SunSirs: The Production and Sales Pressure Is Flat, China PC Prices Will Be Adjusted at the End of November

According to the bulk ranking data from SunSirs, the domestic PC market was mainly in a state of consolidation and operation at the end of November. The spot prices of most brands are fluctuating. As of November 25th, the mixed benchmark price of Business Society PC is around 13,766.67 RMB/ton, with a price increase or decrease of -2.82% compared to early November.

On the supply side: At the beginning of the month, the load position of domestic PC aggregation enterprises was not high. At the same time, Zhejiang Petrochemical's maintenance covered multiple production lines in mid month, and some production lines of Luxi Chemical also entered a shutdown. The industry's operating rate is steadily running at around 77%, with an average weekly output of nearly 65,000 tons. Next week, it is expected that Pingmei Shenma will restart and Lihua Yi will resume the supply of official materials, with expectations of relaxed supply. However, after preliminary digestion, the inventory is relatively controllable in terms of position, and the pressure of on-site production and sales is still acceptable. Overall, the rate of change in PC support from the PC supply side has remained flat.

In terms of raw materials, it can be seen from the above chart that the bisphenol A market rebounded at a low level in late November. The price of upstream phenol acetone fluctuates and weakens, which is difficult to say for the bisphenol A market. However, in recent times, there has been no pressure on factory inventory, coupled with the fact that spot prices have fallen to low levels in the early stage, leading to an increase in price manipulation by enterprises and businesses, and a rebound in the market after gaining bottoming power. On the other hand, there has been no improvement in the consumer side of bisphenol A, and the recent changes in the focus of actual orders are limited. It is expected that the price of bisphenol A in the future may remain stable, and the support for PC costs is average.

On the demand side: The load position of downstream factories is still not ideal, and inventory is kept buying at low prices, with weak demand levels. Customs data shows that the export market has slightly decreased at a low level, and PC terminal enterprises have conservative production schedules. Merchants within the range tend to follow the market trend and adopt a cautious and wait-and-see attitude. After meeting the demand for filling vacancies in the early stage, the market trading atmosphere returned to calm, and the speed of goods circulation slowed down again. Overall, the demand side provides moderate support for PC spot prices.

At the end of November, the domestic PC market remained stagnant and consolidated. The upstream bisphenol A market has stopped falling and repaired, and the cost value has eased the drag on PC. The load of domestic PC aggregation plants is stable with small fluctuations, and there is an expectation of a rebound in the future market. The market trading situation remains weak, with long and short positions in the market. It is expected that the PC market will remain stagnant and consolidate in the short term.

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