SunSirs: The PC Market continues to be Weak due to the Low Cost in China

According to the data of SunSirs, the domestic PC market was in shock and deadlock in the first ten days of December, and the spot prices of various brands rose and fell with each other. As of December 12, the reference offer of PC sample enterprises of business cooperatives was about 17,783.33 RMB/ton, up or down by -0.74% compared with the beginning of the month.

In terms of raw materials: it can be seen from the figure above that the recent bisphenol A market has fallen continuously, with the price falling below 10,000 RMB/ton to a two-year low. With the pressure of rising raw material costs, the bisphenol A factory has gradually entered a loss state, but the downstream demand side has continued to decline, and the negotiation atmosphere is empty. It is expected that the decline will slow down due to cost support in the short term, and we still need to pay attention to the factory offer and demand fluctuation.

Supply: Last week, the PC capacity utilization rate was sideways, and the total load of domestic PC enterprises was about 50%. There are many inspections at the end of the year in the industry, but the resumption of work next week is expected to increase, and the supply side pressure is expected to rise. The flow of goods in the market is tepid, and enterprises and merchants are cautious.

Demand: PC terminal enterprises started at an average position last week, and they just need to maintain production after receiving goods. The wait-and-see attitude of the operators is heavy, and the actual orders are mainly scattered.

Last week, the PC market fluctuated, the upstream bisphenol A was weak and difficult to change, and the support for PC cost collapsed. The load of domestic polymerization plants is horizontal, and the pressure at the supply end remains. On the whole, the market supply and demand game is expected to turn to weak consolidation and operation due to the supply side increment in the near future.

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