According to the bulk ranking data of SunSirs, the domestic PC market fell at a low level in March, and the spot prices of most brands were lowered. As of April 1st, the mixed benchmark price of SunSirs PC is around 15,766 RMB/ton, with a price fluctuation of -1.87% compared to early March.

On the supply side: In March, the load of domestic PC aggregation enterprises fluctuated slightly, and the current industry average operating level has increased by nearly 2% to 84% compared to the previous period. The average weekly production within the month remained at a super high level of nearly 70,000 tons, and the on-site supply was very abundant. The mid stream inventory position is relatively high, and manufacturers' shipments and auctions are weak. Factory prices continue to decrease, and the market supply side is not providing good support for PC prices.

In terms of raw materials, it can be seen from the above chart that the price of bisphenol A plummeted in March. Upstream acetone and phenol fluctuated after falling, and industry players have a more concerned attitude towards cost values. Although there are expectations of a contraction in the supply of bisphenol A in the future, the demand for bisphenol A is not strong, and there is still some downward pressure on prices. Overall, the support of raw materials for PC costs is relatively negative.

On the demand side: The PC consumption pattern has been weak for a long time, and the overall market in March continued to be at a light level before the holiday. The downstream factories have a lukewarm load, and the end enterprises are lagging behind in stocking up. The purchasing logic has remained at a weak level of rigid demand for a long time, and the supply-demand contradiction pattern continues to be profound. Merchants tend to adopt a wait-and-see attitude towards low position positions, and buyers are resistant to high priced goods. This has increased the pressure for 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.

The domestic PC market fell at a low level in March. The upstream bisphenol A market is currently continuing to decline, providing poor support for the PC cost side. The load of domestic PC aggregation plants has increased slightly at a high level, and the supply is loose. The current downstream demand follow-up is still slow, and the market trading situation is not good. The market is about to enter the peak season for maintenance, which may stimulate some price stabilization operations. However, due to high inventory levels in the industry and a shortage of new orders on the market, there is significant pressure for sellers to sell their products. Therefore, it is expected that the PC market will continue to experience a difficult upward trend in the short term.

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