[PC Morning Brief] Supply-demand contradictions continue to intensify, making it difficult for the market to recover from its low position.

1. Focus Points:

1, On Monday, international crude oil prices fell, with the ICE Brent crude futures for May delivery dropping by $1.19 to $71.62 per barrel.

2, The price of raw material Bisphenol A in East China remained stable at 9400 yuan/ton.

3, Some domestic PC manufacturers maintained their latest factory prices this week.

4, Downstream purchasing remains limited, making it difficult to reduce inventory of spot goods.

Core Logic: With upstream raw materials operating at high levels, cost pressures continue to increase; however, the contradiction between supply and demand intensifies, keeping the market in a low position without improvement.

3. Market Outlook

Currently, upstream raw materials are fluctuating at high levels, increasing the cost pressure on the PC industry chain. This week, some domestic PC factories have attempted to stabilize prices, but downstream demand remains sluggish, and there has been no improvement in the spot market transactions. The fundamental supply and demand situation offers little optimism, and market participants maintain a cautious attitude. It is expected that the domestic PC spot market will continue to exhibit a weak and volatile pattern in the short term. Today, attention should be paid to the bidding dynamics of Zhejiang Petrochemical and the latest pricing adjustments from other factories.