[PC Daily Review] Limited Guidance from News, Market Watches in Narrow Range

1 Today's Summary

Last Friday International crude oil Downward ， ICE Brent crude futures for November contract fell by $0.76 to $66.68 per barrel.

②、 The closing price of bisphenol A in the East China market is 8050. The price per ton decreased by 50 yuan compared to the previous period.

At the beginning of the week, the latest ex-factory prices of major domestic PC manufacturers remain unclear.

2 Spot Overview

Today, the domestic PC market is operating in a low and narrow range. By the afternoon closing, the mainstream negotiation reference for low-end injection molding grades in East China is 9,950-13,450 yuan/ton, while medium to high-end grades are negotiated at 13,850-14,800 yuan/ton, with individual price points dropping by 50 yuan/ton compared to last Friday. At the beginning of the week, the latest ex-factory prices from some domestic PC factories remain stable compared to last week, while prices from other factories are yet to be clarified. A certain PC plant in Shandong continues to sell through bidding. In the spot market, both East China and South China are temporarily stable, with bearish fundamental news gradually increasing but lacking guidance from factories. Major holders are mostly operating steadily, and pre-holiday stocking by downstream buyers is sparse, leading to a sluggish trading atmosphere.

3 Production dynamics

Today, the operating capacity utilization rate of domestic PC factories is at 83.90%; the price of bisphenol A in the East China market has dropped by 50 yuan/ton to 8050 yuan/ton, and the gross profit level of the domestic PC industry has increased by 45 yuan/ton compared to the previous working day, resulting in a gross profit of -1145 yuan/ton.

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

4 Price Prediction

At the beginning of the week, despite the recent limited price adjustments from major domestic PC manufacturers, the ongoing imbalance in industry supply and demand has not shown any effective improvement. Additionally, the weakening of the raw material bisphenol A has further reduced cost support for PC, putting pressure on market sentiment. Ahead of the National Day and Mid-Autumn Festival, there are no favorable expectations for the fundamentals. It is anticipated that the domestic PC market will mainly experience weak fluctuations, with attention to the price adjustment direction of major PC manufacturers and market trading conditions.

5. Relevant Product Information

BPA Market: Taking the East China region as a benchmark, today the BPA price in East China closed at 8,050 yuan/ton, with a range of 8,000-8,100 yuan/ton, a decrease of 50 yuan/ton compared to the previous trading day, which aligns with the morning expectations. Today, the BPA market in East China continued its downward trend, with a weak market fundamental. Downstream replenishment sentiment is low, with few buyers in the market, and a wait-and-see mentality prevailing. Holders are increasingly eager to sell, leading to lower quotations, but there are insufficient transaction signs in the market.

6 Data Calendar

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