According to the bulk list data of SunSirs, the domestic PC market in the middle of January was stable and slightly changed, and the spot prices of various brands were stable. As of January 17, the reference offer of the sample PC enterprises of the Business Club was about 17,400 RMB/ton, up and down +0.29% from the beginning of the month.
In terms of raw materials: it can be seen from the above figure that the market of bisphenol A was low in mid-January. The recent bisphenol A market negotiation atmosphere is quiet, and it is difficult to support the spot. On the cost side, phenol and acetone fell more than rose, and the market stopped falling and rebounded recently. It is expected that BPA will continue to operate in a weak and volatile manner in the short term. It is recommended to pay attention to the adjustment of main factories and the production of new capacity.
In terms of supply: the load of domestic PC enterprises has risen in a narrow range recently, with the overall operating rate close to 65%. The pressure on the supply side has eased compared with the previous period. The inventory position of large factories is better. At the same time, the production enterprises are also taking holidays in succession, and the supply is expected to weaken.
Demand: The starting position of PC terminal enterprises declined in the middle of January, and they just needed to maintain production. The wait-and-see attitude of the operators is relatively heavy, and the benefits of stock preparation before the holiday are basically exhausted, and the actual orders may be reduced due to the impact of the delisting of the holiday operators.
In the middle of January, the PC market was stable, and the upstream bisphenol A was weak, which gave poor support to PC costs. The load of domestic polymerization plants increased again, and the pressure on the supply side was relieved due to the early destocking operation. On the whole, there is a weak trend of supply and demand in the market before the holiday, and it is expected that China PC market will be sorted and operated in the near future.
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