Price trend
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According to the data of the bulk list of the business community, the domestic PC market fell last week, and the spot prices of various brands decreased. As of May 27, the reference offer of PC sample enterprises of business club was about 21333.33 yuan / ton, up or down -2.44% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: upstream, the domestic bisphenol a market fell this week. The raw material phenol and acetone plants were all on the rise at the weekend. Although the market was not followed up enough, the offer of the on-site cargo holders was firm and the cost side was well supported. However, the downstream epoxy resin and other markets declined broadly. Although the goods holders offered profits, the actual single trading was still limited, and the pessimism in the market was aggravated.
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The upstream bisphenol a market weakened, and the PC cost side support was cut. In terms of industry load, recently, the load of domestic PC enterprises has generally run sideways, with abundant spot goods on the floor, and the supply side is difficult to support the spot price. In terms of downstream demand, the operating rate of terminal enterprises is limited due to a variety of factors, and the goods taking situation is poor. The superimposed health events still have an impact on some parts of eastern China, and some transportation is still affected by them and it is difficult to increase the volume. The market is dominated by small orders, buyers’ mentality of buying up but not buying down spreads, merchants’ confidence is not strong, and offer to make profits on the market.
Aftermarket forecast
According to the analysts of the business agency, the domestic PC market continued to fall this week, the upstream bisphenol a market weakened, and the cost side’s support effect on PC weakened. On the supply side, the on-site source of goods tends to be abundant, on the demand side, the spot trading is relatively light, and the on-site actual trading volume is insufficient. It is expected that the spot price may continue to be weak in the short term.
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