The rebound of bisphenol A was hindered and fell 3000, and the price difference with PC expanded to 5000 yuan

Recent PC industry chain analysis

The start of the domestic PC industry continued to decline. According to statistics, the operating rate of the domestic PC industry this week was only 37.71%, a decrease of 7.54% from last week and a decrease of 22.14% from the same period last year.

During the week, the number of domestic PC parking and production reduction devices continued to increase, and the number of companies involved increased to 9:

Among foreign-funded enterprises, the Jiaxing PC factory has entered the scheduled maintenance period from the 14th;

Among the state-owned enterprises, a PC plant in Shandong was shut down again on the 18th due to a problem with the upstream caustic soda plant. Another plant was shut down on the 19th due to a steam problem. An industrial chain integration plant was maintained at 75% (overall start Continued to be lower than last year), a PC factory in Zhejiang maintained a single-line operation due to power curtailment issues.

In addition, the restart plans of the PC factories in Sichuan and Henan are still unclear. The Hubei factory has been shutting down for a long time, and only the Hebei factory has a restart plan in recent days.

In 2021, PC prices are mainly driven by bisphenol A. At the beginning of the year, as the price of bisphenol A rose rapidly, and the relative upward range of PC was insufficient, the price difference between the two quickly narrowed and began to show an upside-down trend; after mid-May, with the price of bisphenol A falling broadly, the relative decline of PC was limited. The price difference was able to hang smoothly and lasted until the beginning of July; from July to mid-September, the price difference between the two continued to be small, and the PC industry suffered serious losses; beginning in late September, BPA once again fell sharply at a high level, and the price difference between the two was gradually Return to more than 2500 CNY/ton.

After the National Day, the BPA market showed a short-term rebound, but it continued to fall after 12 days. As of October 20, the BPA spot fell by 3000 CNY/ton to 21,050 CNY/ton, and the Zhejiang factory's BPA bidding was higher. The weekly decline was RMB 2,600/ton. The price difference with PC widened from 3750 CNY/ton to more than 5000 CNY/ton, and the overall bearish atmosphere in the PC industry increased.

Affected by the news that new devices were put into production within the month, the negative pressure still exists. However, as the market price is again approaching the end of the year, the industry atmosphere is confused and the outlook for the market is temporarily unclear; and although the PC industry has started to hit the lowest level during the year, the circulation spot is generally biased. However, it still fails to effectively support the market mentality. The industry’s mentality is confused and pessimistic, and the willingness to ship with them is obvious. Consumption constraints, the follow-up of downstream buying is scarce, just wait-and-see mainly for purchases.

At the end of the month, there are still many variables in the further development of the bisphenol A market, and the development of the PC market still needs to continue to pay attention to raw materials.

Market overview

Influencing factors

Domestic PC market sentiment continued to be sluggish, high-level offers still fell, real orders were cautiously traded, and negotiations were just needed depending on the volume.

Market outlook forecast

The main raw material, bisphenol A, continues to fall, and the market is weak and cautious. The recent negotiation is mainly needed, and the weak and volatile situation continues.