In the first half of October, the domestic PC market in China showed a downward trend, with spot prices of various brands of PCs generally decreasing. As of October 15th, the benchmark price for the mixed PC of Business Society was approximately 16600 yuan per ton, a decrease of 2.16% from the beginning of the month.

In terms of raw materials, as shown in the figure, the domestic market price of bisphenol A has accelerated to decline after the holiday. Under the influence of the significant decline in international crude oil prices, the prices of phenol and acetone, the raw materials of bisphenol A, have also declined. Due to insufficient upstream support and the recent restart of the Yanhua Polycarbon Bisphenol A plant, the industry’s operating rate has increased and the supply-demand contradiction has increased. This has resulted in poor cost support for PCs.

In terms of supply, after the holiday, the overall PC operating rate in China has slightly increased, and the industry load has increased from about 68% at the end of last month to about 72%. At present, there are individual devices scheduled for maintenance in the short term, but the lost production capacity is not significant, so it is speculated that the impact is limited. The supply of goods on site is basically stable, but there has been a slight increase, which generally supports the confidence of enterprises.

In terms of demand, there are many traditional stocking operations for PC during the peak consumption season before the holiday, while the current terminal enterprises mainly digest early inventory. The volume and price of auctions are shrinking, coupled with the low operating rate of terminal enterprises, increasing the concern of operators about the market. In the first half of October, demand side support for spot prices was limited.

Overall, the PC market showed a downward trend in the first half of October. The upstream bisphenol A market is weak, weakening the cost support for PC. The load of domestic polymerization plants has increased, leading to an increase in spot supply in the market. Traders have a weak mentality and tend to offer lower prices to attract orders. Downstream enterprises purchase cautiously and have poor enthusiasm for receiving goods. Business Society predicts that the PC market may continue to operate weakly in the short term.