Daily review: PC Domestic Market Declines Slow Down Amid Quiet Trading Sentiment

1. Market conditions

On June 12, 2026, the average price of PC in the market was 15,746 yuan/ton, a decrease of 8 yuan/ton compared to the previous working day, with a decline of 0.05%. Today, the domestic PC market is experiencing a slow decline and consolidation. There are still expectations for an increase in supply, with maintenance facilities expected to gradually restart by the end of the month. Market sentiment remains pessimistic, but the raw material prices are generally stable. As the weekend approaches, market buying is scarce, and the reported prices from industry players are fluctuating little, trending towards a post-decline consolidation. In terms of market prices: the mainstream negotiation reference for low-end materials in East China is 12,900-14,200 yuan/ton, while for medium and high-end materials, it is 17,400-19,200 yuan/ton.

Table: PC Market Prices

Upstream Market Dynamics

Crude oil: Trump said he would launch a fierce strike against Iran, and Iran closed the Strait of Hormuz, with heightened geopolitical tensions pushing oil prices higher intraday. Subsequently, Trump said he had canceled the planned strike on Iran and stated that a U.S.-Iran agreement could be signed as soon as this weekend, rekindling market hopes for peace in the Middle East. As a result, international crude oil futures prices closed lower. On June 11, U.S. WTI crude oil July futures settled down $2.32/barrel, or 2.58%, at $87.71/barrel; Brent crude oil August futures settled down $2.72/barrel, or 2.92%, at $90.38/barrel. The SC futures main contract 2607 closed at 586 yuan/barrel.

Bisphenol A: The domestic market for Bisphenol A is consolidating in a quiet manner. Approaching the weekend, the market fundamentals have shown little fluctuation, with strong cost support. Manufacturers continue to maintain a firm and steady stance, while downstream demand has yet to show any improvement. In the morning session, the inquiry atmosphere within the market was rather subdued, with only sporadic small order inquiries heard, and actual transactions remain insufficient.

3. Market Outlook Forecast

Supply–demand fundamentals remain bearish, and cost-side supportive drivers may be weak. Attention should still be paid to whether external news affects downstream follow-up sentiment. For now, the PC market is expected to trade in a relatively weak range next week. In East China, low-end material prices are expected to be in the range of CNY 12,800–14,000/ton, while mid- to high-end material negotiation references are CNY 17,000–19,000/ton.