SunSirs: Weak Raw Materials Market, China PC Market was Weak and Stalemate

According to the bulk list data of SunSirs, the domestic PC market weakened last week, with overall spot prices of various brands falling. As of August 11th, the mixed benchmark price of Shangshang Society PC was around 15,766.67 RMB/ton, an increase or decrease of +0.96% compared to early July.

In terms of raw materials, the domestic bisphenol A market fell last week. Recently, the overall weakness of the dual raw material phenol/acetone has declined, and the enthusiasm for new downstream orders entering the market is not high. The current pressure on shippers to ship has increased. Although the parking and maintenance of Nantong Xingchen have reduced the supply of bisphenol A in the market, the market impact is expected to be limited due to weak demand. In the short term, it is expected that bisphenol A will operate in a narrow range of fluctuations.

In terms of supply: Last week, the overall operating rate of domestic PC saw a narrow increase, and the overall industry load was above 77%. The on-site supply of goods is relatively abundant, and enterprises are cautious in pricing ex factory prices, which has weakened their influence on 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. The current operating position of terminal enterprises is maintained, and the actual stock situation is in the off-season market, with the main trading force leaning towards midstream traders.

Last week, the PC market stagnated and fell. The upstream bisphenol A market has weakened, weakening support for PC costs. The load of domestic polymerization plants is still at a three-year high, and the market has abundant spot supply. Traders have a poor mentality and tend to lower prices while placing orders. Downstream enterprises have insufficient consumer follow-up, and it is expected that the PC market may enter a stalemate and consolidation market in the short term.

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