[PC Daily Review] Market Swings Widely Within a Trading Range

1 Today's Summary

①. TuesdayInternational crude oil rises ， ICE Brent crude oil futures contract for August rose by $1.02 to $96.00 per barrel. 。

②、 Raw material bisphenol A closed at 8500 in the East China market.yuan/ton, down 150 yuan/ton month-on-month.

This week, the overall prices of domestic PC factories have declined significantly.

Spot Price

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

Today, the domestic PC market experienced wide fluctuations. As of the afternoon close, the negotiation range for domestic PC in the East China market was 12,800-15,500 yuan/ton, with the price center dropping by around 300 yuan/ton compared to yesterday. This week, ex-factory prices of domestic PC have generally been adjusted downwards on a wide scale compared to last week, with manufacturers showing a strong willingness to offer discounts to boost sales. In the spot market, prices in East China continued to weaken and decline, while in South China, some prices rebounded after excessive declines. Currently, the bearish pressure from both upstream and downstream remains unabated, market risk expectations are still high, traders are actively selling, while downstream procurement willingness is sluggish, with most buyers focusing on digesting inventory and adopting a wait-and-see approach. Actual transaction volumes are sparse.

3 Production Dynamics

Luxi Chemical’s PC Unit Line 3 has a restart plan in the near future; today, the raw material bisphenol A in the East China market fell by CNY 150/ton to CNY 8,500/ton, and the domestic PC industry’s gross margin level decreased by CNY 15/ton from the previous working day to CNY 1,950/ton.

Figure 3 Weekly Capacity Utilization Rate Trend of Domestic PCs	Figure 4. Comparison chart of domestic PC profit and price (unit: yuan/ton)
Data source: Longzhong Information	Data source: Longzhong Information

4 Price prediction

Based on the price trend of raw material bisphenol A and the current price spread between upstream and downstream, the overall market sentiment remains bearish. Traders are actively reducing their positions by selling off inventory, while downstream factories are experiencing weak new order situations, mainly focusing on inventory digestion and waiting for further price corrections in PC. Overall, as some PC facilities gradually restart after maintenance, industry supply expectations are steadily rising, while both upstream and downstream continue to show significant bearish signals. It is expected that the domestic PC market will continue to exhibit a weak downward trend.

5. Related Product Information

Bisphenol A Market: Based on the East China market, today’s East China Bisphenol A closed at RMB 8,500/ton, with a range of RMB 8,500–8,500/ton, down RMB 150/ton from the previous trading day, in line with earlier expectations. Today, the East China market continued its decline. Although the prices of phenol and acetone, the upstream raw materials, moved higher, this had no impact on the Bisphenol A market. Supply in the market remained ample, downstream buyers’ enthusiasm for restocking remained low, and holders continued to focus on selling. The center of actual transaction negotiations continued to soften.

6 Data Calendar

Table 2. Domestic PC Data Overview (Unit: CNY/ton)