According to the bulk ranking data of SunSirs, the domestic PC market fluctuated at the end of December, and some spot prices of certain brands were consolidating and operating. As of December 30th, the mixed benchmark price of SunSirs PC is around 16,516.67 RMB/ton, with a price increase or decrease of 3.99% compared to early December.

On the supply side: At the end of December, domestic PC aggregation enterprises had less maintenance and resumption of work, and the overall change in load was limited. The operating level was around 78%, which was the same as before. The weekly output remains at a super high level of over 60,000 tons. The on-site supply of goods is still abundant, and the mismatch between supply and demand remains unchanged. The high inventory has led to cautious pricing by manufacturers, and the auction market has opened high and fallen low. The market supply side is generally supportive of PC prices.

In terms of raw materials, it can be seen from the above chart that due to the rebound of bisphenol A market, prices have recently experienced stagflation. The delay in the production of the new device and the expansion of maintenance in the middle of the month have gradually exhausted the positive effects. As for the raw material phenol, the terminal market buying enthusiasm is not high, and the demand delivery is low. The pressure on traders to ship is not high, and there is a stable price sentiment. However, due to poor stock flow and profit sharing operations, the trading follow-up is average. At the same time, the main downstream PC and epoxy resin stocks of bisphenol A are stable, which hinders the upward trend of bisphenol A prices and flattens the support for PC costs.

In terms of demand, the PC consumption pattern has not improved for a long time, and the overall trend continues to be weak in the previous period. The logic of weak rigid demand purchasing in the market continues, and the wait-and-see sentiment of industry players is biased. As the end of the year approaches, downstream factories are taking over goods to maintain production, and buyers are resistant to high priced sources of goods, so they are cautious in purchasing and chasing price increases. The slow circulation of goods in the market has limited changes, and the demand side has poor support for PC spot prices.

At the end of December, the PC market was mainly sorted out. Upstream bisphenol A market stagflation consolidation maintains support for PC cost side. The load of domestic PC aggregation plants has basically leveled off, and the supply remains loose and unchanged. The high level of inventory in the industry has limited changes, and there has been no substantial improvement in supply pressure. The downstream stocking pattern has not changed, making it difficult to drive market trends. SunSirs believes that the positive news for raw materials is gradually dissipating, the holiday market is becoming stronger, and Zhejiang Petrochemical has plans to increase its load. It is expected that there will be downward pressure on the PC market in the future, and the market may turn weak and consolidate.

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