Daily Review: Domestic PC Market Weakly Consolidates Amidst Strong Negative Sentiment

1. Market Conditions

On June 2, 2026, the average price of PC in the market was 16,388 yuan/ton, down 66 yuan/ton from the previous working day, a decline of 0.40%. Today, the domestic PC market is weakly consolidating. There is not much news on factory pricing, and factories in Zhejiang have started low and continued to decline, making it difficult for market participants to remain optimistic. Currently, macroeconomic news has little impact on market trends, and holders of goods are mainly focused on the follow-up of buying activity. In the short term, it is challenging to see a significant improvement in downstream demand, and the market remains in a weak consolidation phase. In terms of market prices: the mainstream negotiation for low-end materials in East China is referenced at 13,850-16,100 yuan/ton, while mid-to-high-end materials are referenced at 18,500-19,200 yuan/ton.

Table: PC Market Price

2. Upstream Market Dynamics

Crude Oil: Israel continues its military operations in Gaza, Iran has suspended indirect talks with the United States, and is reportedly planning a complete blockade of the Strait of Hormuz while opening a new front of confrontation in the Bab el-Mandeb Strait. Tensions in the Middle East have escalated sharply, and international crude oil futures closed with substantial gains. On June 1, U.S. WTI crude for July delivery rose by USD 4.80 per barrel, or 5.49%, to settle at USD 92.16 per barrel; Brent crude futures rolled to the next contract month and settled at USD 94.98 per barrel. The main SC futures contract 2607 closed at RMB 584.8 per barrel.

Bisphenol A: The domestic Bisphenol A market continued its downward trend. The impact of news from the Middle East on the Bisphenol A market has become increasingly muted, and market attention remains focused on supply-demand fundamentals. Although there have been reports of unit load reductions and shutdowns, they have so far had little support for the current market. Spot supply is ample, while downstream demand remains weak, so the fundamental contradiction in the market has not been eased. Producers continue to prioritize sales, and buyers are purchasing selectively on dips in moderate volumes. Negotiation levels continue to move lower.

3. Market Outlook

In the short term, there is little change expected in the fundamentals, with weak demand and pressure on sellers to offload their products. The market may still have downward potential. It is currently anticipated that the PC market will show a weak consolidation tomorrow, with prices for low-end materials in the East China market expected to range between 13,600 to 16,000 yuan/ton, and mid-to-high-end materials being discussed around 18,000 to 19,000 yuan/ton.