Price Trend
According to the data monitored by business associations, PC market prices fell slightly in early April. As of April 4, the mainstream offer price of domestic producers and traders was 19666.67 yuan/ton.
II. Cause Analysis
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PC upstream bisphenol A market declined slightly at the beginning of the month, business confidence is insufficient, downstream factories still have inventory, just need to purchase, demand weakened, and the market is generally bearish, the outlook may be poor. Affected by it, the quotation of merchants is loose and the quotation is falling. The cost support of PC market in China is insufficient. The domestic PC plant has a good start-up rate and the production capacity of individual factories is gradually rising. The main theme of the contradiction between supply and demand remains unchanged, the turnover is light, the downstream demand is slow, and the quotation is reduced.
3. Future Market Forecast
PC analysts at business associations believe that the domestic PC market is weak in early April, and the recent trend is likely to continue the weak consolidation.
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