1Today's Summary

TuesdaySlight increase, ICE Brent crude oil futures for May contract rose by $0.02 to $73.02 per barrel.

The closing price of raw material bisphenol A in the East China market is 8,825 yuan/ton, a decrease of 75 yuan/ton compared to the previous period.

No domestic PC factories have announced any recent changes in factory pricing.

2Spot Overview

Today, the domestic PC market is experiencing a weak consolidation at low levels. As of the afternoon close, the mainstream trading reference for low-end injection molding grade materials in East China is 11,950-15,300 yuan/ton, while for mid-to-high-end materials, it is 15,200-16,400 yuan/ton, with some individual prices slightly lower by 50 yuan/ton compared to yesterday. Domestic PC manufacturers have no updates on factory price adjustments, and overall, they are adopting a wait-and-see approach to stabilize prices. In the spot market, both East and South China are currently experiencing a narrow range of low-level fluctuations, with limited support from the supply side. Downstream consumption shows no improvement, and industry inventory levels remain high, leading to a cautious and subdued market sentiment. Participants are primarily focusing on stable offers and selling as needed, while downstream purchasing remains limited, resulting in a lack of trading activity.

3Production Dynamics

Today, the capacity utilization rate of the domestic PC factory operating industry is 85.36%; the price of bisphenol A in East China has fallen by 75 yuan per ton to 8,825 yuan per ton. The domestic PC industry's profit margin has increased by 17.5 yuan per ton compared to the previous working day, now standing at -492.5 yuan per ton.

4Price Prediction

Currently, the fundamentals of PC in the domestic market remain weak. Although some facilities have maintenance plans for April, most of these outages are relatively short, and factories typically have inventory. Recently, downstream demand has been sluggish and difficult to boost, resulting in consistently sluggish market transactions. Additionally, the continuous decline in upstream产业链上游持续走低，也对PC形成成本端利空。the cost end of PC is negatively affected. Overall, it is expected that the domestic PC market will continue to show weak and volatile performance in the short term. Note: The phrase "产业链上游持续走低" was partially cut off, so the translation reflects the available part of the sentence.

5Related product information

Taking East China as the benchmark, today's bisphenol A closed at RMB 8,750-8,900 per ton, with the mainstream price at RMB 8,825 per ton, a decrease of RMB 75 per ton compared to the previous trading day, in line with the early morning expectation. Today, the domestic bisphenol A spot market continued to weaken. Recently, the peripheral market has been weak, and both upstream and downstream markets of bisphenol A are undergoing downward adjustments. Overall market sentiment is poor, and inventory holders are offering discounts for sales. Currently, downstream demand remains at the level of essential purchases, and overall market transactions remain sluggish. Within the day, prices in Shandong and North China regions showed significant declines, while other regions saw varying degrees of decreases.

6Data Calendar