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[PC Morning Brief] Domestic PC Market Expected to Consolidate at Low Levels

Longzhong 2025-08-29 08:27:37

Key Focus Points:

On Thursday, international crude oil prices rose. ， ICE Brent crude oil futures for the October contract rose by $0.57 to $68.62 per barrel.

The price of raw material bisphenol A in the East China market closed at 7,725 yuan/ton, up 50 yuan/ton from the previous period.

3. Domestic PC factories currently have no latest factory price adjustment updates.

The spot market is mainly consolidating in a narrow range at low levels. 。

Core logic: Limited cost pass-through, sluggish spot trading, persistent supply-demand contradictions, and the market remains under pressure.

Product

Category

August 28

August 27

Change rate

Phenol

East China Market

6740

6775

-0.52%

Bisphenol A

East China Market

7725

7675

0.65%

PC

Yuyao Domestic

10000-11100

10000-11150

0 / -0.45%

1. The prices of the above varieties are all on a spot cash basis for self-pickup, with the unit: yuan/ton.
The prices for the two periods refer to the prices at specific times on the two working days prior to this week.
3. The rate of increase or decrease is the month-on-month change rate.

4. PC Yuyao Domestic refers to the mainstream price range of all domestic brands in the East China Yuyao market.

3. Market Outlook

Next week, the PC units at Zhejiang Petrochemical and Lihuayi Weiyuan will resume operations, while there are no clear adjustment plans for other domestic PC units. The industry's capacity utilization rate will increase slightly compared to this week, and domestic PC supply remains stable and ample. However, as we enter September, terminal orders are still mediocre, and there is no significant improvement expected in downstream PC consumption. Downstream factories have limited just-in-time procurement demand for low-priced PC, and large-scale stockpiling operations are unlikely. Overall, in the near term... The overall fundamentals of the domestic PC market have limited fluctuations, and it is expected that the domestic PC market will undergo a low-level narrow consolidation.

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