Price trend
According to the data of the business community’s bulk list, the PC market fell this week, and the spot prices of various brands rose and fell. As of August 12, the reference offer of PC sample enterprises of business community was about 16766.67 yuan / ton, up or down + 1.11% compared with the average price at the beginning of the month.
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Cause analysis
Industrial chain: on the upstream side, there are many bisphenol a maintenance devices this week, the domestic supply is expected to decline, the supply of imported goods is generally supplemented, the external price is up, and the merchants try to make a high price. Domestic factories have increased slightly for many times to stimulate the market, and the carriers have followed the upward trend, with acceptable terminal acceptance. The participation of epoxy downstream factories and intermediate traders has increased. It is expected that the business community will help the factory to increase, and the downstream demand will increase. Next week, bisphenol A will continue to be strong at a high level or will continue to rise.
This week, the upstream bisphenol a market continued to rise, and the PC cost side support strengthened. In terms of industrial load, the operating rate of domestic PC enterprises increased by a narrow margin this week, and was generally stable 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 far end and upstream continues to fluctuate under the influence of macro inflation factors, resulting in the weak mid – and long-term support of PC. Downstream demand is still lagging behind. Terminal enterprises are limited in operating rate due to various factors. They have poor confidence in stock preparation, and the on-site operation is biased towards bargain hunting. Although the profits of the production enterprises are poor, the factory prices are mostly reduced. The merchants are more willing to reduce the price and take orders. The actual transactions are mostly scattered small orders.
Future forecast
Business analysts believe: this week, the domestic PC market fell, the upstream BPA market gradually rose, and the cost side’s support effect on PC was enhanced. On the supply side, there are abundant goods on the site, high inventory, weak demand, and buyers have a heavy wait-and-see attitude. It is expected that the spot price of PC will continue to fall in the short term due to the drag of the demand side.
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