Send Message

High Load Continued, and PC Market Continued to Decline in April

May 4, 2023

Latest company news about High Load Continued, and PC Market Continued to Decline in April

Price trend

According to monitoring data from SunSirs, the domestic PC market fluctuated and fell in April, with overall spot prices of various brands decreasing. As of April 26th, the reference quotation for the PC sample enterprises of SunSirs was around 15,583.33 RMB/ton, a decrease of 1.79% compared to the beginning of the month.

Analysis review

In terms of raw materials: From the above figure, it can be seen that the bisphenol A market fluctuated and improved at the end of this month. In the early stage, international crude oil continued to strengthen, and pure benzene and phenol in the upstream raw materials increased, the cost support for bisphenol A was increased. In late April, as the holiday season approaching, the enthusiasm of the downstream for entering epoxy resin market increased, and the market negotiation atmosphere improved. Holders had a stable mentality, and the quotations were supporting the price. It is expected that the market situation may continue to rise.

In terms of supply: In April, the overall operating rate of domestic PC was adjusted to around 70%, and the industry was still at a three-year high load, the supply was abundant. In addition, some maintenance plans were delayed and new devices were put into operation within the month, resulting in an overall expectation of increased inventory and supply in the later stage, which led to poor support for spot goods.

In terms of demand: In April, downstream buyers just needed to maintain production, and the wait-and-see mentality of the industry was relatively heavy. The auction situation also fell short of expectations, with prices falling. As of the 26th, the operating rate of terminal enterprises was not high, and the actual stocking operation had not improved, with light on-site trading. Traders' mentality weakened, and their offers were generally in line with the market.

Market outlook

In April, the PC market was volatile, and the upstream bisphenol A market rose after consolidation, which improved the support for PC costs. However, the high load of domestic polymerization plants remained stagnant, and there was no improvement in demand side follow-up, while supply side pressure remained high. It is expected that the PC market will take some time to overcome the supply-demand contradiction and may continue to operate in a weak position.

Get in touch with us
Contact Person : Mr. Anna qian
Tel : +86 15852662859
Fax : 86-510-85881876
Characters Remaining(20/3000)