The Decline in The Raw Material Bisphenol A Widened Last Week

Last week, the decline of the raw material Bisphenol A expanded, and the negative pressure on the PC cost side increased; recently, the domestic PC industry has seen a steady increase in the start of construction, and the supply of goods by manufacturers has remained abundant, and the supply of goods in the spot market is sufficient. Consumption is sluggish, downstream buying orders are scarce, and the delivery volume has always been sluggish. The contradiction between supply and demand has become the main factor driving the market to continue to decline. At present, the market has fallen to the lowest level since 2021, but the actual effect of promoting orders is not good. Both buyers and sellers are pessimistic and bearish, and trading is almost stagnant. It is expected that the domestic PC market will be further under pressure and bottom out this week. The price of Covestro 2805 in South China is 18,500 CNY/ton. (tax not included)