Influenced by the continuous decline of raw materials and the market decline, the factory price of domestic PC factories dropped sharply last week, ranging from 400-1000 yuan/ton; Last Tuesday, the bidding price of Zhejiang factory fell 500 yuan/ton compared with last week. The focus of PC spot goods fell with the factory cost. The market continued to operate at the bottom in the first half of the week, falling below the lowest price in the year as a whole, hitting a new low in recent two years. Downstream entry was scarce, and the atmosphere of negotiation was cold; In the afternoon of last Wednesday, with the release of anti-dumping news from some domestic PC factories, and the expectation of gradual easing of control measures, the trading atmosphere in the spot market improved last Thursday, and the focus of some domestic material negotiations rebounded. However, the factory of Zhongsha Tianjin dropped by 300 yuan/ton again. In addition, the raw materials continued to decline, which made it difficult for the industry to be optimistic. After a modest increase, profit taking was the main thing.

Cost: Bisphenol A in China continued to break down last week. In the first half of the week, raw materials and downstream markets were weak. In addition, the overall supply of spot goods was sufficient, the market mentality was empty, and manufacturers and intermediaries were willing to ship according to the market. Prices of different sources of goods were uneven, and the overall focus was declining. After the middle of the week, along with the rebound of oil prices and pure benzene, the trend of phenols and ketones slowed down, and the cost of bisphenol A stopped falling. However, due to the light atmosphere of the spot market of bisphenol A, the new contract cycle was launched this week. Downstream factories mainly consumed more contracts, and the number of replenishers entering the market was limited. A small number of inquiries were just needed, but the offer was low, and the downward trend of the market was hard to change. This week, the mainstream negotiation price of bisphenol A in East China was 10600-10800 yuan/ton, focusing on the low-end level. The average weekly price of bisphenol A last week was 10990 yuan/ton, down 690 yuan/ton, or 5.91%, compared with last week.

Supply side: At the beginning of this month, Wanhua Chemical planned to store and start the 100000 t/a PC device on three lines, Hainan Huasheng PC device was restarted on a single line, Zhejiang Railway Dafeng 100000 t/a PC device was about to enter the scheduled maintenance period on December 8, and there was no obvious adjustment plan for other domestic PC manufacturers to start their devices. On the whole, the supply of domestic PC goods continued to increase in the near future.

Demand side: Recently, the domestic epidemic control measures tend to be loose. In addition, the current PC price has hit a new two-year low. The overall market attitude is looking forward to a good situation, and some people intend to build a warehouse at the bottom. However, at the end of the year, terminal orders are difficult to improve significantly in the short term. Downstream factories may start and purchase only as they used to be, and the future market supply digestion is still to be followed up.

To sum up, the PC market is faced with many and short factors, and it is expected that this week it will mainly wait and see the shock operation.

Chemwin is a chemical raw material trading company in China, located in Shanghai Pudong New Area, with a network of ports, terminals, airports and railroad transportation, and with chemical and hazardous chemical warehouses in Shanghai, Guangzhou, Jiangyin, Dalian and Ningbo Zhoushan, China, storing more than 50,000 tons of chemical raw materials all year round, with sufficient supply, welcome to purchase and inquire. chemwin email: service@skychemwin.com whatsapp: 19117288062 Tel: +86 4008620777 +86 19117288062