PC daily review on March 16

Trade name: PC

Latest price (March 16): 23000.00 yuan / ton

Key points of analysis: after the rise of the domestic PC market, the market’s concern about the stability of the petrochemical supply chain caused by the conflict between Russia and Ukraine has intensified. At present, it has eased, the uncertainty of the situation has increased, the crude oil has fallen, and the remote support of PC has weakened. In terms of supply, some enterprises have maintenance plans, and the benefits on the supply side still exist. At present, due to the rebound of domestic health events, the transportation situation and the production of downstream enterprises are affected, the demand progress is shrinking, and the operators are mostly bearish in the future.

Future forecast: it is expected that the PC market may be weak in the short term.

PVA