price trend
According to the bulk ranking data of Shengyi Society, the domestic PC market fell at a low level at the end of March, and the spot prices of most brands were lowered. As of March 25th, the mixed benchmark price of Business Society PC is around 15700 yuan/ton, with a price increase or decrease of -2.28% compared to early March.
cause analysis
On the supply side: As we enter the end of March, the load of domestic PC aggregation enterprises remains stable with small fluctuations. The current industry average operating level is basically the same as before, with an overall load of over 85%. The weekly average production remains at a super high level of nearly 70000 tons, and the on-site supply is very abundant. The mid stream inventory position is relatively high, and manufacturers’ shipments and auctions are weak. Factory prices continue to decrease, and the market supply side is not providing good support for PC prices.
In terms of raw materials, it can be seen from the above chart that bisphenol A has continued to decline recently. Upstream acetone and phenol continue their mid month trend, with one rise and one fall, and industry confidence in cost values has not improved. Although there are expectations of a contraction in the supply of bisphenol A in the future, the demand for bisphenol A is not strong, and there is still some downward pressure on prices. Overall, the support of raw materials for PC costs is relatively weak.
On the demand side: The PC consumption pattern has been weak for a long time, and the overall market at the end of March will continue to maintain a light pre holiday level. The downstream factories have a lukewarm load, and the end enterprises are lagging behind in stocking up. The purchasing logic has remained at a weak level of rigid demand for a long time, and the supply-demand contradiction pattern continues to be profound. Merchants tend to adopt a wait-and-see attitude towards low position positions, and buyers are resistant to high priced goods. This has increased the pressure for businesses to sell. The circulation of goods in the market is slow, and the overall trading situation continues to be light. The demand side has poor support for PC spot prices.
Future forecast
At the end of March, the domestic PC market fell at a low level. The upstream bisphenol A market is currently continuing to decline, providing poor support for the PC cost side. The load of domestic PC aggregation plants is fluctuating at a high level, and the supply is loose. High industry inventory and high supply pressure. The current downstream demand follow-up is still slow and there has been no improvement. The market has a shortage of new orders and poor trading conditions. It is recommended to focus on the impact of the peak maintenance season on the market in the future, and it is expected that the PC market will continue to rise in the short term.
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