Price trend
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According to the bulk list data of the Business News Agency, the domestic PC market fell this week, with spot prices of various brands generally lowered. As of March 17, the reference offer for the PC sample enterprises of the Business Club was around 16250 yuan/ton, up and down by – 1.32% compared to the beginning of the month.
Cause analysis
In terms of raw materials: As can be seen from the above figure, the recent market atmosphere for bisphenol A has been flat, with the rise and fall of both raw materials phenol and acetone, and the cost pressure on downstream bisphenol A plants remains. However, the downstream end continues to suffer from a downturn and insufficient orders, making it difficult to anticipate improvement in the short term. The bisphenol A plant has a stable load, a capacity utilization rate of nearly 80%, and sufficient supply, resulting in an increase in supply and demand contradictions and poor support for PCs.
Supply: This week, the overall PC operating rate in China was around 70%, with a narrow increase compared to the previous period. In addition, there has been new production capacity to release the negative market, and recently, the construction of the maintenance production line has been delayed, with the expected load increase unchanged. Overall, the supply side lacks support for the spot goods.
Demand: Recently, the downstream PC industry just needs to maintain production, and the industry has a heavy wait-and-see mentality. Currently, the starting position of terminal enterprises is not high, and there is a certain amount of raw material inventory that needs to be digested, resulting in increasingly light on-site trading. Traders have a weak mentality and operate in a biased way to yield profits and take orders.
Aftermarket Forecast
This week, the PC market fell, while the upstream bisphenol A market stabilized slightly, providing poor support for PC costs. The domestic polymerization plant has experienced a narrow rise in load, with weak follow-up on the demand side and high pressure on the supply side. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradictions in the near future.
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