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SunSirs: Industry Load Was High and PC Market Was Weaker

Increase font size  Decrease font size Date:2023-03-16   Views:40

  According to the monitoring data of SunSirs, the domestic PC market fell this week, and the spot prices of various brands were generally reduced. As of March 10, the reference price of the PC sample enterprises of SunSirs was about 16,333.33 RMB/ton, down 0.81% from the beginning of the month.

  Analysis review

  In terms of raw materials: it can be seen from the above figure that the recent bisphenol A market was weak. Phenol and acetone at the raw material end were strong, and the cost of downstream bisphenol A plants was increased. However, the downstream epoxy resin and other products continued to be sluggish, with insufficient orders, and the demand side was negative for the market. In addition, the supply of bisphenol A was sufficient, resulting in an increase in the contradiction between supply and demand. It is expected that bisphenol A will be weakly consolidated in the short term.

  On the supply side, the overall operating rate of domestic PC fell to about 69% this week, which was lower than that in the previous period but still at a high level year-on-year. In addition, there had been a release of new capacity before, which was bad for the market. At the same time, there would be a resumption of production line next week. On the whole, the supply side had insufficient support for the spot.

  Demand: Recently, the downstream of PC purchased just needed to maintain production, and the operators had a heavy wait-and-see attitude. As of March 10, the operating rate of terminal enterprises was not high, and there was a certain stock of raw materials that needed to be digested, and the market transactions were weak. The traders' mentality was weaker, and the operation was biased to gave up profits for sales.

  Market outlook

  The PC market fell this week, and the upstream bisphenol A market weakened, weakening the support for PC costs. The load of domestic polymerization plants was reduced in a narrow range, but it was still at a high level. At the same time, the demand side lacked power to follow up, and the pressure on the supply side increased sharply. It is expected that the PC market will continue to weaken due to the supply and demand contradiction in the near future.

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