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SunSirs: Cost is Rising and Demand is Weak, the Price Rise of PC is Blocked in China
August 15 2022 09:51:06SunSirs(Selena)

Price trend

According to the data of SunSirs, the PC market was volatile last week, and the spot prices of various brands rose and fell. As of August 12, the reference offer of PC sample enterprises of business community was about 16,900 RMB/ ton, up or down +1.91% compared with the average price at the beginning of the month.

Market analysis

Industrial chain: on the upstream side, last week, the ex factory price of bisphenol A enterprises was high, and traders followed the factory to gradually push up. On the other hand, Huizhou Zhongxin plant was restarted, and Cangzhou Dahua new plant was put into production. It is expected that the supply may be increased. In addition, the cost support is limited. It is expected that the short-term increase of bisphenol A may be narrowed. It is suggested to pay attention to whether there is a breakthrough in the short-term market offer.

Last week, the upstream bisphenol a market was rising, and the PC cost side support was strong. In terms of industrial load, the operating rate of domestic PC enterprises changed limited last week, and some enterprises will rise or fall next week. The inventory position of the industry remains high, and the pressure on the supply side continues. The international crude oil at the far end and upstream continues to fluctuate under the influence of macro inflation factors, resulting in the weak mid and long-term support of PC. Downstream demand is still lagging behind. Terminal enterprises are limited in operating rate due to various factors, and have poor confidence in stock preparation. On site operations tend to bargain hunting and digest low-end offers. The merchants are willing to reduce prices and take orders. In fact, small orders are the main ones.

Market forecast

Last week, the domestic PC market fluctuated slightly, the upstream BPA market gradually rose, and the cost side's support effect on PC was enhanced. On the supply side, there are abundant goods in the market, high inventory, and bargain hunting on the demand side. The buyer is cautious. It is expected that the spot price of PC in China will rise in the short term.

 

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