Japan's raw materials have generally risen, and PCs have fallen significantly this week, with a maximum of 1500

Japanese materials skyrocket

▶ Tosoh Co., Ltd. issued three price increase letters in a row on May 28 to cope with the impact of rising costs of raw materials and other materials. It announced that it would increase the prices of some products starting on June 21. The increase is as follows:

PE resin and PE paste resin will increase by 12 yen/KG (about 698 CNY/ton);
PPS base resin is increased by 95 yen/KG (about 5529 CNY/ton);
PPS polymer resin increased by 60 yen/KG (about 3492 CNY/ton).

▶ Japanese printing ink and pigment resin giant DIC announced on June 2 that it will increase its polystyrene (PS) products and styrene series products on July 1. The up-regulated products include styrene, GPPS, HIPS, and elastic ethylene, all with an increase of 27 yen/KG (approximately 1,572 CNY/ton) or more.

▶ The global silicone giant Shin-Etsu Chemical announced on June 2 to increase the company's polyvinyl chloride (PVC) resin price from July 1 by 10 yen/kg (about 582 CNY/ton).

▶ DENKA (Nippon Denka Co., Ltd.) announced on June 1 that from June 15 on, 9 products including ABS, AS, and ABS/PC alloys will all be raised by 25 yen/kg (approximately 1455 CNY/ton).

▶ PS Japan Co., Ltd. announced on June 1 to increase the price of its polystyrene (PS) by 27 yen/kg (approximately 1,572 CNY/ton) from July 1.

▶ Sumitomo Bakelite Co., Ltd. announced on June 1 that starting from July 1, the company's food packaging multilayer film, sheet and various industrial composite films will increase prices by more than 10%.

▶ Toray Co., Ltd. announced on May 20 to increase the price of the company’s PPS resin starting on June 1. The increase is as follows:

PPS base resin is increased by 80 yen/KG (approximately 4658 CNY/ton);
PPS polymer resin increased by 50 yen/KG (approximately 2,911 CNY/ton).

▶ BASF Japan announced on May 21 that the price of plastic additives in BASF's Japan branch will increase by up to 20% from now on due to the increase in plastic additives at the BASF headquarters.

▶ On May 20, Japan's Zhongyuan Chemical announced that it would increase the company's polyvinyl chloride (PVC) resin price from June 15 by 10 yen/kg (about 582 CNY/ton).

Market overview

This week, the PC market saw a significant decline.

Influencing factors
Prices in some domestic factories continued to drop at the beginning of the week, and most factories suspended their offers and just needed real-order negotiations. Merchants' trading mentality is weak, low-end prices in the market have fallen significantly, and shipment sentiment continues to be high. The sharp decline has curbed buying sentiment, and some just need to wait and see, and temporarily postpone the replenishment of inventories. In the second half of the week, the bisphenol A market stopped falling and gradually rebounded. The PC market mentality was cautious and wait-and-see, and the weak trading situation showed limited improvement.

Market outlook forecast
The market pays attention to manufacturers' trading mentality and the slowing down trend.