SunSirs: Weak Cost Demand and China PC Market Continue to be Weak

According to the bulk list data of SunSirs, the domestic PC market was weak and volatile at the end of November and early December, and the spot prices of various brands rose and fell in tandem. As of December 5, the reference offer of PC sample enterprises of SunSirs was about 17,950 RMB/ton, up or down 0% weekly.

In terms of raw materials: it can be seen from the figure above that bisphenol A continued to fall last week, and the price has gradually approached the cost line. The continuous downturn of phenol is difficult to support bisphenol A. Pure benzene negotiation fell, and the long-term holding intention was not strong, and the shipment intention was relatively large. The offer fell. After the price reduction of bisphenol A, buyers did not enter the market enough, and the market remained sluggish, dragging down the cost of PC.

In terms of supply: Last week, the utilization rate of PC capacity increased, and the total load of domestic PC enterprises was about 56%. There are many inspections at the end of the year, but the pressure on the supply side will rise in the short term. In addition, the slow flow of goods on the market hit the confidence of enterprises and merchants in price fixing.

Demand: PC terminal enterprises started at a low position last week, and just needed to maintain production when getting goods. The operators have an empty mind and keep a cautious wait-and-see attitude. The actual orders are mainly scattered.

Last week, the PC market fluctuated, the upstream bisphenol A was weak and difficult to change, and the support for PC cost collapsed. The load of domestic polymerization plants rebounded and the pressure on the supply side increased. On the whole, there is a contradiction between supply and demand in the market. It is expected that China PC market will continue to be weak in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.