Since the beginning of 2023, the price fluctuation of engineering plastics products has been relatively small. According to the data monitored by the Business News Agency, as of January 29, the growth rate of various engineering plastics varieties from high to low compared with the beginning of the month was PA6+3.25%, PC+0.29%, PET+0.14%, PA66 0%, POM 0%.

In January, there were many holidays before and after the New Year's Day and the Spring Festival, and most of the operators were shut down and delisted. The supply and demand of the industry both weakened, and the market momentum declined. At the same time, following the global inflation pattern last year, the profitability of engineering plastics manufacturing enterprises was weakened, and the operating risks of factories at all levels remained. Combined with the sharp decline of international oil prices at the beginning of the year, the common remote cost of the plastic industry has weakened. The benefits of the stock boom were mostly offset by the bad news in all aspects. On the whole, the market momentum of the engineering plastics industry was weak in January, and the price was stable and small.

The domestic PC market rose in a narrow range in January. The upstream bisphenol A market fell at a low level before the festival, and the price position was close to the cost price. After the holiday, pure benzene and phenol ketone rose, while bisphenol A rose with raw materials, which generally supported the spot price of PC. In terms of industry load, the utilization rate of PC capacity in January was roughly 60% to 65%, and the pressure on the supply side was relieved compared with the previous period. It is expected that new devices will be put into operation after the holiday. At present, all market participants have not yet resumed work, and the flow of goods in the market is sluggish. Therefore, the increase in the supply of goods sold by traders is not obvious, and the majority of intra-field sales are at a high price. In addition, the upstream price has risen in the short term, driving the PC spot price to rise. The starting position of the terminal enterprise is not high, and it is just necessary to maintain production. The operators have a wait-and-see attitude and operate cautiously. The actual orders are few and mainly scattered. As of January 29, the average spot price is about 17,400 RMB/ton. On the whole, the cost support is limited, and it is expected that PC's rising market will be limited.

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