Daily Report: Domestic PC Market Steady But Weak Amid Macro Headwinds

1. Market Conditions

On May 7, 2026, the average price of PC in the domestic market was 17,458 yuan/ton, down 88 yuan/ton from the previous working day, a decline of 0.50%. Today, the PC domestic market remained stable but slightly weak. International crude oil prices dropped significantly, and the external news sentiment was bearish, leading to a weaker trading atmosphere. Currently, the demand support from the phosgene method remains, and the price has strong resistance to decline. However, the quotation of other products showed a downward trend, and the overall market conditions remained stable but slightly weak. Price ranges: low-end materials in East China were mainly negotiated at 15,000–16,700 yuan/ton, while mid-to-high-end materials were negotiated at 19,500–19,700 yuan/ton.

PC Market Price

2. Upstream Market Dynamics

Crude Oil: The Trump administration believes that the U.S. and Iran are close to reaching a memorandum of understanding to end the current conflict. Markets remain optimistic about the prospect of a U.S.-Iran deal, and international crude oil futures prices extended their declines, with losses widening compared to the previous trading session, weighed down by expectations of easing tensions between the U.S. and Iran. On May 6, U.S. WTI crude oil June futures settled down $7.19 per barrel, or -7.03%, at $95.08 per barrel; Brent crude oil July futures settled down $8.60 per barrel, or -7.83%, at $101.27 per barrel. The main Shanghai crude (SC) futures contract 2606 closed at RMB 667.3 per barrel.

Bisphenol A: The domestic market for Bisphenol A continues to maintain its pricing strategy. Although the overnight crude oil closing price fell sharply, and upstream prices have dropped, the cost side has not yet significantly impacted the market. Manufacturers mostly continue to hold firm on their prices. Affected by macroeconomic factors, the enthusiasm for inquiries from the downstream market has somewhat decreased, with only sporadic demand-driven purchases.

3. Market Prediction

Amid shifting external market sentiment and bearish news, market participants have become more cautious, weakening the bullish sentiment. Market players hold divergent views on the outlook, and the PC market is expected to trade sideways tomorrow. In East China, prices for lower-end grades are anticipated to range between RMB 15,000–17,000/ton, while mid-to-high-end grades are expected to trade in the range of RMB 19,500–20,000/ton.