[PC Daily Review] Market Weakness and Fluctuation

1 Today's Summary

Thursday International Crude Oil Downward ， ICE Brent crude futures for December contract fell by $0.85 to $61.06 per barrel.

②、 Bisphenol A closed at 7550 in the East China market. Yuan/ton, stable compared to the previous month.

As the weekend approaches, domestic PC factories have no updates on factory price adjustments.

2 Spot Overview

Today, the domestic PC market continues to experience weak fluctuations. As of the afternoon close, the mainstream negotiation reference for low-end injection molding grade materials in East China is 10,400-13,400 yuan/ton, while negotiations for mid-to-high-end materials are at 13,950-14,800 yuan/ton, with some domestic prices falling by another 50 yuan/ton compared to yesterday. Approaching the weekend, there are no latest factory price adjustment dynamics from domestic PC manufacturers. In the spot market, both East and South China are maintaining a weak adjustment pattern, with no new favorable factors to boost the fundamentals. The overall weak sentiment of upstream raw materials and related products, coupled with pressure to recoup funds, leads traders to maintain sales with concessions. Downstream demand is insufficient, and transactions are mostly small orders.

3 Production Dynamics

Today, the capacity utilization rate of the domestic PC factory industry is at 77.69%; the market price of raw material bisphenol A in East China remains stable at 7,550 yuan/ton. The domestic PC industry's gross profit level decreased by 50 yuan/ton compared to the previous working day, amounting to -245 yuan/ton.

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

4 Price Forecast

After the holiday, the profit-taking activities have led to a fluctuating decline in domestic PC market prices, with overall trading pace slowing compared to before the holiday. Looking ahead to next week, domestic PC factories are facing relatively low production and sales pressure, which may lead to a maintenance of price support. Meanwhile, the spot market will see gradual consumption of profit-taking and turnover transactions, with increased support from the cost side. However, considering the sluggish downstream demand and the weak impact of related products, the domestic PC market is expected to operate in a narrow weak range before turning into a stalemate.

5. Related Product Information

Bisphenol A Market: Based on the East China region, today's East China Bisphenol A closed at 7550 yuan/ton, within the range of 7500-7600 yuan/ton, stable compared to the previous trading day, in line with morning expectations. The East China market showed little fluctuation today, with limited trading activity as the weekend approaches. Demand was mainly driven by small-volume just-in-time purchases, and holders had limited operational space. The range of quotations fluctuated, with actual transactions being the primary focus, and the overall transaction volume was average.

6 Data Calendar

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