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[Industry Focus]:PC price trend analysis, this week the domestic PC pressure to turn weak operation.

last week the domestic PC market after the early price of the wait-and-see operation, the mainstream brand market price weekly rise or fall of 50-750 yuan/ton. How are PC prices going this week?


1.
PC Price
Trend Analysis

after the festival, domestic PC factories have been raised successively, with a cumulative range of 100-400 yuan/ton. Manufacturers continue to rise to support the market mentality. At the beginning of the week, the market atmosphere was more active, traders had a positive mentality, and the buying follow-up was acceptable, but the overall downstream performance was not good. On Tuesday, Zhejiang factory closed three rounds of bidding, the price was the same as before the festival. PC spot market turned to wait-and see, buying participation decreased, downstream resumption of work progress is not as expected, coupled with the pre-holiday more than a certain stock operation, on-site procurement has always been weak, coupled with the upstream raw materials are up after the fall, raw material bisphenol A also weakened again, PC high prices lack of cost support. And the recent domestic PC supply continues to be abundant, industry confidence has been declining, more attention to the Lantern Festival after the downstream buying further changes.


2. PC upstream raw materials fall adjustment

BPA: The domestic bisphenol A market briefly rose last week after the shock run. The return of the Spring Festival holiday, the domestic bisphenol A market as a whole than before the festival rose. On the first trading day after the holiday, the bisphenol A market lacked news guidance, and the market was mainly running smoothly, but the raw material phenol acetone was high, the cost of bisphenol A rose rapidly, the market mentality improved, and some willingness to support prices increased slightly. Subsequently, phenol ketone rose for two consecutive days, the cost of bisphenol A increased significantly, some manufacturers' offers were raised one after another, middlemen actively followed the market, coupled with the downstream epoxy resin and PC rose, the upstream and downstream of the market joined hands. Downstream and some middlemen cautiously followed up the future market and made up their positions. The overall trading atmosphere was acceptable, and the mainstream market offer gradually climbed to around 10400 yuan/ton. But after the phenol ketone stop up and weaken, downstream terminal consumption to be restored, the market wait-and-see atmosphere increased. Although some bisphenol A manufacturers offer high prices, but the market stage of procurement is nearing the end, the actual single trading rhythm slowed down, the end of the week holders generally said that the shipment is not smooth, local market decline adjustment. The mainstream negotiation price in East China is 10200 yuan/ton.


3. PC price trend after market forecast

Cost forecast: Crude oil: It is expected that this week international oil prices may have a small rise in space, continue to narrow fluctuations, supply tightening situation and economic concerns to some extent eased to bring positive support. Bisphenol A: In early February, the supply and demand of bisphenol A increased simultaneously, and the impact of cost on bisphenol A was still obvious. At present, the downstream more raw material inventory to be consumed, epoxy resin and PC briefly pulled up after the shock. This week, pay close attention to the evolution of bisphenol A raw materials and supply and demand fundamentals, and it is expected that the bisphenol A market will be in a narrow range this week.

supply: After the saving, the domestic PC industry has continued to improve, the maintenance, long stop devices have been restarted, new production capacity is released, the industry start and output are gradually rising, and the supply is getting more and more abundant.

The demand side: Although the domestic PC factory further push up, but the downstream demand recovery is not as expected, the spot trading pace is slow, so the supply and demand imbalance pressure over the previous period continues to improve.


on the whole, the raw material bisphenol A has stopped rising and weakened, and it is expected to weaken next week. It is difficult to support the PC cost. In addition, PC-related products have also turned down after a small rise, all of which have suppressed the PC market mentality. It is expected that this week's domestic PC pressure to weaken the operation, focusing on the downstream resumption of production progress and market procurement situation, the above is this week's PC price trend analysis.


source: PC polycarbonate industry chain. * Disclaimer: The content comes from the Internet, WeChat public accounts and other public channels, we maintain a neutral attitude towards the point of view. This article is for reference only, exchange. The copyright of the reproduced manuscript belongs to the original author and institution. If there is any infringement, please contact Hua Yi Tian Xia customer service to delete it.
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