Today's comprehensive market price was 13566.67 RMB/ton. The domestic PC market continues to go down, and the transaction atmosphere is not good.

Product: The domestic PC market continues to run weak, and the single transaction atmosphere was cold. Downstream has a slow process of resumption of work. Coupled with the impact of the external environment and the pessimistic business mentality, merchants were actively shipping, taking the initiative to yield profits. However, there is still inventory pressure. Recently the domestic PC manufacturers’ overall supply stability has increased, and the supply side of the PC market is difficult to form a stop fall support.

Industrial Chain: The upstream raw materials continue to fall, the support of PC cost weakened, the trading atmosphere is light, the purchase mentality is cautious, and upstream bisphenol A market has a wide range of price fluctuation. The offer price was 8900-9000 RMB/ton. The price of real order depends on situation, and people are quite cautious. 

As for internal oil, the price rebounded sharply. WTI25.22 up $4.85/Barrel; Brent 28.47 up $3.59 / Barrel. China SC crude oil futures main 2005 down 15.6 RMB/barrel to 222.7 RMB/barrel.

Industry: On March 19, rubber & plastic index was 589 points, down 6 points from yesterday, down 44.43% from the highest point in the cycle of 1060 points (2012-March-14), and up 2.26% from the lowest point of 576 points on December 21, 2015 (Note: Period from 2011-December-01 to now).

Market Forecasting

SunSirs PC analytic think that in the short term, PC will continue to be cold, and the center of its price trend will continue narrowly downward (The above prices are provided by major PC manufacturers throughout the country and analyzed by SunSirs PC analysts, for reference only, more detail please contact relevant manufacturers for more price details). 

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