According to the bulk ranking data from SunSirs, the domestic PC market fluctuated and consolidated in early August, with various spot prices of different brands fluctuating. As of August 12th, the mixed benchmark price of Business Society PC is around 16,400 RMB/ton, with a price increase or decrease of -0.40 compared to August 1st.
In terms of raw materials, it can be seen from the above chart that the domestic price of bisphenol A was relatively weak in early August. The remote international crude oil price increase is suppressed by weak demand prospects, while the direct PC raw materials phenol and acetone both weaken, and the support for bisphenol A on the raw material side weakens. In addition, there is an expected increase in the load of the bisphenol A industry, with a trend of increasing supply and loose support on the supply side. The downstream production of the two main forces has weakened, with weak inventory and rigid demand procurement, resulting in a slowdown in the liquidity of the supply of goods. Overall, the support of bisphenol A for PC costs has decreased.
On the supply side: Since August, the overall operating rate of PC in China has remained stable with slight increases, and the industry average operating rate has narrowly increased to around 73.16% compared to the end of July. In the early stage, spot prices fell to the lowest point of the year, and manufacturers increased their bottom building operations by raising prices. The ex factory pricing remained firm, and some auction houses were sold at a premium. The scale of the future maintenance plan is average, and the industry load is stable with an upward trend. The supply of domestic goods will further increase. The on-site supply of goods will still remain abundant, and overall, the market supply side provides moderate support for PC prices.
In terms of demand, the PC consumption pattern did not show any improvement in early August, and the overall trend remained weak compared to the previous period. The main logic of procurement is biased towards weak rigid demand, with factories taking goods to maintain production. Downstream enterprises have low loads, weak stocking enthusiasm, and a narrow decline in consumption. Buyers have some resistance to high priced goods, and the circulation of goods is slow. The demand side has poor support for spot prices.
The PC market fluctuated weakly in early August. The upstream bisphenol A market has weakened, and the support for PC costs has weakened. The load of domestic aggregation plants is stable, with limited changes in supply side factors. At present, PC prices are still in the low point range of the year, and the market has limited decline due to bottoming out and forming a bottoming force. However, considering the high inventory pressure on PC society and the difficult supply-demand contradiction in the market, it is expected that the PC market will continue to operate at a low level in the short term.
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