Price trend

According to the bulk list data of the business agency, the domestic PC market fell in mid-February, and the spot prices of various brands were generally reduced. As of February 20, the reference offer of the sample PC enterprises of the Business Club was about 1666.673 yuan/ton, up and down by -4.49% from the beginning of the month.

Cause analysis

In terms of raw materials: it can be seen from the above figure that bisphenol A is difficult to break in the game of cost and supply and demand under the low market demand. The raw material phenol/acetone continues to rise, the cost of bisphenol A plant is online and offline, and the market focus has stopped falling in the short term, while the demand side is difficult to be stimulated by good news. It is expected that bisphenol A will fluctuate with a high probability around the cost, and will continue to pay attention to the raw material market situation and downstream demand information in the later stage.

In terms of supply: the total load of domestic PC is close to 72% recently, and the pressure at the supply end is too high. At the same time, there is news that new devices will be put into operation recently. The flow of domestic goods is sluggish, and the pressure on the supply side is also increased.

Demand: In the middle of February, the downstream of PC just needed to maintain production, and the operators had a heavy wait-and-see attitude. At present, the resumption of work of terminal enterprises is slow, and there is pre-holiday inventory that needs to be digested, resulting in weak intra-field trading. The traders’ mentality is weak, and the operation is biased to yield profits and take orders.

Aftermarket forecast

In the middle of February, the PC market fell, the upstream bisphenol A market weakened, and the PC cost support weakened. The domestic polymerization plant load is at a high level, while the demand side is weak in follow-up, and the pressure on the supply side is increasing sharply. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradiction in the near future.