[PC Daily Review] Market Moves in Narrow Range at Low Levels, Trading Generally Lackluster

1 Today's Summary

Tuesday International crude oil Rise ， ICE Brent crude futures for November contract rose $1.03 to $68.47 per barrel.

②、 The closing price of raw material bisphenol A in the East China market was 8,200 yuan. Yuan/ton, steady compared to the previous period.

The ex-factory listed price of a certain PC factory in Shandong has been raised by 100 yuan per ton.

2 Spot Overview

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

Today, the domestic PC market is operating in a narrow range with low volatility. By the afternoon closing, the mainstream negotiation reference for low-end materials in East China injection molding grade is 9,950-13,450 yuan/ton, while mid-to-high-end materials are negotiated at 13,850-14,800 yuan/ton. Some low-end prices have risen by 50-100 yuan/ton compared to yesterday. Most domestic PC factories have not issued the latest price adjustments, with only a PC factory in Shandong raising its listed price by 100 yuan/ton compared to yesterday. In the spot market, East and South China both showed narrow range consolidation. The support from raw materials and factory costs is moderate, and the pressure of supply and demand imbalance in the industry persists. Market participants are cautiously watching, mainly maintaining stable shipments, while downstream demand follow-up is insufficient, resulting in a quiet trading atmosphere.

3 Production Dynamics

Today, the operating rate of domestic PC factories is at 83.18%. The price of raw material bisphenol A in the East China market remains stable at 8,200 yuan/ton. The domestic PC industry’s gross profit level is stable compared to the previous working day, at -1,280 yuan/ton.

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

4 Price Prediction

This week, the main driving force for PC market price support in China comes from the raw material side, while overall transaction conditions have not seen any substantial improvement. In the short term, although raw material prices have stopped rising, they are still running at high levels. Coupled with PC prices hitting historic lows, risk expectations have been greatly reduced.Trading operations within the market are expected to increase, but the pressure from supply-demand imbalance in the industry remains. It is anticipated that the domestic PC market will continue to experience narrow-range fluctuations and consolidation.

5. Related Product Information

Bisphenol A Market: Taking East China as the benchmark, Bisphenol A in East China closed at 8,200 yuan/ton today, within a range of 8,100-8,200 yuan/ton, remaining stable compared to the previous trading day and in line with earlier expectations. There were few signs of transactions in the East China Bisphenol A market today, with lackluster inquiry sentiment. Offers from holders showed little change, their willingness to sell was acceptable, but there was insufficient intention to offer discounts. Trading between buyers and sellers remained stalemated, with both sides holding firm in a psychological tug-of-war.

6 Data Calendar

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