[PC Daily Review] Market Rally Continues

1 Today's Summary

Last week International OriginOil Rise ， ICE Brent crude futures February contract at 63.75, up 0.49 USD/barrel.

②、 Raw material bisphenol A closed at 7475 in the East China market. Yuan/ton, an increase of 100 yuan/ton compared to the previous period.

This week, some domestic PC factories have raised their factory prices by 100-200 yuan per ton.

Today, the domestic PC market maintained a firm upward trend. As of the afternoon close, mainstream discussions for low-end injection molding grades in East China were referenced at 10,850-13,050 yuan/ton, while mid-to-high-end grades were discussed at 14,350-14,800 yuan/ton. The domestic focus rose by about 100 yuan/ton compared to last Friday. At the beginning of the week, several domestic PC factories continued to raise their latest ex-factory prices by 100-200 yuan/ton. The overall spot supply at the production end remains tight. As for the spot market, both East China and South China continued to rise amid fluctuations, with fundamental support still present. Market participants maintain a cautious and moderate mindset, with selling prices continuing to rise. Downstream inquiries and purchases are generally driven by just-in-time needs.

Figure 1: Price Trend Chart of East China PC Market (Unit: Yuan/Ton)	Figure 2: Domestic PC Price Trend Chart by Region (Unit: Yuan/Ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

3 Production Dynamics

Today, the capacity utilization rate of domestic PC factories is at 79.84%; the market price of raw material bisphenol A in East China remains stable at 7,375 yuan/ton, and the gross profit level of the domestic PC industry has decreased by 135 yuan/ton compared to the previous working day, to 162.5 yuan/ton.

Figure 3: Domestic PC Weekly Capacity Utilization Rate Trend Chart	Figure 4: Comparison of Domestic PC Profit and Price (Unit: Yuan/Ton)
Data source: Longzhong Information	Data Source: Longzhong Information

4 Price Forecast

This week, domestic PC manufacturers have mostly taken further measures to raise prices, with the spot market passively following suit, resulting in an overall cautious and watchful atmosphere. In the short term, the overall order situation in the downstream PC industry is average, with limited urgent purchasing needs in the market. The pace of high-price transactions continues to slow down. However, considering that the manufacturers have no pressure on overall spot sales and that social inventory levels remain very low, it is expected that the domestic PC market will maintain a strong trend.

5. Relevant Product Information

BPA Market: Taking the East China region as a benchmark, today the price of BPA in East China closed at 7,475 RMB/ton, in the range of 7,450-7,500 RMB/ton, up 100 RMB/ton compared to the previous trading day, which is in line with the morning expectation. The market in East China continues to show a bullish atmosphere, with a contraction in supply and some enterprises raising their quotations, supporting the suppliers' sentiment. The upward push in prices is relatively unified, and downstream demand is replenishing, with the focus of negotiations widely elevated.

6 Data Calendar

Table 2 Domestic PC Data Overview (Unit: Yuan/Ton)