Price Trend
According to the data monitored by business associations, the domestic PC market showed a downward trend in late September, and the price of Bayer 2805 was revised back. As of September 27, the average price of Bayer 2805 offered by domestic producers and traders was about 19266.67 yuan/ton, a drop of 0.86% compared with last weekend.
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II. Cause Analysis
At the beginning of September, China began to impose anti-dumping duties on Phenol in the United States. Bisphenol A in the upstream of PC entered the upstream channel, and the focus of domestic spot quotation moved up. By late September, the downstream pre-festival stockpiling was basically completed, and the enthusiasm for buying declined. Actual turnover shrank and BPA boom cooled down. Buyers operate cautiously and factories buy and trade mainly to digest the rising trend. Recent domestic bisphenol A spot offer has fallen, which is not good for domestic PC cost. At present, the domestic PC market is running weakly. After the sharp fluctuation of international crude oil and the rise of the “Golden Ninth” peak season reserve fever, PC is now in a visible high level of callback. Before the festival, the enthusiasm for stock-up has declined, and downstream buyers’operation has gradually been limited. They are cautious and wait-and-see. Businessmen have obvious willingness to sell goods at profit. As of Friday, domestic PC spot offer showed a weak pullback.
3. Future Market Forecast
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Business PC analysts believe that the domestic PC upstream bisphenol A market fell in late September and the offer was downgraded, which weakened the cost-side support for PC. Downstream by two standby basically completed, the buyer’s enthusiasm is reduced. Businessmen’s willingness to make profits is obvious because of obstruction of shipment. The domestic PC market is showing a high decline. It is expected that the PC spot will continue to operate in the near future. It is suggested that close attention be paid to domestic supply and demand.
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