SunSirs: Cost and Demand are Weak, China PC Market Continues to Decline

https://www.chemnet.com   May 21,2024 SunSirs

　　According to the bulk list data of SunSirs, the domestic PC market continued to fall last week, and the spot prices of various brands were generally reduced. As of May 17, the mixed benchmark price of PC in SunSirs was around 16,400 RMB/ton, up or down -0.81% from May 1.

　　In terms of raw materials, the domestic bisphenol a market has continued to be weak recently. The upstream phenol market has limited market momentum changes after the festival, and the demand is low. Acetone trading atmosphere was also poor. The raw material side of bisphenol A is weak, and the market lacks positive support, dragging down the market and dragging down the PC cost side.

　　In terms of supply, the overall operating rate of domestic PC industry was stable last week, and the average operating rate of the industry fell by about 1% to 76% compared with last week. The supply of goods on site is abundant, the mentality of enterprises is weakened, and the ex factory price is loosened and lowered. In the future, some enterprises have maintenance plans, but the impact on production capacity is relatively small. In the short term, the level of market supply pressure may maintain, which is a drag on PC prices in general.

　　On the demand side: last week, PC consumption took on the light pattern in the early stage, and the main logical bias was to maintain production and digest inventory. The load of downstream enterprises has declined, the enthusiasm for goods preparation has weakened, and the consumption has declined. Buyers have some resistance to high price sources, and the demand side has poor support for spot prices.

　　The PC market fell continuously last week. The price of upstream bisphenol A fell, and the cost side of PC weakened. The load of domestic polymerization plants is basically horizontal. The consumption at the demand side is declining, and the on-site trading is weak. It is expected that the PC market will continue to be weak in the short term.

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