[PC Daily Review] Market Maintains Upward Exploration Pattern

1 Today's Digest

①、 On Monday, international crude oil prices edged lower, with ICE Brent crude futures for March delivery down $0.29/barrel to $65.59. 。

②、 The closing price of bisphenol A in the East China market was 7825.Yuan/ton, up 50 yuan/ton month-on-month.

③This week, domestic PC factories raised ex-factory prices by 200-300 yuan/ton, while Zhejiang Petrochemical's auction price decreased by 100 yuan/ton.

2. Spot Overview

Today, the domestic PC market remained firm and trended upward. As of the afternoon close, mainstream negotiations for low-end injection-molding grade materials in East China were referenced at 11,450–13,450 RMB/ton, while mid-to-high-end materials were negotiated at 14,700–15,250 RMB/ton, with some price centers continuing to rise by around 200 RMB/ton from yesterday. This week, ex-factory prices from domestic PC plants were mostly adjusted upward by 200–300 RMB/ton. ZPC's PC auction opened high and concluded after five rounds, down 100 RMB/ton from last week. In the spot market, both East and South China continued to fluctuate upward. Recently, the overall atmosphere of the commodities market has been mildly positive. Coupled with the continued scarcity of circulating spot supply, market players maintained a wait-and-see approach while pushing prices higher. Downstream buyers followed up at appropriate prices, though trading volume at high price levels remained average.

3 Production dynamics

Today, the operating rate of domestic PC factories is at 81.46%; the price of raw material bisphenol A in the East China market increased by 50 yuan/ton to 7825 yuan/ton, and the gross profit margin of the domestic PC industry increased by 205 yuan/ton to 1507.5 yuan/ton compared to the previous working day (Note: The industry cost formula has been revised from January 2026, corresponding to the updated gross profit).

Figure 3: Trend Chart of Domestic PC Weekly Capacity Utilization Rate	Figure 4. Comparison of domestic PC profits and prices (Unit: yuan/ton)
Data source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction

Recently, prices in the domestic PC market have continued to rise, driven primarily by a lack of pressure on factory ex-factory sales and low levels of circulating spot inventory. Heading into the Chinese New Year holiday, the low sales pressure for PC suppliers is expected to persist. However, considering the slowing pace of downstream demand-driven purchases, market sentiment is shifting towards cautious observation. Therefore, the domestic PC market is anticipated to trade within a high range, consolidating recent gains, with attention focused on further transaction dynamics and market trends.

5. Related Products

Bisphenol A Market: Based on the East China region, today's East China Bisphenol A closed at 7825 yuan/ton, with a range of 7800-7850 yuan/ton, up 50 yuan/ton from the previous trading day, in line with morning expectations. The East China market continued its upward trend today. Downstream buyers were resistant to high spot prices and lacked sufficient order-taking capacity. However, the spot circulation of Bisphenol A was low, and suppliers still had a strong desire to push prices up, continuing to raise their offers. The market was approaching a state of price increases with little to no actual trading, and few transactions were heard in the market.

6 Data Calendar

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