Price trend

According to the data of the bulk list of the business club, the PC market fluctuated and rose in August, and the spot prices of various brands rose and fell. As of August 31, the reference offer of PC sample enterprises of business club was about 17183.33 yuan / ton, up or down by + 3.62% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the market of bisphenol a gradually rose this month, the supply of goods decreased at the beginning of the month, and the trading atmosphere improved. There are many maintenance devices in the middle of the month, the domestic supply is expected to decline, the import supply is generally replenished, the external price is rising, and the merchants try to overestimate. Domestic factories have increased slightly for many times to stimulate the market, and cargo holders have followed the upward trend. In the month, the terminal acceptance improved, and the participation of epoxy downstream factories and intermediate traders gradually increased. With the help of the factory’s price adjustment, the downstream demand has increased, and it is expected that bisphenol A will continue to explore the market.

The upstream market of bisphenol a gradually rose in August, and the pressure on the cost side of PC strengthened all the way. In terms of industry load, the operating rate of domestic PC enterprises increased narrowly this month, and was generally stable at between 60% and 70%. The inventory position of the industry remains high, and the pressure on the supply side continues. The international crude oil at the upstream of the far end rose at the end of the month after falling, and the far end support of PC was weak first and then strong. Downstream demand is still lagging behind, terminal enterprises are limited by power and high temperature, resulting in limited operating rate, poor confidence in stock preparation, and on-site operations are biased towards bargain hunting. Although the profits of production enterprises are poor, due to the gradually obvious cost pressure and the operation of production prices, businesses follow the market, and the actual transactions are mostly scattered small orders.

Future forecast

Business analysts believe that this month, the domestic PC market fluctuated and rose, the upstream BPA market gradually rose, and the cost side gradually put pressure on PC. On the supply side, there is abundant supply of goods, high inventory, weak demand, and buyers have a wait-and-see mentality. At present, the pressure of raw materials in the market and the contradiction between supply and demand are competing with each other. It is expected that in the short term, the rise of PC spot price may be blocked and the operation will be frozen.