PC market: Quiet? It doesn't exist that situation

PC ends the first quarter of 2022 on a "solid" note. Will the PC market stop in April? The answer is - no! Gold will always shine, PC in the first quarter after a long hibernation, with the previous parking, production reduction device restarted one after another, new devices put into production and other factors to stimulate the return from the Qingming holidays, the frequency of adjustment is significantly increased.

The following follow me to briefly review the recent PC market trends!

Bisphenol A, the existing domestic bisphenol A producers 10, of which only 3 2 quarter stock established maintenance plan, 2 quarter, 4 producers are expected to stock production plans, the total domestic production capacity will be more than 3.3 million tons / year, an increase of 65.34% compared to 2021, the supply of substantial relief. bisphenol A prices since April basically maintain range oscillation, the magnitude of change is not large.

As of the 11th, East China bisphenol A price 16500-16600 CNY/ton, compared with the beginning of the low end of the price increase of about 50 CNY/ton.

Due to the impact of the epidemic and other factors, logistics and transport in East China is blocked, the start-up load is limited, the slow circulation of the spot, the actual transaction to maintain a small single. Overall, if the domestic epidemic is under control later, logistics and transportation resume, that bisphenol A prices are still expected to move upward.

Production enterprises, since April, the previous parking devices have restarted. The new production units Zhejiang Petrochemical, Zhongsha Tianjin and Hainan Huasheng 3 sets of 260,000 tons / year PC plant start-up tends to stabilize, although the 2 quarter Pingmei Shenma 100,000 tons / year PC plant put into production or again pull down the industry average start-up level, but it is difficult to offset the former industry brought Therefore, in the short term, the supply of domestic PC will increase significantly.

On the other hand, the tension in Eastern Europe is burning and the news is confusing, and the market is divided, affecting the distal upstream crude oil, but the price is still at a high level, but the cost conduction effect is general.

Downstream market, the recent epidemic, some domestic areas are not optimistic, market transport and demand by its impact and shrinkage, the industry's mentality has turned weak, business offerings down, shipments to the market as it is.

In summary, the raw material bisphenol A is expected to be difficult to get rid of the low oscillation pattern, the cost of PC support is limited. On the supply side, the field sources are expected to further increase. On the demand side, spot trading is relatively light, the field to deliver the majority of the previous contract. In the short term, the PC market in April is difficult to maintain a "steady" trend as in the first quarter, and will continue to be under pressure to go lower.