SunSirs: Boosting by Raw Material, China PC Market Followed the Upstream Trend in April

According to the bulk list data of Business Society, the domestic PC market in April first sorted out and then rose, with the increase in spot prices of various brands concentrated in the latter half of the year. As of April 30th, the benchmark price for the mixed PC of SunSirs was around 16,533.33 RMB/ton, a decrease of +2.48% compared to April 1st.

In terms of raw materials, it can be seen from the above figure that the price of bisphenol A increased significantly in April. Since the beginning of the month, the shutdown and maintenance of domestic bisphenol A plants have increased, and the current industry operating rate is only around 60%, dropping to a new low in half a year. There are still some plants with maintenance plans in May. Meanwhile, in the second half of the month, there was a significant increase in phenol and acetone, and the cost support for bisphenol A enterprises was evident. However, from a downstream perspective, the transfer intensity is average, and it is expected that the short-term bisphenol A market will fluctuate at high levels, maintaining strong support for PC spot prices.

In terms of supply, the overall operating rate of domestic PC remained stable in April, with an industry average operating rate of over 77%. At the end of the month, two maintenance plans were delayed, and some manufacturers had the possibility of resuming work. In addition, the production of Hengli's new equipment increased on-site supply, resulting in an overall abundant supply of goods and a loosening trend in PC supply side support.

In terms of demand, PC consumption within the month will continue to follow the previous weak pattern, with the main logic leaning towards maintaining production and digesting inventory for just in need. Downstream enterprises have poor stocking enthusiasm, with no increase in pre holiday stocking and weak demand. Buyers have some resistance to high priced sources, and the demand side has poor support for spot prices.

After the consolidation of the PC market in April, it rose. Upstream bisphenol A rose, boosting the cost side of PC. The load of domestic polymerization plants remained stable after a decline. The demand side consumption lags behind, and the on-site trading is weak. It is expected that the PC market will mainly consolidate and operate after the holiday.

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