SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > PC News > News Detail
PC News
SunSirs: PC Market Continued to Fall Due to Multiple Bearish Fundamentals
July 12 2022 14:39:14SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the PC market continued to decline last week, and the spot prices of various brands continued to drop. As of July 11, the reference offer of PC sample companies in SunSirs was around 16,400 RMB/ton, a change of -7.34% compared with the average price at the beginning of the month.

Analysis review

Industry chain: On the upstream side, the bisphenol A market fell below a two-year low last week, and there was very little demand in the market. It was difficult to realize the benefits of the industry chain, the terminal support was difficult, and the demand was weak. The performance of industry profits was not good, coupled with the decline of international crude oil and phenolic ketones, the upstream and downstream of the far and near ends continued to decline, the external disk environment was in a downturn, and SunSirs expects that bisphenol A will be adjusted weakly in the short term.

Last week, the upstream bisphenol A market continued to decline, and it had fallen below the 12,000 RMB/ton mark, which had seriously weakened the support for the PC cost side. In terms of industry load, the operating rate of domestic PC companies has continued to rise recently, and the load of some production lines has increased after maintenance. The industry inventory was high, and the pressure on the PC supply side was exacerbated. The far-end upstream international crude oil also fell heavily due to the influence of the Federal Reserve and other reasons. The downstream demand was weak, and the operating rate of terminal enterprises was limited due to various factors, and the situation of receiving goods was poor. Although the market had entered a trading mode of price-for-volume, it was currently in the off-season, the market transactions were deserted, and there was a lack of bottom-up support. The mentality of buyers to buy up and not to buy down spread, merchants were not confident, and the offer makes a big profit-cutting.

Market outlook

The analyst of SunSirs believes that the domestic PC market continued to fall last week, the upstream bisphenol A market fell deeply, and the cost-side support effect on PC was weakened. On the supply side, the supply of goods on the market was abundant, the inventory was high, and the demand side was relatively light. It is expected that the PC spot price will continue to run weak in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products