Price trend

According to the bulk list data of the business agency, the domestic PC market in January was stable and slightly changed, and the spot prices of various brands were stable. As of February 1, the reference offer of the sample PC enterprises of the Business Club was about 17450 yuan/ton, up and down by+0.58% from the beginning of January.

Cause analysis

In terms of raw materials: it can be seen from the above figure that the market of bisphenol A was low in the first half of January, and the market negotiation atmosphere was quiet. The price position in the second half of the month is close to the cost price. After the holiday, pure benzene and phenol ketone rose, while bisphenol A rose with raw materials.

On the supply side: the utilization rate of PC capacity in January was roughly 60% to 65%, and the pressure on the supply side was relieved compared with the previous period. It is expected that new devices will be put into operation after the holiday. At present, all market participants have not yet resumed work, and the flow of goods in the market is sluggish.

Demand: In January, PC downstream just needed to maintain production. The wait-and-see attitude of the operators is heavy. After the festival, the increase in the sources of goods sold by traders is not obvious, and the majority of intra-field price fixing sales operations. In addition, the upstream price has risen in the short term, driving the PC spot price to rise.

Aftermarket forecast

In January, the PC market was stable, and the upstream bisphenol A fell and warmed, which generally supported the PC cost. The load of domestic polymerization plants was adjusted in a narrow range, and the pressure at the supply end was relieved due to the early destocking operation. On the whole, the upstream profits are limited, and it is expected that the PC market will continue to consolidate and operate in the near future.