According to the bulk list data of SunSirs, the domestic PC market has recently seen a narrow rise, with spot prices of various brands in some regions increasing. As of March 25th, the mixed benchmark price of SunSirs PC is around 16,166.67 RMB/ton, with a +0.41% increase or decrease compared to the beginning of the month.

In terms of raw materials: From the above figure, it can be seen that the narrow range oscillation of bisphenol A in China has continued recently. Both upstream phenol and acetone have weakened, resulting in poor heat exchange and difficulty in supporting 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: Last week, the overall operating rate of PC in China was relatively high, and the current industry average operating rate is around 85%. Due to the strong upward trend in the East China region, coupled with some auction transaction prices rising, the profit margin of PC companies has increased, and some production capacity has actively returned. However, there are reports of centralized maintenance for some devices in the future, and support from the PC supply side is still acceptable.

In terms of demand: Recently, PC consumption has taken on the previous lagging pattern, with the main logic leaning towards digesting inventory. Downstream enterprises have poor stocking enthusiasm and weak demand. In addition, buyers have some resistance to PC sources with rising prices, and the demand side generally supports spot prices.

Last week, the PC market saw a narrow rise. The upstream movement of bisphenol A is weak, which provides poor support for PC costs. The load of domestic polymerization plants has increased at a high level, but there is an expectation of supply tightening, with supply side profits exceeding spot prices. The pace of consumption on the demand side is still lagging behind, and it is difficult for PC trading to increase in volume. The current market is bullish and weak, and it is expected that the PC market may encounter obstacles in the future.

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