[pc daily review] market volatility eases

1 Today's Summary

Tuesday International OriginalOil Decline ， ICE Brent Crude Futures February Contract 61.94 down 0.55 USD/barrel.

②、 The closing price of raw material Bisphenol A in the East China market is 7525. Yuan/ton, stable compared to the previous period.

③. There are currently no updates on price adjustments for domestic PC factories.

The domestic PC market saw narrow fluctuations today. By the afternoon close, mainstream discussions for low-end injection molding materials in East China were referenced at 10,900-13,000 yuan/ton, while mid-to-high-end materials were discussed at 14,350-14,800 yuan/ton, with the overall focus remaining stable compared to yesterday. Domestic PC factories have not announced any new ex-factory price adjustments, and the second phase of Zhejiang Petrochemical's PC plant has entered a full shutdown for maintenance. In the spot market, East and South China are largely stable, with recent market increases being significant, but downstream high-price follow-up is slowing down. Industry participants are inclined to stabilize prices and conduct transactions accordingly. However, under the expectation of continued low supply, the focus of discussions remains firm.

Figure 1: East China PC Market Price Trend Chart (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 price of raw material bisphenol A in the East China market remains stable at 7,525 yuan/ton, and the profit margin of the domestic PC industry is stable compared to the previous working day, at 177.5 yuan/ton.

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

4 Price prediction

With the second phase of Zhejiang Petrochemical's PC plant entering its scheduled maintenance period, the recent tight supply situation of domestic PC resources is expected to continue, providing relatively strong support for market prices. However, downstream terminal orders are generally average, and raw material inventory consumption is slow, leading many to adopt a wait-and-see attitude towards high-priced PC. Market transactions are gradually slowing down, with industry players mainly stabilizing and selling according to current conditions. As buyers and sellers confront each other, the domestic PC market is expected to remain stable, primarily digesting the price increases. Attention should be paid to downstream procurement activities.

5. Related Product Information

Bisphenol A Market: Based on the East China region as the benchmark, today East China's Bisphenol A closed at 7,525 yuan/ton, ranging between 7,500-7,550 yuan/ton, remaining stable compared to the previous trading day, in line with the morning expectations. Today, the East China market saw high-level consolidation. Although some enterprises in East China increased their quotations by 50 yuan/ton in the morning, most operators did not follow the upward trend enthusiastically. The downstream purchasing activity was not high, with limited inquiries, and few transactions heard in the market. High prices were difficult to transact, and the focus of mainstream negotiations did not fluctuate significantly.

6 Data Calendar

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