Price trend

According to the data of SunSirs, the increase of the PC market weakened last week, and the rise of spot prices of various brands was blocked. As of September 2, the reference offer of PC sample enterprises of business club was about 17,233.33 RMB/ ton, up or down by +1.67% compared with the average price at the beginning of the week.

Market analysis

Industrial chain: in the upstream, the market of bisphenol A has kept rising gradually recently. In last month, there were many maintenance devices, the domestic supply decreased, the import supply was generally replenished, the external price rose, and the confidence of merchants was strengthened. In addition, domestic manufacturers have increased the ex factory price for many times, and the commodity holders have followed the upward trend. With the participation of downstream epoxy plants and intermediate traders also improving, it is predicted that bisphenol A may continue to run stronger.

Last week, the market of bisphenol A kept rising gradually. In addition, the international crude oil at the far end and upstream recently rose back, and the pressure on the cost side of PC continued to strengthen. In terms of industry load, the operating rate of domestic PC enterprises fell by a narrow margin this week, and is still below 70%. The on-site supply of goods in the industry remains abundant, and the pressure on the supply side continues. Downstream demand is still in a weak pattern. The operating rate of terminal enterprises is further restricted by factors such as previous power restrictions and high temperatures. Combined with the decline in acceptance after the rise of PC, the stock preparation operation is biased towards just maintaining production and buying at a bargain. Although the profits of manufacturers are poor, due to the gradually obvious cost pressure and the high ex factory price, the merchants follow the market, and the actual transactions are mostly scattered small orders.

Market forecast

The growth of the domestic PC market narrowed, the upstream BPA market continued to rise, and the cost side continued to put pressure on PC. On the supply side, there are abundant on-site goods, while the demand side is weak. Buyers have a poor acceptance of the rising price and a heavy wait-and-see mentality. At present, the pressure of raw materials in the market and the contradiction between supply and demand are competing with each other. It is expected that the rise of PC spot price may be blocked in China in the short term.

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