[PC Daily Review] Market Under Pressure

1 Today's Summary

Tuesday International crude oilRise ， ICE Brent crude oil futures for January contract rose by $1.10 to $65.16 per barrel.

②、 Bisphenol A closed at 7200 in the East China market. Yuan/ton, a decrease of 50 yuan/ton compared to the previous period.

This week, domestic PC factories have stable output or have reduced prices by 50-100 yuan per ton.

Spot Price

Today's domestic PC market is experiencing weak fluctuations and consolidation. As of the afternoon close, the mainstream trading reference for low-end injection-grade materials in East China is 10,150-13,100 yuan/ton, while mid-to-high-end materials are trading at 14,000-14,800 yuan/ton, with some domestic prices dropping by 50 yuan/ton compared to yesterday. Most domestic PC factories have no new factory price adjustments, and only one PC factory in Shandong has slightly lower trading prices. In the spot market, East China is weak and quiet, while South China is mainly experiencing narrow fluctuations. The fundamental news is bearish, and market participants are cautious, making it difficult to stimulate activity. Transactions are flexible and negotiable, with actual orders often subject to flexible discussions. Downstream purchasing for just-in-time needs is sluggish, and trading volume remains difficult to increase.

Figure 1: Price Trend Chart of the East China Polycarbonate (PC) Market (Unit: Yuan/Ton)	Figure 2: Price Trend Chart of PCs in Various Regions of China (Unit: Yuan/Ton)
Data source: Longzhong Information	Data Source: Longzhong Information

3 Production Dynamics

Today, the capacity utilization rate of domestic PC factories is 74.11%; the price of bisphenol A in the East China market has dropped by 50 yuan/ton to 7,200 yuan/ton, and the gross profit level of the domestic PC industry has decreased by 5 yuan/ton compared to the previous working day, resulting in a gross profit of -30 yuan/ton.

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

4 Price Prediction

With the recent restart of major PC manufacturing facilities in Shandong, the supply of prime PC materials is steadily increasing. However, there has been no improvement in downstream demand, and market transactions remain sluggish. Additionally, the continuous decline in the price of raw material bisphenol A exerts downward pressure on PC costs. Overall, it is expected that the domestic PC market will mainly operate with weak fluctuations in the near future.

5. Related Product Information

Bisphenol A Market: Based on the East China region, today's East China Bisphenol A price closed at 7,200 RMB/ton, within the range of 7,150-7,250 RMB/ton, down 50 RMB/ton compared to the previous trading day, in line with the morning expectations. Today, the East China market showed a weak downward trend, with no improvement on the demand side. Buying enthusiasm was not high, and sellers remained eager to offload their stock, leading to further softening of offer prices. For some actual transactions, negotiation focus oscillated at lower levels, and transaction volumes were limited.

6 Data Calendar

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