1. Focus:

On Wednesday, international crude oil slightly rose, with ICE Brent crude oil futures for May contract increasing by $0.77 to $73.79 per barrel.

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

3. There are currently no new factory price adjustment dynamics from domestic PC manufacturers, and overall prices remain stable.

The spot trading of PC remains sluggish, and the market continues to face pressure.

Core logic: Continuous decline in upstream raw materials, coupled with rising industry inventory levels, puts short-term pressure on the PC market.

Three,Market Outlook

Despite the maintenance plans for some PC equipment in April, most of the downtime is relatively short and many factories have a certain level of inventory. Meanwhile, downstream demand has remained sluggish, making it difficult for market transactions to recover. The pace of destocking in the industry has slowed, and the continued decline in the upstream part of the industrial chain has also negatively impacted the cost side of PC. Overall, the fundamental performance remains weak, and it is expected that the domestic PC market will continue to operate in a weak and volatile manner in the short term.