Daily Review: The Domestic PC Market Is Stable With Minor Fluctuations, Supply And Demand Continue To Standoff

Market Conditions

On December 11, 2025, the average price of the PC market was 14,085 yuan/ton, an increase of 20 yuan/ton compared to the previous working day, with a growth rate of 0.14%. Today, the domestic PC market remained largely stable with small fluctuations. Currently, there is still favorable supply in the market, supporting firm quotes from holders, with most transactions following market trends. The demand side showed caution, with downstream enterprises mostly consuming their raw material inventory and adopting a wait-and-see attitude towards the rise in raw material prices, leading to slightly stagnant trading. In terms of price: the mainstream negotiation reference for low-end materials in East China is 11,500-11,950 yuan/ton, while the reference for mid-to-high-end materials is 14,550-21,700 yuan/ton.

Table: PC Market Prices

2. Upstream Market Dynamics

Crude Oil: Ukrainian drones struck Russian "shadow fleet" tankers in the Black Sea, coupled with the U.S. seizing tankers near the coast of Venezuela, heightening supply concerns due to geopolitical tensions. At the same time, the Federal Reserve's interest rate cuts provided some support. International crude oil prices closed higher. On December 10, U.S. WTI crude oil for January delivery rose by $0.21 per barrel, or 0.36%, to $58.46 per barrel; Brent crude oil for February delivery rose by $0.27 per barrel, or 0.44%, to $62.21 per barrel. The main SC futures contract for January traded at 444.3 yuan per barrel.

Bisphenol A: The domestic market for bisphenol A is experiencing a slow and stable increase, with buying interest weakening. As the price of bisphenol A continues to rise, downstream buyers are slowing their pursuit of higher prices, resulting in diminished buying interest. Suppliers are quoting prices that are rising slowly and remaining stable, while industry participants maintain a reasonable mindset. Traders are holding firm in their price offerings, and downstream buyers are consuming contract volumes and raw material inventories, resulting in sparse transactions.

3. Future Market Forecast

Spot circulation is limited, and the tight supply at the near end is difficult to alleviate. Buyers and sellers continue to engage in bargaining. The PC market is expected to remain firm tomorrow, with low-end material prices in the East China market ranging from 11,500 to 12,000 yuan/ton and mid-to-high-end material negotiations referencing between 14,500 and 21,700 yuan/ton, with adjustments ranging from 0 to 150 yuan/ton.