[pc daily review] market quietly consolidates

1 Today's Summary

Thursday International crude oil decline ， ICE Brent crude oil futures November contract 66.37, down 1.30 USD/barrel.

②、 The raw material bisphenol A East China market closed at 8200. Yuan/ton, stable month-on-month.

③ Approaching the weekend, domestic PC factories have no latest factory price adjustment updates.

2 Spot Overview

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

Today, the domestic PC market showed a narrow consolidation trend. By the close of the afternoon, mainstream negotiations for low-end injection molding grades in East China were referenced at 9,700-13,450 yuan/ton, while mid-to-high-end grades were negotiated at 13,850-15,000 yuan/ton, with the overall focus remaining roughly stable compared to the previous day. Approaching the weekend, there have been no recent price adjustment announcements from domestic PC factories. In the spot market, both East and South China are mainly undergoing low-level narrow consolidation. With raw material prices stabilizing after previous increases, and no substantial benefits from industry supply and demand, market participants remain cautious and are inclined to observe the market and adjust their sales accordingly. Downstream demand is generally moderate, and trading sentiment is subdued.

3 Production Dynamics

Today, the operating rate of the domestic PC factory industry capacity utilization is at 83.18%; the price of raw material bisphenol A in the East China market remains stable at 8,200 yuan/ton, and the domestic PC industry profit margin is stable compared to the previous working day, at -1,280 yuan/ton.

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

4 Price Prediction

As the weekend approaches, the domestic PC market is running in a quiet and consolidating manner. The raw material side has stabilized after recent price increases, but given the significant rise in prices recently, there is still support for PC costs. Market sentiment remains cautiously moderate, with mainstream players continuing to maintain price levels. However, considering the ongoing intense supply-demand contradictions in the industry, the momentum for price increases is lacking. It is expected that the market will maintain a narrow range of fluctuations in the short term.

5. Relevant Product Information

BPA Market: Based on the East China region, BPA in East China closed at 8,200 RMB/ton today, with a range of 8,100-8,300 RMB/ton, remaining stable compared to the previous trading day and in line with morning expectations. The BPA market in East China was steady today. As prices have been rising previously, downstream demand needs to absorb the increase, leading to a lack of inquiries and insufficient signs of trading activity. However, holders are not under pressure and offer prices remain firm at high levels, with the focus of negotiations fluctuating within the range, but actual transactions are scarce.

6 Data Calendar

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