Price trend
| PVA |
According to the bulk list data of the business agency, the domestic PC market fell this week, and the spot prices of various brands were generally reduced. As of March 10, the reference offer of the sample PC enterprises of the Business Club was about 16333.33 yuan/ton, up – 0.81% from the beginning of the month.
Cause analysis
In terms of raw materials: it can be seen from the above figure that the recent bisphenol A market is weak, phenol and acetone at the raw material end are strong, and the cost of downstream bisphenol A plants is increased. However, the downstream epoxy resin and other products continued to be sluggish, with insufficient orders, and the demand side was negative for the market. In addition, the supply of bisphenol A is sufficient, resulting in an increase in the contradiction between supply and demand. It is expected that bisphenol A will be weak in the short term.
On the supply side, the overall operating rate of domestic PC fell to about 69% this week, which was lower than that in the previous period but still at a high level year-on-year,. In addition, there has been a new capacity to release the negative market, and there will be a resumption of production line next week. On the whole, the supply side has insufficient support for the spot.
Demand: Recently, the downstream of PC just needs to maintain production, and the operators have a heavy wait-and-see attitude. At present, the starting position of the terminal enterprises is not high, and there is a certain stock of raw materials that needs to be digested, and the on-site delivery is weak. The traders’ mentality is weak, and the operation is biased to yield profits and take orders.
Aftermarket forecast
The PC market fell this week, and the upstream bisphenol A market weakened, weakening the support for PC costs. The load of domestic polymerization plants was reduced in a narrow range, but it was still at a high level. At the same time, the demand side failed to follow up, and the pressure on the supply side increased sharply. It is expected that the PC market will continue to weaken due to the supply and demand contradiction in the near future.
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