1、Today's Summary

①、On Monday, international crude oil prices fell, with the ICE Brent May contract at $71.62, down $1.19 per barrel.

②、The closing price of raw material bisphenol A in the East China market was 9400 yuan/ton, remaining stable on a month-on-month basis.

③、A PC plant in Southwest China has reduced its operating load.

2、Spot Market Overview

The domestic PC market continued to show weak performance today. As of the afternoon close, the main negotiation range for low-end injection molding materials in East China was 12200-15900 yuan/ton, and for mid-to-high end materials, it was 15250-16500 yuan/ton, with some prices dropping by 50 yuan/ton compared to yesterday. This week, the latest ex-factory prices from domestic PC manufacturers were mainly stable, with individual reductions of 100 yuan/ton. Zhejiang Petrochemical's auction started low and closed after three rounds, falling 200 yuan/ton from last week. In the spot market, both East China and South China maintained a weak consolidation, with no significant positive fundamentals. Market participants remained cautious, actively negotiating sales, but downstream demand for necessary purchases was insufficient, leading to small-scale transactions within the market.

3、Production Dynamics

Today, the operating capacity utilization rate of domestic PC plants is 85.74%; the price of raw material bisphenol A in the East China market remains stable at 9400 yuan/ton. The gross profit margin of the domestic PC industry decreased by 50 yuan/ton from the previous working day, standing at -760 yuan/ton.

4、Price Forecast

This week, the price of raw material bisphenol A is consolidating at a low level, with the price difference between bisphenol A and PC basically within 3000 yuan/ton. As some ex-factory prices continue to fall, the cost pressure on the PC industry is increasing. However, considering that the current capacity utilization rate remains around 85%, the supply of domestically produced materials is highly sufficient, while the downstream demand remains insufficient. Given these factors, the negative impact of supply and demand is dominant, and it is expected that the domestic PC market will maintain a weak trend.