According to the bulk list data from SunSirs, the domestic PC market has been actively rising recently, with most brands experiencing a certain increase in spot prices. As of February 23rd, the benchmark price for the mixed PC of SunSirs is around 16,100 RMB/ton, with an increase or decrease of +2.66% compared to the beginning of the month.

In terms of raw materials, the bisphenol A market rose last week. The raw materials of pure benzene and phenol have continued to rise after the holiday, and the increase in acetone is also considerable. The cost support for PC has been strengthened. With the slowdown in the rise of raw materials and the phased stocking of downstream products, it is expected that there is a high possibility of consolidation and operation in the bisphenol A range in the future.

In terms of supply: After the Spring Festival, the overall operating rate of PC in China has increased, and the industry average has gradually increased to around 84%. Enterprise production capacity returns and supply increases. However, due to the fact that it is mostly used for contract delivery for pre-sales before the Spring Festival, the pressure on on-site shipment of goods is relatively low. The factory price often increases after the price increase, which provides sufficient support for spot prices.

In terms of demand: After the Spring Festival, PC consumption will continue to follow the previous rigid demand pattern, with the main logic leaning towards digesting inventory. The delay in resuming work by downstream enterprises and the poor demand for on-site stocking have resulted. In addition, buyers have some resistance to PC sources with rising prices, and the demand side generally supports spot prices.

After the Spring Festival, the PC market has been actively rising. The upstream bisphenol A market is strengthening, increasing the support for PC costs. The load of domestic polymerization plants has significantly increased, and the market has abundant spot supply, but there is no significant accumulation of inventory, and the supply pressure is still acceptable. The confidence of traders is supported by suppliers, and their offers are actively high. However, the demand side is expanding slowly after the holiday, and terminal enterprises still have inventory to digest. The current market stalemate is gradually emerging after the rise in PC prices, and it is expected that the PC market in the future may form a stalemate pattern.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.