[PC Daily Review] Market Weakness Remains Unchanged

1 Today's Summary

FridayInternational crude oil falls ， ICE Brent crude oil futures June contract fell by $1.66 to $92.05 per barrel. 。

②、 Bisphenol A in the East China market closed at 8850.yuan/ton, down 100 yuan/ton month-on-month.

At the beginning of the week, there were limited updates on the latest factory price adjustments from domestic PC manufacturers.

Table 1 Domestic PC Price Summary (Unit: RMB/ton)

Today, the domestic PC market is further experiencing a downward trend. As of the afternoon close, the price negotiation range for domestic PC materials in the East China market is between 13,150 and 16,100 yuan/ton, with the focus down by about 100 yuan/ton compared to last Friday. At the beginning of the week, there were few updates on the latest factory price adjustments from domestic PC manufacturers, with only two PC factories in Shandong significantly reducing their prices to catch up with the market. In the spot market, prices for PC in East and South China continue to face downward pressure, with the fundamentals remaining weak. Market sentiment is cautious, and there is a strong willingness to actively sell. Downstream consumers are depleting their raw material inventories, with only a small amount of essential demand following through, while market sentiment remains bearish and watchful for the future.

3 Production Dynamics

Cangzhou Dahua’s PC unit has stabilized after restarting; today, the East China market price of feedstock bisphenol A fell by RMB 100/ton to RMB 8,850/ton, and the gross profit level of the domestic PC industry decreased by RMB 10/ton from the previous working day to RMB 1,935/ton.

Figure 3 Weekly Capacity Utilization Trend of Domestic PC	Figure 4 Domestic PC Profit and Price Comparison Chart (unit: CNY/ton)
Data source: Longzhong Information	Source: Longzhong Information

4 Price prediction

Currently, the atmosphere in the domestic PC market remains weak, with a downward price trend. Both buyers and sellers continue to adopt a wait-and-see approach, with holders actively selling off inventory. Downstream manufacturers are observing and digesting their stock, awaiting further downward adjustments in raw material prices. Overall, it is expected that the domestic PC market will continue to fluctuate downward tomorrow, with attention on the latest bidding dynamics from Zhejiang Petrochemical and the pricing adjustments from other factories.

5. Related Product Information

Bisphenol A market: Taking East China as the benchmark, East China bisphenol A closed today at CNY 8,850/ton, with a range of CNY 8,800-8,900/ton, down CNY 100/ton from the previous trading day, in line with morning expectations. The East China market continued its downward trend today. Negative cost-side factors persisted, supply in the market was ample, downstream participants mostly remained bearish, weak demand was difficult to improve, and holders continued to offer discounts to move cargo. Negotiation levels moved lower, while transactions in the market were sparse.

6 Data Calendar

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