According to the bulk list data from SunSirs, the domestic PC market in the first half of March experienced a narrow range of fluctuations and consolidation, with spot prices of various brands fluctuating. As of March 13th, the benchmark price for the mixed PC of SunSirs was around 16,100 RMB/ton, with a 0% increase or decrease compared to the beginning of the month.

In terms of raw materials, it can be seen from the above figure that bisphenol A has been declining continuously in China recently. Recently, most mainstream regions of the secondary raw materials have remained stable, with only a slight increase in the mainstream regions of East China. The trading heat is still acceptable, and there is still support for bisphenol A. Downstream enterprises have a slow consumption rate, and the pressure on traders remains unabated. The actual transaction volume is limited. It is expected that the bisphenol A market will operate in a weak and volatile manner in the future, with weak support for the PC cost side.

In terms of supply: In the first half of March, the overall operating rate of PC in China was relatively high, and the current industry average operating rate is around 80%. Due to the decline in raw material prices, PC companies have increased their profit margins, actively returned production capacity, and increased supply. However, there are maintenance reports for some devices in the future, smoothing out the negative impact on the supply side.

In terms of demand: Recently, PC consumption has been slowly recovering from the previous stage, with the main logic leaning towards digesting inventory. Downstream enterprises are lagging behind in resuming work, and there is poor demand for on-site stocking. In addition, buyers have some resistance to PC sources with rising prices, and the demand side generally supports spot prices.

In the first half of March, the PC market experienced a narrow range of fluctuations and consolidation. The upstream bisphenol A market has fallen sharply, providing poor support for PC costs. The domestic polymerization plant maintains a high load, and the market has abundant spot supply, increasing supply pressure. The development speed on the demand side is still slow, and PC consumption is restricted. It is expected that the PC market will continue to experience narrow fluctuations in the future.

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