Price trend

According to the data of the bulk list of the business club, the PC market fell this week, and the spot prices of various brands decreased. As of June 10, the reference offer of PC sample enterprises of business club was about 20766.67 yuan / ton, up or down -0.64% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, domestic bisphenol A was boosted by the favorable cost at the beginning of this week, but it was difficult to smooth out the bad terminal demand, and the market immediately went down again. With the increase of inventory, there is pressure on the carriers and factories, and the shipment is slow. However, at present, the cost level is high, the goods holders follow the market, and the business community expects a short-term weak adjustment.

The upstream bisphenol a market weakened, and the PC cost side support was cut. In terms of industrial load, this week, the load of domestic PC enterprises increased as a whole due to the resumption of some devices in western Shandong. The on-site spot supply increased, and the supply side was difficult to support the spot price. At present, the main benefit in the market is still the international crude oil in the far upstream, but it fell back due to the drag of weak downstream demand. The operating rate of terminal enterprises is limited due to various factors, and the goods taking situation is poor. The impact of domestic health incidents on some parts of East China is gradually decreasing, but some transportation recovery is still slow. 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 business agency, the domestic PC market fell this week, the upstream bisphenol a market weakened, and the cost side’s support effect on PC weakened. On the supply side, there is abundant supply of goods on the floor, on the demand side, spot trading is relatively light, and the actual trading volume on the floor is insufficient. It is expected that the spot price may continue to be weak in the short term.