1.Price Trend
According to the data monitored by SunSirs, the domestic PC market showed an upward trend in mid-September, with prices rising. As of September 20, domestic producers and traders'offer prices for Bayer 2805 averaged about RMB 19366.67 yuan/ton, up 0.52% from the first week of September.
2.Cause analysis
At the beginning of September, China began to impose anti-dumping duties on Phenol in the United States. Influenced by the strong support of raw material cost, Bisphenol A in upstream PC entered the upstream channel, the focus of domestic spot quotation moved upward, and the willingness of merchants to bid appeared. By mid-September, production cost support was further strengthened, the sentiment of BPA speculation remained unchanged, and the market focus of BPA continued to move upwards. Downstream follow-up is a few more cautious, factories buy and sell mainly to digest the rally. It is expected that the domestic bisphenol A spot price will still be offered in the near future, which will support the domestic PC cost. At present, the domestic PC market is cautious in high-level trading due to the severe impact of international crude oil shocks. The enthusiasm of downstream factories for stock-up has improved slightly during the "double-festival" period, but downstream operators'operation is gradually limited and their mentality is in a cautious wait-and-see state. As of Friday, the domestic PC spot offer showed a high consolidation status.
3.Future Market Forecast
SunSirs PC analysts believe that in mid-September domestic PC upstream bisphenol A was boosted by rising raw materials and strong growth, PC cost-side support is larger. The downstream demand affected by the heat of two-section reserve stock has improved, and the purchase of reserve stock is prudent. Domestic PC prices are in high order. From the market performance, it is speculated that the price will still be in the near future. It is suggested that close attention should be paid to the domestic supply situation.
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