According to the bulk ranking data from SunSirs, the domestic PC market fluctuated in January, with most spot prices of various brands fluctuating. As of January 31st, the mixed benchmark price of SunSirs PC is around 12,966.67 RMB/ton, with a price level increase or decrease of -1.77% compared to the beginning of the month.

On the supply side: Since January, the overall load of domestic PC aggregation enterprises has remained stable and slightly increased. The second line of Zhejiang Petrochemical was restarted on January 23, and the overall average operating rate of the industry decreased by 3% to 81.5%, with an average weekly output of over 65,000 tons. Due to the digestion of social inventory in the middle of the month, the production and sales pressure of the aggregation factory is still acceptable. Overall, the supply side's support for PC is average.

In terms of raw materials, it can be seen from the above chart that the domestic bisphenol A market gradually rose in January, with the increase concentrated at the end of the month. At the beginning of the month, supply contracted and demand margins improved. Phenol and acetone followed the rise of crude oil, and the upward trend continued with strengthened cost support. Under the combination of multiple favorable factors, market prices have steadily risen, and traders have a strong sentiment of supporting prices. The trading atmosphere in the market has significantly rebounded. Establishing a bottom support for PC cost.

On the demand side: Although the improvement in profitability of terminal enterprises is limited, the load position of PC downstream factories is still not ideal. The concentrated delivery of contract orders in the first half of the month has gradually ended, and the tight supply situation in some areas has eased in the second half. But after the price increase, buyers are cautious in stocking up and have a weak willingness to build warehouses before the holiday. Under the cover of joint efforts by aggregation factories to raise prices, there has been an increase in merchants offering discounts and selling goods at the end of the month. Overall, the demand side's support for PC spot prices is first strong and then weak.

The domestic PC market fluctuated and fell in January. The overall trend of upstream bisphenol A is positive, and the cost value can still provide support for PC. The load of domestic PC aggregation plants is stable with small increases, and there is a trend of loose supply in the future. The trading atmosphere in the market has returned to cautious, and it is expected that the PC market will continue to consolidate in the short term.

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