SunSirs: Market is Weak, China PC Fluctuated and Consolidated in June

https://www.chemnet.com   Jul 02,2024 SunSirs

According to the bulk list data from SunSirs, the domestic PC market in June experienced a narrow range of fluctuations and consolidation, with spot prices of various brands rising first and then falling. As of June 30th, the benchmark price for the mixed PC of SunSirs was around 16,416.67 RMB/ton, an increase or decrease of -0.20% compared to June 1st.

In terms of raw materials: From the above chart, it can be seen that the domestic price of bisphenol A remained stable and increased in June. Upstream phenols and other substances are driven by remote crude oil, and their performance is still acceptable, while the raw material side has some support for bisphenol A. Overall, the support of bisphenol A on the cost side of PC is still acceptable.

In terms of supply: In June, the overall operating rate of domestic PCs remained stable with slight fluctuations, and the industry average operating rate increased by about 2% to 74% compared to the previous month. There is abundant supply of goods on site, and the mentality of enterprises has softened, resulting in fluctuating factory prices. Industry maintenance and resumption of work within the month are mutually occurring. In the short term, the level of market supply pressure may remain, which will generally drag down PC prices.

In terms of demand: In June, PC consumption continued the previous trend of being weak, with the main logic leaning towards maintaining production and digesting inventory for just needs. Downstream enterprises have seen a decline in load, reduced stocking enthusiasm, and a decrease in consumption. Buyers have some resistance to high priced sources, and the demand side has poor support for spot prices.

The PC market fluctuated narrowly in June. The upstream bisphenol A market is strong, and PC cost support is still acceptable. The domestic polymerization plant has seen a narrow increase in load and a slight increase in supply. The demand side consumption has a strong off-season market trend, with poor on market trading. It is expected that the PC market will continue to operate weakly in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close