Market Accelerates Upward

1 Summary of the day

①、 Tuesday: International crude oil prices rose; ICE Brent crude oil futures for May delivery settled at $81.40, up $3.66 per barrel. 。

②、 Bisphenol A market in East China closed at 9100.CNY/ton, up 400 CNY/ton from the previous month.

The factory-gate price of a certain PC factory in Shandong has been increased by 500 yuan per ton.

2. Overview of Spot Goods

Today, the domestic polycarbonate (PC) market in China surged significantly. By the close of trading this afternoon, the mainstream trading reference price for low-end injection-grade PC in the East China region stood at RMB 13,200–14,400 per ton, while that for mid-to-high-end grades ranged from RMB 16,000–16,350 per ton. The domestic average price increased by over RMB 500 per ton compared to yesterday. Most domestic PC producers have not announced any new ex-factory price adjustments; only one PC plant in Shandong Province raised its posted ex-factory price by RMB 500 per ton. In the spot market, prices accelerated upward in both East and South China. External market sentiment, coupled with an overall upward trend across the supply chain, has led to chaotic quotation practices among holders of inventory; some have suspended quotations entirely, awaiting further market developments. Downstream buyers are fulfilling only minimal, essential demand, with limited transactions occurring at the elevated price levels.

3 Production Dynamics

Today, the capacity utilization rate of domestic PC factories is 86.78%; the price of raw material bisphenol A in East China increased by 400 yuan/ton to 9,100 yuan/ton. The gross profit margin of the domestic PC industry increased by 490 yuan/ton compared to the previous working day, reaching 1,710 yuan/ton.

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

4 , Price Prediction

This week, the domestic PC market has accelerated its upward trend, with a relatively active overall trading atmosphere. In the short term, under the overall chainshould be translated as "chain" should be translated as "chain-wide upward momentum," the enthusiasm for pushing up the PC market remains undiminished. The supply side is mainly observing and holding back from selling, and under the influence of the downstream fear of rising prices, most are passively following. Overall, it is expected that there is still room for the domestic PC market to rise tomorrow, and attention should be paid to the further changes in trading after the price reaches a high level.

5. Related Product Information

Bisphenol A Market: Based on the East China region, the East China BPA price closed today at RMB 9,100/ton, with a trading range of RMB 9,000–9,200/ton, up by RMB 400/ton from the previous trading day—consistent with morning expectations. Today’s East China market rose to a high level, supported strongly by upstream costs and positive market news. Major producers raised their posted prices by RMB 400/ton to RMB 9,200/ton. Holders were reluctant to sell, significantly widening their asking price range. Downstream buyers purchased only small quantities to meet immediate demand, with limited transactions concluded.

6 Data Calendar

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