According to the bulk list data of SunSirs, the domestic PC market continued to decline in early June, and spot prices of various brands continued to decline. As of June 12th, the reference quotation for the PC sample enterprises of Business Society was around 14,900 RMB/ton, with a decrease of -1.43% compared to the beginning of the month.

In terms of raw materials: From the above figure, it can be seen that the recent market for bisphenol A has continued to decline. The raw material phenol continues to decline, while the acetone market has not improved, and the cost support is insufficient. Downstream demand for epoxy resin and other products is weak, exacerbating the market wait-and-see atmosphere and providing poor support for raw material prices.

In terms of supply: In early June, the overall operating rate of domestic PC was adjusted to around 70%, and the current industry operating rate is about 72%, which has decreased compared to the beginning of the month. But the industry has not yet shaken off its high load position in the past three years. The on-site supply is abundant, and the factory price has broken through and declined. Multi brand supply is flooding the market, with some offers showing upside down and weak support for spot goods.

In terms of demand: In early June, the downstream of PC just needed to maintain production, and the business owners had a more wait-and-see mentality. The auction situation has weakened, and transaction prices have generally decreased. At present, the starting position of terminal enterprises is not high, there are not many actual stocking operations, and there is no volume of on-site trading. Traders have a poor mentality, their prices have fallen, and the difficulty of arbitrage has increased.

The PC market was weak in early June. The upstream bisphenol A market continues to decline, providing poor support for PC costs. The load callback of domestic polymerization plants is limited, and the follow-up improvement on the demand side is not satisfactory, and there are still expectations for relaxation on the supply side. There is currently no sign of the PC market breaking out of the supply-demand contradiction, and it is expected that the market may continue to be weak in China.

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