SunSirs: PC Market Went Weak (March.11)
March 13 2020 10:26:15 SunSirs (Daisy)
Today's market price of PC is 13766.67 RMB/ton. PC market is weak consolidation. The downstream maintain the demand and the offer transaction is limited.
Product aspect, the domestic PC market has a concussion downtrend. The trading atmosphere is flat, with few offers on the initiative. There is a wait-and-see atmosphere strong. The demand side is not good and inventory digestion is slow. In addition, the low start-up rate is difficult to form effective support for the market. Pay close attention to the latest start dynamic.
Industrial chain aspect, the upstream raw materials have fallen sharply. The international crude oil has plunged. The upstream bisphenol A market is in A slump. Furthermore, the overall bearish atmosphere is strong. The downstream just need to purchase, and the quotation reference is around 9,500 RMB/ton. The real offer depends on specific negotiation.
Industry aspect, the PC commodity index was 58.40 on March 10, unchanged from the previous day, down 53.67% from the highest point of the cycle 126.05 (2017-December-18), and up 9.65% from the lowest point of 53.26 on March 02, 2020. (note period refers to 2011-Septmber-01 till now).
Market forecasting aspect, SunSirs PC analysts think that PC market will fluctuate in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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