[PC Weekly Preview] Domestic PC Market Expected to Continue Weak and Volatile Trend

1. Points of Attention:

1. Last week, international crude oil prices fell. ， ICE Brent crude oil futures October contract at $65.85, down $0.74 per barrel cumulatively.

2. The price of raw material bisphenol A in the East China market closed at 7,700 yuan/ton, with a cumulative week-on-week decline of 150 yuan/ton.

3. Domestic PC factories have lowered ex-factory prices by 100-300 yuan/ton to varying degrees, while Zhejiang Petrochemical's auction prices remained stable month-on-month.

4. The spot market remains stagnant and weak. 。

Core logic: The continued decline in industry chain costs allows for further price concessions, but expectations for proactive supply reduction from PC are very weak. Downstream demand is poor, and the market remains under pressure and difficult to rebound.

3. Data Table

4. Market Outlook

Last week, the prices of domestic PC materials mostly hit historically low levels, failing to effectively boost buyer sentiment. The operating rates of domestic PC production equipment remained mostly stable, with industry capacity utilization staying at a high level. Additionally, the continuous decline in raw material bisphenol A has eased cost pressures on PC production overall, making it difficult for factories to actively reduce output in the short term. Moreover, downstream rigid demand continues to show bearish signals. Overall, it is expected that the domestic PC market will continue its weak and volatile pattern. Attention should be paid to the pricing adjustments of major factories at the beginning of the week.