Polycarbonate PC is this year’s “Golden Nine” market can be said to be a war without smoke and mirrors. Since September, with the entry of raw materials BPA led to rising PC under pressure, polycarbonate prices directly to the span of leaps and bounds, a single week up more than 1,000 yuan / ton.

The week before the National Day, although driven by high raw material prices, but in the country is so PC factory ex-factory prices still rose to varying degrees, but the spot price did not continue to follow up, holders prefer to give up the commodity, the center of gravity of negotiations fell significantly. Back after the holidays, “Silver Ten” the first week of the opening month, PC with the Lucy Group opened down 500 yuan / ton, the market in October before the continuation of the market, the PC market is really up and down channel.

These two days to pay attention to the PC market on the material friends can find that most people on the market PC manufacturers have cut prices, what Lucy brand, Lihua a brand, Lotte brand, etc. are falling, the rate of decline is still expanding, some brands directly down 950 yuan a day!

Cost side: before the National Day, Lihua interest BPA 1000 yuan / ton price has been reduced, which may be the later market price paving. bpa as of the 18th, the market price fell sharply. bpa spot price of about 13100 yuan / ton, down 2000 yuan / ton than the first day of work. Its upstream phenol ketone center of gravity fell, or give BPA market will definitely be hit. In addition, some enterprises in East China yesterday cut the factory price, the industry’s confidence in the future market gradually pessimistic, to a certain extent, also gave the factory price BPA market pressure is very high.
Supply side: In mid-October, Jiaxing Teijin 150,000 tons / year, Wanhua Chemical 210,000 tons / year PC all equipment retained the established maintenance plan, when the domestic will have PC October Zhejiang Petrochemical 260,000 tons / year 2 phase will be significantly reduced. PC equipment 2 line storage operation plan, its first phase of equipment will resume full load operation, the supply may increase than before. Zhongsha Tianjin 260,000 tons / year device start-up upgrade, the end of the month Li Huayi 130,000 tons / year device basically resumed operation, in the blue national plastic 100,000 tons / year device restart plans in October. In general, October PC compared with September, the market supply may increase significantly.
On the demand side, the overall consumption of electronic and electrical industries from January to August was poor, with most industries’ output shrinking significantly compared to the same period last year. pc consumption also showed a negative growth trend. However, production and sales in the automotive industry are still growing. According to the Automotive Industry Association, in September 2022, China’s auto production and sales continued to maintain a rapid growth trend, completing 2.672 million and 2.61 million units respectively, up 28.1% and 25.7% year-on-year; new energy vehicle production and sales hit a new record high, completing 755,000 and 708,000 units respectively, up 1.1 times and 93.9% year-on-year. Driven by the relevant policies and macro environment, the number of orders and starts in the downstream modification and plate industries have gradually improved and are expected to continue to pick up in October PC compared to September, and procurement consumption will also increase further. Overall, the raw material bisphenol A continues to fall, the market is still expected to fall. pc reduce cost support. The supply side has incremental expectations, the demand side has slightly improved, the short-term supply and demand contradictions in the PC market is still prominent. It is expected that the “silver ten” of the PC multiple short market factors coexist, or will continue the weak pattern.

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