According to the bulk ranking data from SunSirs, in mid March, the domestic PC market continued the previous weak trend, and most spot prices of various brands fell. As of March 18th, the mixed benchmark price of SunSirs PC is around 15,766.67 RMB/ton, with a price increase or decrease of -1.87% compared to early March.

On the supply side: As we enter mid March, the load of domestic PC aggregation enterprises remains stable with small fluctuations. The current industry average operating level is basically the same as before, with an overall load of 86%. The average weekly production remains at a super high level of nearly 70,000 tons, and the on-site supply is very abundant. Some manufacturers have lowered their factory prices at low levels. The mid stream inventory position is relatively high, and the on-site pricing continues to be sluggish. The market supply side has poor support for PC prices.

In terms of raw materials: From the above figure, it can be seen that the long positions of bisphenol A gradually ran out in the early stage. In mid March, upstream acetone fell and then consolidated, while phenol rebounded slightly, and industry confidence in cost values did not improve. At the same time, the demand for bisphenol A is average, and there is still some downward pressure on the price. Overall, the support of raw materials for PC costs is relatively weak.

On the demand side: The PC consumption pattern has been weak for a long time, and the market as a whole continued to maintain a light pre holiday level in mid March. As of March 18th, the load increase of downstream factories has not been significant, and the stocking efforts of terminal enterprises are not good. The purchasing logic is still stuck at weak demand, and the return of production capacity is not as expected. The pattern of supply-demand contradiction continues to be profound, with businesses showing a wait-and-see attitude towards low positions, buyers being resistant to high priced goods, and increasing pressure on businesses to sell. The circulation of goods in the market is slow, and the overall trading situation continues to be light. The demand side has poor support for PC spot prices.

In mid March, the domestic PC market fell at a low level. The upstream bisphenol A market is currently continuing to trend weakly, providing poor support for the PC cost side. The load of domestic PC aggregation plants is fluctuating at a high level, and the supply is loose. High industry inventory and high supply pressure. The current downstream demand follow-up is still slow and there has been no improvement. The market has a shortage of new orders and poor trading conditions. The deepening trend of supply-demand contradiction is expected to maintain weak operation of PC in the short term.

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