[pc daily review] market struggles to recover from lows

1 Today's Summary

Monday International Crude Oil Rise ， ICE Brent crude oil futures for September contract rose by $1.60 to $70.04 per barrel.

②、 The closing price of BPA in the East China market is 7,900. Yuan/ton, stable compared to the previous period.

This week, the latest ex-factory prices of domestic PC factories have been reduced by 100-200 yuan/ton.

2 Spot Overview

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

The domestic PC market in China remained in a low and weak consolidation today. By the afternoon close, the mainstream negotiation reference for low-end injection molding grades in East China was between 10,300-13,800 yuan/ton, while mid-to-high-end materials were negotiated at 14,600-15,300 yuan/ton, with the overall focus stable compared to yesterday. This week, many domestic PC factories have lowered their latest ex-factory prices by 100-200 yuan/ton. Zhejiang Petrochemical's auction opened flat with three rounds of transactions, down 100 yuan/ton compared to last week. In the spot market, both East and South China maintained a weak consolidation pattern, with ultra-low prices unable to form a bottoming expectation. The bearish pressure on the fundamentals remains, and market participants are dispirited and unable to recover, leading to active shipments and negotiations in line with the market. Downstream demand is insufficient, and transactions remain sluggish.

3 Production dynamics

Today, the capacity utilization rate of the domestic PC (polycarbonate) manufacturing industry is at 77.46%. The price of Bisphenol A in the East China market remains stable at 7,900 RMB/ton. The gross profit level of the domestic PC industry is stable compared to the previous working day, at -460 RMB/ton.

4 Price prediction

This week, the ex-factory prices of domestic PCs have been further reduced. However, given the industry's high level of integration and high capacity utilization, there is no expectation of a reduction in supply in the near term. The ample supply of domestic materials is expected to continue, while short-term demand from downstream industries is unlikely to improve. Market transactions remain sluggish, and the market outlook continues to be pessimistic. It is expected that the domestic PC market will continue its weak consolidation trend tomorrow.

5 ", related product information"

Bisphenol A Market In the East China region, BPA (Bisphenol A) closed at 7900 yuan/ton today, within the range of 7900-7950 yuan/ton, remaining stable compared to the previous trading day, in line with morning expectations. The East China BPA market experienced fluctuations today. Although holders continued to maintain firm pricing and offer prices increased, downstream demand remained limited. Additionally, with new plant products about to enter the market, there were few signs of transactions between buyers and sellers, making high prices difficult to achieve. Therefore, the focus of mainstream negotiations did not change significantly. 。

6 Data Calendar

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