[PC Daily Review] Market Maintains a Weak Trend

1 Today's summary

①, ThursdayInternational crude oil rises ， ICE Brent crude futures August contract at $75.26, up $1.52 per barrel. 。

②、 Raw material bisphenol A closed at 8,500 in the East China market.Yuan/ton, down 50 Yuan/ton compared to the previous period.

As the weekend approaches, there are no new price adjustment dynamics from domestic PC factories.

Table 1 Summary of Domestic PC Prices (Unit: yuan/ton)

Today, the domestic PC market in China continued to decline further. As of the afternoon close, mainstream negotiations for domestic material in the East China PC market were in the range of RMB 11,450–13,000/mt, with the center of domestic prices falling by another RMB 50–100/mt compared with yesterday. Approaching the weekend, domestic PC producers have made no new ex-works price adjustments. In the spot market, both East China and South China have basically returned to levels seen before the Iran-Israel conflict. Affected by lower costs driven by the overall decline across the industry chain, coupled with increasingly intensified pressure from the recent supply-demand imbalance in the sector, market sentiment remains weak and difficult to lift. Market participants are still strongly willing to ship goods actively, while downstream buyers continue to purchase only for rigid demand, and the trading atmosphere is subdued.

3 Production Dynamics

There have been no latest startup or shutdown updates for domestic PC facilities. Today, raw material bisphenol A in the East China market fell by RMB 50/ton to RMB 8,500/ton, and the gross profit margin of China’s PC industry decreased by RMB 5/ton from the previous working day to RMB 800/ton.

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

4 Price Forecast

Although PC prices have fallen to pre-conflict lows, they have failed to effectively support or boost market sentiment. Next week, Zhejiang Petrochemical’s Phase I PC unit will restart, leading to a significant increase in domestic low-end PC supply. Meanwhile, downstream consumption still shows no clear signs of improvement, and on-site procurement remains limited. The pressure from the industry’s supply-demand imbalance continues to rise, further weighing on market sentiment. Overall, the domestic PC market is expected to remain weak next week, with attention focused on the latest price adjustment moves by major PC producers at the beginning of the week.

5. Related Product Information

Bisphenol A market: Taking East China as the benchmark, bisphenol A in East China closed today at RMB 8,500/ton, with the range at RMB 8,500-8,500/ton, down RMB 50/ton from the previous trading day, in line with morning expectations. The East China market fluctuated weakly today. Downstream buyers showed insufficient follow-up on rigid demand, inquiry sentiment was sluggish, low-priced cargoes were available in the market, holders loosened their offers, and the focus of negotiations edged down within a narrow range, while actual transactions were limited.

6 Data Calendar

Table 2 Overview of Domestic PC Data (Unit: yuan/ton)