[PC Weekly Review] This Week's Domestic PC Market Fluctuates Narrowly

1. Market Focus This Week

This week, the average price of PCs has increased while costs have decreased, resulting in a week-on-week growth in industry profits.

This week, domestic PC facilities underwent maintenance and capacity load adjustments, resulting in a week-on-week increase in industry capacity utilization rate.

The support from both the cost and demand sides is relatively weak, and the market is operating in a stagnant and slightly weaker consolidation.

2. This week's PC market Market Analysis

During the current period (October 24, 2025 - October 30, 2025), the PC market operated within a narrow range. As of the close on October 30, the price of domestically produced PC in the East China market was negotiated at 10,400-11,550 yuan/ton, roughly stable compared to the previous period, with individual increases of 50 yuan/ton, or 0.45%. In the context of continued tight domestic PC supply, this week, domestic PC factories maintained stable spot quotations, but most engaged in pre-sale operations. On Tuesday, Zhejiang Petrochemical's PC auction opened low and closed after four rounds, down 200 yuan/ton from last week. In the spot market, both East China and South China markets operated stably and quietly. Based on the stable pricing strategies of PC manufacturers and the overall shortage of circulating spot goods, most industry participants are observing and cautiously following the steady market. However, terminal consumption remains sluggish, with no improvement in new orders from downstream PC users, leading to a slow pace of procurement and predominantly small order transactions. During the week, upstream raw materials generally showed a downward trend, and related PC materials also remained weak, resulting in a cautious outlook for the future market, with actual transactions open to discount negotiations. 。

3. Market Forecast for Next Week

Next week marks the beginning of November, and the main PC plant in Shandong undergoing maintenance has not yet resumed operations, resulting in a temporary shortage of domestic supply. However, given the sluggish spot trading and the overall upstream raw material context, the domestic PC market is expected to maintain a stalemate and consolidation pattern. Key points to watch: 1. Supply side. The PC plant in Shandong undergoing maintenance may restart in the first half of the month, which may not have a substantial impact on next week's market, but with the expectation of supply recovery imminent, the overall market sentiment is cautiously under slight pressure. The actual maintenance progress of the PC production lines in Hubei, Ganning, and Zhejiang Petrochemical still needs to be followed up. 2. Demand side. At the end of the month, substantial progress in Sino-US trade negotiations has been made, and the additional tariffs imposed by the US on China will continue to be suspended for a year, which to some extent boosts the demand expectation for the future market. However, it is difficult to have an immediate effect on consumption, and it is still necessary to pay attention to the actual procurement demand for PC from downstream in the near term. 3. Cost side. Next week, Bisphenol A is unlikely to escape its weak pattern, and the price difference with PC remains large, resulting in weak cost pressure on PC. The likelihood of the industry proactively reducing supply in the short term is minimal.