【PC Daily Review】Market Adopts Wait-and-See Approach with Firm Pricing

1 Today's Summary

Monday international crude oil Rise , ICE Brent futures (Note: "ICE" stands for Intercontinental Exchange, and "Brent" refers to Brent crude oil. This term is commonly used in financial markets.) 05 contract 74.74 rose by 1.11 USD Yuan/barrel 。

②、 Bisphenol A raw material closing in the East China market 8850 yuan/ton, up 100 yuan/ton month-on-month.

This week, domestic PC factories stabilized prices or increased them by 100-200 yuan/ton respectively.

2 Spot Market Overview

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

Today, the domestic PC market remained stable with some price hikes. As of the afternoon close, the mainstream negotiation range for low-end injection molding grade PC in East China was 12,200-15,300 yuan/ton, while mid-to-high-end materials were negotiated at 15,200-16,400 yuan/ton, with some prices increasing by 50-100 yuan/ton compared to yesterday. This week, domestic PC manufacturers maintained stable or raised factory prices by 100-200 yuan/ton. Zhejiang Petrochemical's auction saw three rounds of flat trading, with an increase of 300 yuan/ton compared to last week. In the spot market, low-end prices in East China continued to rise, while South China remained quiet and mainly stable. The supply side, coupled with the overall rise in upstream raw material prices recently, led to a recovery in low-end material prices. Pre-holiday procurement by downstream buyers was moderate, with limited trading volume.

3 Production Dynamics

Today, the domestic PC factory operating industry capacity utilization rate was 83.99%; the price of raw material bisphenol A in the East China market rose by 100 yuan/ton to 8,850 yuan/ton, and the domestic PC industry gross profit level increased by 10 yuan/ton compared to the previous working day, reaching -265 yuan/ton.

4 Price prediction

Under the favorable influence of reduced supply and rising prices of raw materials and related products,This week, the domestic PC market showed a strong sentiment for price support, with factory prices mostly rising and spot prices tentatively following suit. However, the trading days were shortened this week, and downstream procurement volumes remained generally low. Industry participants maintained a cautious outlook. It is expected that the domestic PC market will experience a brief period of moderate price support before stabilizing within a narrow range. Further attention will be paid to market trading dynamics.

5 Related product information

Bisphenol A market Based on the East China region, the price of bisphenol A today settled at 8,700-8,950 yuan/ton, with the mainstream price at 8,850 yuan/ton, an increase of 100 yuan/ton compared to the previous trading day, exceeding early expectations. The spot market for bisphenol A has shown a strong rebound today. At the beginning of the week, the spot load of bisphenol A decreased, and after a phase of destocking, manufacturers collectively supported the market. Coupled with the continuous rise in raw material prices, market sentiment was boosted, and prices gradually climbed to the high end in the afternoon. Prices in other regional markets also rose to varying degrees, with a strong atmosphere of holding back and waiting in the market.

6 Data Calendar

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