I. price trend
According to the data monitored by the business club, today’s market comprehensive price is 14333.33 yuan / ton. There is a strong wait-and-see atmosphere in the downstream. The purchase is just needed, and the transaction atmosphere is flat.
II. Cause analysis
In terms of products: the downstream demand is limited, the rigid demand is dominated, the overall supply is not up to expectations, the delivery is slow, some spot goods are tight, and the cost of imported materials is still supported. Most businesses are cautious to wait and see the actual orders.
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Industry chain: the bisphenol a market in East China has been digested and sorted out. The downstream procurement is not active, and the just need procurement is the main one. The wait-and-see atmosphere is strong. The traders are under pressure to move goods, but the price is stuck. The range reference is 9500-9600 yuan / ton.
On November 28, the PC commodity index was 59.80, flat with yesterday, down 52.56% from 126.05 (2017-12-18), the highest point in the cycle, and up 7.15% from 55.81, the lowest point on November 18, 2019. (Note: cycle refers to 2011-09-01 to now)
III. future forecast
PC analysts of business club think: the domestic PC market is weak and stable in the short term.
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