According to the bulk list data of SunSirs, the domestic PC market fluctuated and rose in July, with overall spot prices of various brands increasing. As of August 1st, the mixed benchmark price of Shangshang Society PC was around 15,616.67 RMB/ton, an increase or decrease of +4.69% compared to early July.
In terms of raw materials: From the above figure, it can be seen that the market for bisphenol A increased last month. In July, the broad upward trend of raw materials drove the downstream bisphenol A market to continue to rise, with strong cost support and a rise in the main downstream products. The spot quantity of bisphenol A has decreased, and manufacturers are currently under no production and sales pressure. It is recommended to pay attention to the recent transaction situation, and it is expected that the high level of bisphenol A will be adjusted in the near future.
In terms of supply: Last month, the overall operating rate of domestic PC gradually increased, from 60% at the beginning of the month to nearly 80%, and the industry load exceeded a three-year high to reach 78%. Due to the delivery of preliminary orders by the polymerization plant at the end of the month, the inventory pressure is still acceptable. However, as a result, the on-site supply of goods is relatively abundant, and the factory price of enterprises is cautious, which weakens their impact on spot prices.
In terms of demand: Last month, PC downstream customers just needed to maintain production, and the business owners had a heavy wait-and-see mentality. Auction prices fluctuate and operate. At present, the starting position of terminal enterprises is maintained, and the actual stock situation is in the off-season market. Some prices have been inverted on the market, and the main trading force is biased towards midstream traders.
The PC market fluctuated and rose in July. The upstream market for bisphenol A is strengthening, which provides reasonable support for PC costs. The load of domestic polymerization plants is gradually increasing to a three-year high, and the market has abundant spot supply. Traders have a poor mentality and tend to lower prices while placing orders. Downstream enterprises have insufficient follow-up on consumption, and it is expected that the PC market may fall back into a supply-demand contradiction in the short term, leading to weak consolidation.
