[pc daily review] market tests price support, overall trading average

1 Today's Summary

Monday International crude oil Rise ， ICE Brent crude futures for November contract rose by $0.52 to $66.02 per barrel.

②、 The closing price of bisphenol A in the East China market is 8,150. 50 yuan/ton, a month-on-month increase of 50 yuan/ton.

③. This week, domestic PC factory shipments remained stable.

2 Spot Overview

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

Today, the domestic PC market experienced a narrow range of fluctuations at low levels. As of the afternoon close, the mainstream negotiation references for low-end injection molding materials in East China were 9,650-13,450 yuan/ton, while mid-to-high-end materials were discussed at 13,850-15,300 yuan/ton, with some prices rising 50 yuan/ton compared to yesterday. This week, the latest ex-factory prices from domestic PC factories remained mostly stable, with a few reduced by 100 yuan/ton. Zhejiang Petrochemical's auction opened flat with two rounds of transactions, rising by 100 yuan/ton compared to last week. In the spot market, both East and South China saw slight fluctuations at low levels. Although upstream raw material prices have been rising continuously in recent days, strengthening cost support for the industry, there are still no favorable conditions in terms of supply and demand within the industry itself. Market participants remain cautious and unenthusiastic, continuing to sell according to market trends. Downstream buyers are maintaining purchases based on just-in-time needs, with average transaction volumes.

3 Production Dynamics

Today, the capacity utilization rate of domestic PC factories is at 79.37%. The price of raw material bisphenol A in the East China market has increased by 50 yuan/ton to 8,150 yuan/ton. The gross profit margin of the domestic PC industry has decreased by 45 yuan/ton compared to the previous working day, resulting in -1,235 yuan/ton.

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

4 Price Forecast

Amid cost pressure, domestic PC factories largely maintained price stability this week, with slight increases in some market areas, while the overall atmosphere remained cautious. Recently, the overall supply in the domestic PC industry has remained ample. Wanhua Chemical's PC unit is about to complete its maintenance, and Zhangzhou Chimei's second PC production line has been launched. The maintenance plans of some manufacturers' PC units in October are unlikely to boost the spot market. After moderate follow-up from downstream, there may be a return to a wait-and-see approach, with the market under pressure and unlikely to see significant boosts. In the short term, the domestic PC market is expected to primarily undergo narrow-range consolidation after holding prices steady.

5 Related product information

Bisphenol A Market In the East China region, bisphenol A closed at 8,150 RMB/ton today, within the range of 8,100-8,200 RMB/ton, an increase of 50 RMB/ton compared to the previous trading day, in line with morning expectations. The East China bisphenol A market saw a narrow upward movement today, with production companies collectively raising their prices in the morning, providing positive stimulation to the market. Holders of goods tentatively pushed up their offers, but downstream order acceptance was limited, and acceptance of high prices was low, thus the actual transaction negotiation focus was restricted in its upward range. 。

6 Data Calendar

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