[PC Daily Review] Market in Narrow Range

1 Today's Summary

Last Friday International Crude Oil Slight decline ， ICE Brent crude oil futures for the 12th contract are at $65.94, down $0.05 per barrel.

②、 Raw material Bisphenol A closing price in East China market: 7425. Yuan/ton, remaining stable month-on-month.

Early in the week, the latest ex-factory prices of some domestic PC factories remained stable.

2. Spot Overview

Today, the domestic PC market is experiencing a fluctuating consolidation. As of the afternoon close, the mainstream trading reference for low-end injection-grade materials in East China is 10,400-13,300 yuan/ton, while mid to high-end materials are trading at 14,000-14,800 yuan/ton. Most prices are stable, with some individual adjustments ranging from a rise or fall of 50-100 yuan/ton. At the start of the week, the latest factory price adjustment dynamics from domestic PC manufacturers are yet to become clear. The Pingmei Shenma PC facility has entered a scheduled maintenance period. In the spot market, both East China and South China continue to show narrow fluctuations, with little movement in fundamental news. The circulating spot inventory is average, and industry players are observing the factory price adjustment trends, mainly adopting a steady operation approach. Downstream demand is purchasing on a just-in-time basis, leading to a slow trading rhythm.

3 Production Dynamics

Today, the domestic PC factory's operating capacity utilization rate is at 76.98%; the market price of bisphenol A in East China remains stable at 7425 yuan/ton. The gross profit margin in the domestic PC industry increased by 50 yuan/ton compared to the previous working day, reaching -132.5 yuan/ton.

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

4 Price Prediction

Currently, the overall supply of domestic PC resources continues to be limited. At the beginning of the week, factories primarily maintained stable pricing, and the overall trading rhythm in the spot market was steady. Market participants adopted a cautious and moderate mindset, observing and flexibly operating. In the short term, although the supply side is reasonably supported, there has been no significant increase in downstream purchases. With a standoff between buyers and sellers, it is expected that the domestic PC market will continue in a stalemate and consolidation pattern.

5. Related Product Information

Bisphenol A Market: Taking East China as a benchmark, today the price of bisphenol A in East China is 7425 yuan/ton, within a range of 7400-7450 yuan/ton, stable compared to the previous trading day and in line with morning expectations. The East China market showed little fluctuation today, with limited new information at the beginning of the week and no significant improvement in downstream orders. As a result, the enthusiasm for market entry and procurement is low, with limited inquiries. Meanwhile, short-term inventory pressure on suppliers is not significant, leading to stable offers, and the trading atmosphere appears somewhat stagnant, with limited actual transactions in the market.

6 Data Calendar

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