According to the bulk ranking data from SunSirs, the domestic PC market remained stable with slight declines in the first half of April, and some spot prices of certain brands were lowered. As of April 15th, the mixed benchmark price of SunSirs PC was around 15,633.33 RMB/ton, with a price increase or decrease of -0.85% compared to the beginning of the month.

On the supply side: In early April, domestic PC aggregation enterprises had a large and stable load with small fluctuations. As of April 15th, the industry average operating level has narrowly decreased by 2% to 82% compared to the beginning of the month. Within the range, the weekly average production remains above 60,000 tons, still at a super high level, and the on-site supply is very abundant. The mid stream inventory position is relatively high, and there is pressure on manufacturers to ship. Enterprises such as Luxi Chemical and Pingmei Shenma have successively implemented parking plans. Overall, the supply of the interval has tightened narrowly. At the same time, the maintenance of Cangzhou Dahua has been completed, and there are restart arrangements, which will increase the expected supply of goods in the future market. The market supply side is generally supportive of PC prices.

In terms of raw materials: As can be seen from the above chart, the price of bisphenol A rose slightly in the first half of April and then rebounded slightly. Affected by the temporary low point of the industry at the end of last month, some regions are experiencing tight supply, supporting the upward trend of spot prices. At the same time, both acetone and phenol have been warming up in the past half month, with a tendency towards bullish guidance in the field. However, as the middle of the month approaches, the prices of remote upstream crude oil have collapsed due to US tariffs, which has dealt a blow to the confidence of industry players in the future. In addition, there has been a recent increase in the workload of some enterprises, which has weakened the positive impact on supply. Downstream consumption urgently needs support, and overall, the support of raw materials for PC costs is still acceptable.

On the demand side: Since early April, the PC consumption pattern has shifted from a long-term weakness to a rigid demand pattern, and new orders in the market have basically returned to the same period in previous years. Downstream factories are returning to normal load and stocking up as scheduled. Be cautious in purchasing logic. However, due to the long-term weak market dynamics in the industry, high social inventory, and abundant on-site sources of goods, the supply-demand imbalance tends towards destocking. Under the influence of international news such as equivalent tariffs, merchants tend to be cautious and buyers are resistant to high priced goods. The circulation of goods on site is average, and the demand side is constrained in supporting PC spot prices.

In the first half of April, the domestic PC market experienced a slight decline. The upstream bisphenol A market is currently hindered in its upward trend, making it difficult to provide further support for the PC cost side. The load of domestic PC polymerization plants decreased steadily, and the supply was expected to increase in the second half of the month. At present, downstream demand follows the logic of rigid demand, but due to the impact of US tariff policies and crude oil fluctuations, industry concerns about the future have increased, and market trading has turned light. At the same time, the industry's inventory is high, and there is great pressure for sellers to sell their products. Therefore, it is expected that the PC market will continue to be light and stable in the short term. It is recommended to closely monitor relevant news on the foreign trade environment.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.