[PC Daily Review] Market's Narrow Range Oscillation Pattern Continues

1 Today's summary

Tuesday International crude oil Rise ， ICE Brent crude oil futures for the 12th contract rose by $0.31 to $61.32 per barrel.

②、 Bisphenol A closed at 7450 in the East China market. Yuan/ton, down 50 yuan/ton compared to the previous period.

3. There are currently no updates on factory price adjustments for domestic PC manufacturers.

2. Spot Overview

The domestic PC market experienced a narrow fluctuation and consolidation today. By the close of the afternoon, mainstream negotiations for low-end injection molding grades in East China were referenced at 10,400-13,300 yuan/ton, while mid-to-high-end grades were negotiated at 13,400-14,800 yuan/ton. The focus of certain domestic products fell by 50 yuan/ton compared to yesterday. Domestic PC factories have not indicated any new ex-factory price adjustments. In the spot market, East and South China saw narrow range consolidations at low levels, with minor adjustments in specific areas. There is minimal fluctuation in fundamental news, and the downstream buying pace for just-in-time demand has weakened. Market participants remain cautious and are adopting a wait-and-see approach, negotiating sales flexibly based on current conditions. Buying interest is insufficient, resulting in a subdued trading atmosphere.

3 Production Dynamics

Today, the capacity utilization rate of domestic PC factories is at 77.69%; the market price of raw material bisphenol A in East China has dropped by 50 yuan/ton to 7,450 yuan/ton. The gross profit margin of the domestic PC industry has increased by 45 yuan/ton compared to the previous working day, now at -205 yuan/ton.

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

4 Price prediction

Under the current situation where domestic PC factories are holding prices, the market is observing and following suit. Some high-priced domestic materials are experiencing sluggish transactions, leading to a weak downward trend. In the short term, although the overall pressure from the supply side is moderate, downstream demand is slow to follow up. Additionally, the continuous decline in related products is dampening market sentiment. It is expected that the domestic PC market will maintain a narrow fluctuation pattern in the short term, with attention on the further evolution of recent trends.

5. Related Product Information

Bisphenol A Market: Based on the East China region, today's East China bisphenol A is priced at 7450 yuan/ton, with a range of 7400-7500 yuan/ton, down 50 yuan/ton from the previous trading day, in line with morning expectations. The decline in the East China market continues today, with a weak fundamental situation. New orders from downstream are sluggish, leading to a decrease in demand for raw materials. Procurement is mainly based on just-in-time needs, with counteroffer prices at low levels. Holders are more inclined to sell, offering slight concessions to move goods, resulting in a continued downward trend in negotiation focus.

6 Data Calendar

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