PC market was consolidating at a low level. The upstream bisphenol A market has turned positive throughout the month, but the cost value has limited support for PC. The load of domestic PC aggregation plants is stable with small fluctuations, and there is limited information on future maintenance. The trading atmosphere on the exchange is light, and it is expected that there will be downward pressure on the PC market in the short term.

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