According to the bulk list data from SunSirs, the domestic PC market was weak in early July, with spot prices of various brands falling narrowly. As of July 9th, the benchmark price for the mixed PC of SunSirs was around 16,416.67 RMB/ton, an increase or decrease of -0.20% compared to June 1st.

In terms of raw materials, it can be seen from the above chart that the domestic price of bisphenol A fell in early July. The upstream pure benzene market has fallen, causing a certain drag on bisphenol A in the raw material end. Downstream stocking enthusiasm is poor, and the flow of goods is slow. Overall, bisphenol A has weakened its support for PC cost.

In terms of supply: In early July, the overall operating rate of PC in China remained stable with little movement, and the industry average operating rate decreased by about 1% to 74% compared to the end of last month. There were relatively few news about industry maintenance and resumption of work within this period. There is abundant supply of goods on site, and there are also reports that the main brands of Hengli Petrochemical are about to be put on sale, which has negatively affected the mentality of the operators and generally resulted in weak factory pricing. The overall supply side of the market lacks support for PC prices.

In terms of demand: In early July, PC consumption continued the previous weak pattern, with the main logic leaning towards maintaining production and digesting inventory for just needs. Downstream enterprises have seen a decline in load, reduced stocking enthusiasm, and a decrease in consumption. Buyers have some resistance to high priced goods, and there is an upward trend in social inventory. The demand side has poor support for spot prices.

The PC market has been weak and volatile recently. The upstream bisphenol A market has weakened, and PC cost support has weakened. The load of domestic polymerization plants is generally sideways, and the news of new product sales increases supply expectations. The demand side consumption has a strong off-season market trend, with poor on market trading. Although some companies are approaching maintenance in the future, the momentum of the PC market is weak, and it is expected that the PC market may not rise in the short term, with continued consolidation and operation as the main focus.

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