[PC Daily Review] Market Continues to Decline and Adjust

1 Today's Summary

TuesdayInternational crude oil prices rise ， ICE Brent crude futures for June contract rose by $3.44 to $99.58 per barrel. 。

②、 The East China market for bisphenol A closed at 9,100.Yuan/ton, a month-on-month decrease of 100 yuan/ton.

③ This week, domestic PC manufacturers have lowered ex-factory prices or are temporarily not offering quotes.

Table 1 Domestic PC Price Summary (Unit: Yuan/Ton)

今日国内PC市场维持弱势调整格局。截至下午收盘，华东PC市场国产料商谈区间在13550-16600元/吨，整体重心较昨日下跌100-200元/吨不等。本周国产PC工厂出厂调价动态不一，部分工厂暂无对外出厂报价，沧州大化PC装置恢复重启中；现货市场来看，华东及华南均进一步震荡下探，目前成本及需求多重利空压力驱动下，市场弱势气氛浓厚，业者积极随行出货操作，场内低价消息频传，但下游刚需买盘迟缓，实单交投稀少。

3 Production Dynamics

Cangzhou Dahua’s PC unit is in the process of resuming operations; today, the East China market price of the raw material BPA fell by RMB 100/ton to RMB 9,100/ton, and the gross profit margin of China’s domestic PC industry decreased by RMB 60/ton from the previous working day to RMB 2,160/ton.

Figure 3 Weekly Trend of Domestic PC Capacity Utilization Rate	Figure 4 Domestic PC Profit and Price Comparison Chart (Unit: Yuan/Ton)
Source: Longzhong Information	Data source: Longzhong Information

4 Price Forecasting

Currently, the main raw material for PC, bisphenol A, continues to decline in price, putting persistent bearish pressure on PC from the cost side. Moreover, there are no significant improvements in end-user consumption, leading downstream PC factories to adopt a wait-and-see approach with cautious procurement. Both cost and demand continue to exert bearish pressure on PC, resulting in a strong atmosphere of market weakness. It is expected that the short-term will maintain a weak adjustment pattern, and attention should be paid to the further evolution of market trends.

5. Related product information

Bisphenol A market: Taking East China as the benchmark, BPA in East China closed at RMB 9,100/ton today, down RMB 100/ton from the previous trading day, in line with morning expectations. The focus of the East China market moved lower today. Cost support was insufficient, and the commissioning of two major new units weighed on market sentiment. Downstream buyers mostly stayed on the sidelines, with few inquiries and low counteroffers. Cargo holders were eager to sell, but the market was close to a state of price declines without trading volume.

6 Data Calendar

Table 2 Domestic PC Data Overview (Unit: Yuan/Ton)