SunSirs: Industry Load Was High and PC Market Was Weaker

Price trend

According to the monitoring data of SunSirs, the domestic PC market fell in February, and the spot prices of various brands were generally reduced. As of February 28, the reference price of the sample PC enterprises of SunSirs was about 16,466.67 RMB/ton, down by 5.64% from the beginning of the month.

Analysis review

In terms of raw materials: it can be seen from the above figure that the market demand for bisphenol A was low and the market was weak this month. The raw material phenol/acetone rose, and the decline in the factory price of bisphenol A plant tightened under the support of cost. However, the demand side was hard to have good news to be stimulated.

Supply: In February, the total PC load in China was more than 70%, the operating rate was the highest in recent years, and the pressure at the supply side was too high. At the same time, there was news of new devices being put into operation recently. The flow of domestic goods was sluggish, and the pressure on the supply side was also increased.

In terms of demand: In February, the downstream of PC just maintained production as needed, and the operators had a heavy wait-and-see attitude. The resumption of work of terminal enterprises was slow, and the pre-holiday inventory needed to be digested, resulting in weak intra-field trading. The traders' mentality was weaker and the operation was biased to give up profits to sell.

Market outlook

In February, the PC market fell, the upstream bisphenol A market weakened, and the PC cost support weakened. The domestic polymerization plant load was at a high level, while the demand side was weak in follow-up, and the pressure on the supply side was increasing sharply. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradiction in the near future.

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