Last week, the domestic PC market remained deadlocked, and the price of the mainstream brand market rose and fell by 50-400 yuan/ton every week.
quotations analysis
Last week, although the supply of genuine materials from major PC factories in China was relatively low, considering the recent demand situation, the latest factory prices were stable compared to last week. On Tuesday, the bidding round of Zhejiang factories ended, with an increase of 100 yuan/ton compared to the previous week; In the spot market, the stable prices and spot supply of domestic PC factories are relatively low. Therefore, most of the focus of domestic material prices remained stagnant this week, while imported materials showed a downward trend and the price difference with domestic materials gradually narrowed. Among them, a certain imported material from South China experienced the most significant decline. Recently, factory prices have been quite high, and downstream demand has been decreasing, making it increasingly difficult for PC firm trading and arbitrage. In addition, the raw material bisphenol A continued to decline. The PC market atmosphere is sluggish on the sidelines, with low trading enthusiasm among operators, mainly waiting for further clarification of the market trend.
Raw material bisphenol A: Last week, the domestic bisphenol A market experienced a decrease in volatility. The fluctuation of raw material phenol acetone has decreased, and the weak demand for two downstream epoxy resins and PC has to some extent exacerbated the bearish atmosphere in the market. Last week, Bisphenol A contract goods were mainly digested, and spot trading was dismal. Although the price fluctuations of the main manufacturers of bisphenol A are limited, the spot resources of intermediaries are not abundant and follow the market. With the restart of large-scale equipment in Cangzhou, the spot supply in North China has improved, and the market center has significantly rebounded. Other regional markets have also declined to varying degrees. The average price of bisphenol A this week was 9795 yuan/ton, a decrease of 147 yuan/ton or 1.48% compared to last week.
Future Market Forecast
Cost side:
1) Crude oil: It is expected that there will be room for an increase in international oil prices this week. The US debt ceiling crisis can smoothly transition, while supply is tight, and the global demand superposition is expected to improve.
2) Bisphenol A: Recently, the cost side and demand support of bisphenol A have been weak, but the parking and maintenance of bisphenol A still exist, and the overall resources in stock are not abundant, with most intermediaries passively following up. This week, we will focus on the price direction guidance of bisphenol A raw materials and major manufacturers, and expect the narrow range weak market pattern to continue.

Supply side:
Recently, some PC factories in China have experienced fluctuations in equipment production, and the overall supply of genuine materials has continued to decrease. Manufacturers mainly operate at stable prices, but there is relatively abundant supply at low prices, so the overall supply of PC has remained sufficient.

Demander:
Since the second quarter, downstream demand for PC terminals has been sluggish, and the digestion of factory raw materials and product inventory has been slow. In addition, it is difficult for the market to have significant volatility expectations in the short term.

Overall, the ability of downstream factories and intermediaries to accept orders continues to decline, the difficulty of local transactions in the spot market continues to increase, and the level of PC social inventory continues to increase; In addition, the decline in raw materials such as bisphenol A and related products has further suppressed the atmosphere of the PC market. It is expected that the spot prices in the domestic PC market will continue to decline this week, and the supply-demand contradiction will become the biggest bearish trend in the short term.