1.Review of the domestic PC market: Narrow and weak fluctuations.

The domestic PC market showed a narrow and weak trend this week. As of March 27, taking the foreign supply in the East China market, Covestro 2805, as an example, the closing price was 15,300-15,300 yuan/ton, with a weekly average of 15,300 yuan/ton, down 0.33% week-on-week. For domestic supply, Luxi 1609 in the East China market closed at 12,550-12,550 yuan/ton, with a weekly average of 12,550 yuan/ton, down 0.24% week-on-week.

2.Driving factors analysis: Downstream digestion raw material inventory, market transactions are sluggish.

This week, the domestic PC market was slightly weak and stagnant, mainly due to the inconsistent purchasing enthusiasm downstream. Most factories maintained stable quotations this week, while a few factories saw price corrections. The overall quotations from holders were largely stable with minor fluctuations. This week, downstream players entered the raw material digestion cycle, leading to a平淡 market trading atmosphere with transactions mainly seen in small,刚需 orders. The negotiation focus for some goods slightly weakened, but the overall fluctuation range of the PC market was limited. The price of raw material bisphenol A slightly declined, negatively impacting the PC market, and some industry participants still held a bearish outlook.

3.Market Outlook:The market may remain stagnant at low levels

The domestic PC market is expected to experience minor fluctuations at a low level next week. In the short term, the profit margin for PC is limited, and sellers are cautious about shipping at overly low prices, so market quotations may remain largely stable with minor adjustments. Meanwhile, downstream sectors are mostly in the cycle of raw material digestion, and the atmosphere for new order transactions in the market is lukewarm. With supply and demand at a stalemate, the price of domestically produced goods in East China is expected to fluctuate between 11,950 and 12,550 yuan per ton in the short term.