Market Remains Weak Despite Efforts

1 Today’s Summary

① ThursdayInternational crude oil rose, ICE Brent futures contract 06 at 99.39 up 4.46 dollars per barrel. 。

②、 Bisphenol A closed at 10,200 in the East China market.RMB/ton, down by 250 RMB/ton month-on-month.

③. Approaching the weekend, there are no new factory price adjustment movements from domestic PC factories.

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

The domestic PC market remained weak with a downward correction today. As of the afternoon close, the mainstream trading range for low-end injection-grade PC in East China was RMB 14,550–17,500/ton, while mid-to-high-end grades traded at RMB 19,500–20,000/ton. Prices of domestic grades mostly declined by around RMB 100/ton compared to yesterday. Approaching the weekend, domestic PC producers maintained their existing price levels. In the spot market, both East China and South China continued to weaken amid persistent bearish fundamentals. Market sentiment remained cautious and pessimistic, with holders primarily selling on a day-to-day basis. Downstream buyers proceeded slowly with only spot, small-volume purchases.

3 Production Dynamics

Today, the capacity utilization rate of domestic PC factories is 79.65%; the price of raw material bisphenol A in East China fell by 250 yuan/ton to 10,200 yuan/ton. The profit margin of the domestic PC industry increased by 125 yuan/ton compared to the previous working day, reaching 1,820 yuan/ton.

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

4 Price Forecast

Approaching the weekend, the domestic PC market continues its downward trend, with overall trading sentiment remaining weak. In the short term, both cost and demand sides continue to exert significant bearish pressure, leaving market sentiment cautious and subdued. The market is likely to maintain a weak adjustment pattern in the near term, with attention focused on the impact of the upcoming rubber and plastics exhibition on trading activity and further price adjustments by domestic PC producers.

5. Related Product Information

Bisphenol A Market: Taking the East China region as the benchmark, the price of Bisphenol A closed at 10,200 RMB/ton today, within a range of 10,100-10,300 RMB/ton, declining by 250 RMB/ton compared to the previous trading day, in line with morning expectations. Today's East China market saw a broad decline, with negative news prevailing. Downstream demand remained weak, with low offer prices and insufficient purchasing. Sellers faced greater pressure to sell, showing a stronger willingness to reduce prices, and the trading center continued to move downward.

6 Data Calendar

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