①、Last Friday, international crude oil rose, ICE Brent futures May contract increased by $0.16 per barrel to $72.16.

②、Raw material bisphenol A East China market closed at 8975 yuan/ton, down 75 yuan/ton month-over-month.

③、PC factory temporarily stabilizes operations, spot market weakly consolidates.

2spot overview

Table 1 Domestic PC Price Summary (Unit: Yuan/Ton)

Today, the domestic PC market is operating with low and weak fluctuations. As of the afternoon close, the mainstream negotiation reference for low-end injection molding materials in East China is 12000-15300 yuan/ton, while the negotiation for mid-to-high-end materials is 15200-16400 yuan/ton, with some falling by 50 yuan/ton compared to Friday. At the beginning of the week, the latest factory prices from some domestic PC manufacturers remained stable, with individual adjustments down by 150 yuan/ton; in terms of the spot market, both East China and South China continue to show a weak consolidation pattern, with no improvement in fundamentals, slow spot transactions, cautious sentiment among traders, and continued downward pressure on some selling prices. The situation for new orders from downstream buyers is poor, with very few inquiries and purchases, making it difficult to increase transaction volumes.

3production dynamics

Today, the domestic PC factory's industry capacity utilization rate is 85.36%; the East China market price of raw material bisphenol A fell by 75 yuan/ton to 8975 yuan/ton, and the gross profit level of the domestic PC industry increased by 17.5 yuan/ton from the previous working day, reaching -577.5 yuan/ton.

4price prediction

Currently, the overall performance of the domestic PC market remains weak, with an extended period of decline, significantly impacting market sentiment. Although some PC facilities have plans for production cuts/maintenance in April, this has not yet provided a boost to the market. In the short term, under the backdrop of high supply and low demand, it is expected that the domestic PC market will mainly operate at a low level with weak consolidation, focusing on the actual reduction in supply and the digestion of social inventory.

5related product information

bisphenol A marketTaking East China as the benchmark, today's bisphenol A closed at 8900-9050 yuan/ton, with the mainstream price at 8975 yuan/ton, down 75 yuan/ton from the previous trading day, in line with early expectations. The domestic bisphenol A market remains quiet today, with the market news at the beginning of the week yet to be clarified, and downstream players maintaining a wait-and-see attitude. During the session, major manufacturers and intermediaries of bisphenol A did not actively quote prices, with specific negotiations taking place during the period. Currently, the two downstream markets continue to show weakness, maintaining just-in-time demand for raw materials, with overall price suppression still evident, and different regional markets continuing to experience a slight downward trend.