Price trend
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According to the bulk list data of Business Society, the domestic PC market continued to decline this week, and spot prices of various brands were generally lowered. As of April 21, the reference quotation for the PC sample enterprises of the Business Society was around 15616.67 yuan/ton, a decrease of -1.58% compared to the beginning of the month.
Cause analysis
In terms of raw materials: From the above figure, it can be seen that the recent decline in the bisphenol A market has led to a narrow rebound. As the holiday season approaches, the enthusiasm for entering the downstream epoxy resin market has increased, and the market negotiation atmosphere has improved. Holders have a stable mentality, and their prices are firm. It is expected that the market situation will continue to rise.
In terms of supply: The overall operating rate of domestic PC this week is close to 70%, with a narrow increase compared to the previous period. The PC industry is still operating at high loads and has ample supply. In addition, there have been some recent delays in maintenance plans and the production of new devices. Overall, the benefits of reducing losses in the early stage and increasing supply in the later stage have been fully realized, resulting in poor support for spot goods.
In terms of demand: Recently, downstream PC buyers have just needed to maintain production, and the business owners have a heavy wait-and-see mentality. The auction situation also fell short of expectations, with prices falling. At present, the starting position of terminal enterprises is not high, and the actual stocking operation has not improved, with light on-site trading. Traders’ mentality has weakened, and their offers are generally in line with the market.
Future Market Forecast
This week, the PC market fell, with a slight rebound in the upstream bisphenol A market after a decline, providing average support for PC costs. The load of domestic polymerization plants is deadlocked. The follow-up on the demand side has not improved, and the pressure on the supply side remains high. It is expected that the PC market will take some time to overcome the supply-demand contradiction and may continue to decline.
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