According to the bulk ranking data of SunSirs, in mid February, the domestic PC market continued the weak consolidation trend, and most spot prices of various brands fell. As of February 18th, the mixed benchmark price of SunSirs PC is around 16,266.67 RMB/ton, with a price increase or decrease of -1.31% compared to early February.

On the supply side: In mid February, the load of domestic PC aggregation enterprises roughly leveled off, with an industry average operating rate of around 80%. The average weekly production remains at a super high level of over 60,000 tons, with ample on-site supply and unchanged supply-demand imbalance. The inventory position is on the high side, and the on-site pricing continues to be at a low level. The market supply side is providing average support for PC prices.

In terms of raw materials: As can be seen from the above chart, the recent fluctuations and consolidation of the bisphenol A market have been the main trend, with slightly weaker price movements. Although the prices of upstream phenol and acetone have strengthened, the demand side for bisphenol A has not recovered well after the holiday, and the high prices of raw materials have actually increased the cost pressure of bisphenol A. Merchants often give up profits and take orders, resulting in a decrease in actual orders. The confidence of the industry is not strong, and overall the support for PC cost is average.

In terms of demand: The PC consumption pattern has been weak for a long time, and the overall trend continues to be weak in early February. The return of downstream factories during holidays is slow, and the load on end enterprises is not high. The terminal stocking intensity is average, and the purchasing logic is concentrated on weak demand, with some inventory still to be digested. The wait-and-see attitude of businesses is biased, and buyers are resistant to high priced goods, increasing the pressure for businesses to sell. The slow circulation of goods in the market has limited changes, and the demand side has poor support for PC spot prices.

In mid February, the domestic PC market continued to consolidate its weak trend. The upstream bisphenol A market is currently maintaining a narrow range of fluctuations, with average support for PC costs. The load of domestic PC aggregation plants is basically flat, and the supply remains loose and unchanged. The industry's inventory is high, and the supply pressure has not improved. At present, the recovery of downstream demand is still slow, and the situation of new orders is not good. It is expected that PC will continue to operate weakly in the short term.

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