Price trend

According to the bulk list data of business cooperatives, the PC market generally fell in mid October, and the spot prices of various brands stabilized after falling. As of October 22, the reference offer of PC sample enterprises of the business community was about 18400 yuan/ton, up or down by – 2.82% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain. In addition, the industrial load has increased, and the upstream and downstream are weak and resonant. But this week, the price level has fallen to near the cost, and it is hard to lower it further. In addition, the supply of low price goods stimulated downstream replenishment, and the market momentum recovered. The spot offer bottomed out and rebounded within the week.

In the middle of October, the bisphenol A market recovered in a narrow range after falling, and the PC cost side was generally supported. In terms of industry load, Shandong PC enterprises had a certain maintenance scale this week, the industry operation rate was low, and the supply of goods on the market was tightened. The supply side support strength rose to hedge against the raw material negative, and the market improved in the second half of the week. The actual demand in the downstream is less than that in previous years. In the first half of the week, the merchants gave up their profits and took orders. The warming of the market near the weekend stimulated buyers to enter the market. However, the terminal enterprises just need to maintain production to get goods, and there are still not many actual PC orders delivered on the market.

Future market forecast

Analysts from the business community believed that the domestic PC market stabilized after the decline in mid October, the upstream bisphenol A market fell back to a warmer level, and the cost side did not support PC well. On the supply side, the on-site supply of goods has shrunk due to the recent capacity loss, and the pressure on the supply side has eased slightly. The demand is weak, and there are scattered small orders to follow up after the price reduction. It is expected that PC spot price will recover in a narrow range in the near future.