Price trend

According to the bulk list data of the Business News Agency, the domestic PC market was weak in the first half of February, and the spot prices of various brands were generally reduced. As of February 10, the reference offer of the sample PC enterprises of the Business Club was about 17183.33 yuan/ton, up and down by+1.53% from the beginning of the month.

Cause analysis

In terms of raw materials: it can be seen from the above figure that after the festival, pure benzene and phenol ketone rose, while bisphenol A rose with raw materials, and the market rose sharply. Recently, due to the fluctuation of crude oil market, the strength of double raw materials is not strong, and the purchasing volume of new orders is obviously insufficient due to the excessive digestion of inventory at the demand end, so the bisphenol A market is weak.

On the supply side: the utilization rate of PC production capacity is about 70% in the near future, and the pressure on the supply side has been greatly increased compared with the previous period. At the same time, there is news that new devices have been put into production recently. The flow of domestic goods is sluggish, and the pressure on the supply side is also increased.

In terms of demand: in the first ten days of February, the downstream of PC just needed to maintain production, and the operators had a heavy wait-and-see mentality. At present, the resumption of work of terminal enterprises is slow, and there is pre-holiday inventory that needs to be digested, resulting in weak intra-field trading. The traders’ mentality is weak, and the operation is biased to yield profits and take orders.

Aftermarket forecast

In the first ten days of February, the PC market fluctuated and fell, the upstream bisphenol A market weakened, and the support for PC cost weakened. The load of domestic polymerization plants has hit a high level in recent years, while the demand side has not followed up well, and the pressure on the supply side has increased sharply. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradiction in the near future.