Price trend

According to the bulk list data of business society, the domestic PC market rebounded after rising this month, and the spot price was higher than that at the beginning of the month. As of March 29, the reference offer of PC sample enterprises of business society was about 22683.33 yuan / ton, with an increase or decrease of + 1.42% compared with the average price at the beginning of the month.

Cause analysis

The upstream and downstream markets of epoxy resin and propylene oxide products are relatively weak, while the upstream and downstream markets of epoxy resin products are relatively weak. In the middle of the year, due to the sharp correction of international crude oil, the market wait-and-see mood increased, and the bisphenol a market continued its downward trend in the latter half of the year. The terminal demand remained sluggish this month, and the market atmosphere was cold. Offer for profit under the pressure of the carrier. Downstream large enterprises are mostly contract oriented, and it is expected that the short-term bisphenol a market may be difficult to warm up.

Upstream bisphenol a market rose and then fell, and the support for PC cost side was strong first and then weak. In terms of industrial load, some domestic PC enterprises had maintenance at the beginning of the month, and some completed work and production resumption within the month, but the overall load change was limited. In the last ten days of the year, the products of the new production line were put into operation in the field, and the profit of the supply side was gradually diluted out within a month. There was no substantial progress in the tension in Eastern Europe, which affected the finishing of the rise in the far upstream crude oil. Although it rose again in the latter ten days, there were great differences among market participants and the downward transmission of benefits was poor. In addition, the shipment mentality of some businesses is weak, and the domestic market is affected by the health market adjustment.

Future forecast

Business analysts believe that: in March, the domestic PC market rebounded after the rise, the upstream bisphenol a market was under pressure after the rise, and the cost side support for PC changed from strong to weak. In terms of supply, the on-site supply of goods increased slightly. This month, the downstream demand side mainly took the goods contract, and the trading was light. In addition, some regions were restricted by health events, and the market momentum decreased. It is expected that the spot price may continue to be weak in the short term.