SunSirs: Strong Raw Materials, China PC Market Continues to Recover in Early July

According to the bulk list data of SunSirs, the domestic PC market continued to recover in early July, with spot prices of various brands rising. As of July 7th, the reference quotation for the PC sample enterprises of SunSirs was around 15,466.67 RMB/ton, with a +3.69% increase or decrease compared to the beginning of the month.

In terms of raw materials: From the above figure, it can be seen that the market for bisphenol A has been rising recently. After the raw material phenol/acetone rose, the cost was still supported by horizontal consolidation. After preliminary bidding for bisphenol A, the current spot quantity is limited, and the holder has a good intention of bidding. It is recommended to pay attention to the recent transaction situation, and it is expected that bisphenol A will continue to operate steadily.

In terms of supply: Recently, the overall operating rate of domestic PC enterprises has been around 60%, and the industry load has gradually lifted from a three-year high. However, on-site supply is still abundant, and companies are cautious in pricing ex factory prices, with limited support for spot prices.

In terms of demand: Recently, downstream PC buyers have just needed to maintain production, and the business owners have a heavy wait-and-see mentality. Auction prices have risen, and transaction prices have generally increased. The current operating position of terminal enterprises is maintained, and the actual stock situation is limited. The main force of on-site trading is biased towards midstream traders.

The PC market continued to recover this week. The upstream bisphenol A market has risen, providing better support for PC costs. The domestic polymerization plant has a horizontal load and maintains sufficient supply. Midstream traders have followed up with an increase, while downstream enterprises' consumption has not improved significantly. PC will resume production lines in the near future, and it is expected that the market may rise and be hindered.

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