The “golden nine” market is still on stage, but the sudden sharp rise “is not necessarily a good thing”. According to the urine nature of the market, “more and more changes”, beware of the possibility of “empty inflation and falling back”.
Now, from the market feedback, the price trend of some brands has been fulfilled. The plastic market also showed a trend of differentiation between rising and falling. The overall rising trend slowed down, while some raw materials stopped rising and retreated. Of course, this is not only the result of the game between the supply and demand sides of the market, but also the impact on market expectations under the influence of various factors.
In general, although the global economic situation in the post epidemic era is difficult to be optimistic, the boost to market confidence in the traditional peak season of “gold, nine, silver and ten” is still effective. In particular, at present, the “Mid Autumn Festival” in China collides with the “teacher’s Day”, and the “National Day Golden Week” comes one after another half a month later. The stimulus of the “three festivals” to the consumer market is self-evident.
The upward reaction is directed to the plasticizing market, and stock preparation before the holiday has become a routine operation, which is expected to improve the traditionally light trading market. However, it should be noted that the downstream demand side is still dominated by rigid demand, and the purchasing side is mostly resistant to high prices. If the increase is too large, the order rate may be low, and the low price may become part of the market mentality.
The polycarbonate market has been rising this week, and the spot prices of various brands have been adjusted. As of September 8, the reference offer of PC sample enterprises was about 17633.33 yuan / ton, up or down by + 2.22% compared with the average price at the beginning of the month.
On the upstream side, the overall operating rate of domestic bisphenol A remains stable, and the factory mainly supplies contract users. Phenol / acetone products continue to rise, which is a good support for the downstream bisphenol a market. However, after a previous round of upward movement, the increase of bisphenol A is limited, and the market maintains a strong operation. From the downstream, the overall demand enthusiasm is not high, the high-level negotiation is insufficient, and the short-term offer of bisphenol A remains strong.
This week, the market of bisphenol A remained strong, and the pressure on PC cost side continued. In terms of industry load, the operating rate of domestic PC enterprises increased narrowly this week, and remained stable at less than 70%. At present, the on-site supply of goods remains abundant, and the pressure on the supply side continues. However, some enterprises have parking plans at the weekend, and supply is expected to be tightened. Downstream demand is still in a weak pattern. Terminal enterprises affected by previous power restrictions and high temperatures are gradually relieved, but the actual demand has not significantly improved. After the rise of PC, the acceptance has decreased, and the stock preparation operation is biased toward just maintaining production, so bargain hunting. PC enterprises are forced by cost pressure to operate with the factory price rising. Businesses follow the market, and the actual transactions are mostly scattered small orders.
This week, the domestic PC market rose, the upstream BPA market was strong, and the cost side continued to put pressure on PC. On the supply side, there are abundant on-site goods, while the demand side is weak. Buyers generally accept the rising price and have a wait-and-see mentality. In the case of no obvious increase in consumption, it is expected that in the short term, the rise of PC spot price will be blocked and the operation will be frozen.
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Post time: Sep-09-2022