1、 Price trend
According to the data monitored by the business agency, today’s comprehensive market price is 13766.67 yuan / ton. The PC market is in a weak shock, the downstream market maintains rigid demand, and the real deal is limited.
| Sulfamic acid 99.80% |
2、 Cause analysis
Products: affected by foreign public events, the international economic situation is becoming more and more severe. Domestic downstream factories are slowly recovering from the construction, and they are cautious in receiving goods. The pressure on the supply side is greater, the price of raw materials is significantly lower, the cost pressure is greatly increased, and PC enterprises are low in starting, which is difficult to stop falling, and difficult to be relieved in a short period of time.
Industry chain: domestic bisphenol a market continues to break down. At the beginning of the week, due to the sharp drop of crude oil price, which depressed the trading atmosphere of the market, the buyer often held a short forecast on the future market, few active enquiries asked about the price, and the supply and demand fundamentals were still weak. The overall construction of downstream epoxy resin and PC plants was insufficient, traders and factories were under pressure, and most of them focused on low sales. In addition, upstream phenol and acetone negotiations continued to decline, the cost support was weak, and the market was lack of profit Good support, the decline expanded.
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Industry: on March 15th, the PC commodity index was 57.84, unchanged from yesterday, down 54.11% from the highest point 126.05 (2017-12-18) in the cycle, and up 8.60% from the lowest point 53.26 on 03 / 02 / 2020. (Note: cycle refers to 2011-09-01 to now)
3、 Future forecast
PC analysts of business club think: in the short term, domestic PC market is mainly weak.
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