Price trend
| PVA 1799 (PVA BF17) |
According to the bulk list data of business society, the domestic PC market fell this week, and the spot price decreased as a whole. As of March 25, the reference offer of PC sample enterprises of business society was about 22700 yuan / ton, with an increase or decrease of + 1.49% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: upstream, the bisphenol a market continued its downward trend this week. At present, the terminal demand is sluggish and difficult to change, and the market atmosphere is cold. Under the pressure of the cargo holders, they offered to make profits. They heard that the inquiry intention on the floor was low, and the differences between the two sides were obvious. The downstream large enterprises are mostly contract based, and other spot goods are difficult to supplement. The on-site transaction volume is obviously insufficient. It is expected that the short-term bisphenol a market may be difficult to warm up.
| POLYVINYL ALCOHOL |
The upstream bisphenol a market fell, weakening the cost side support of PC. In terms of industry load, in the early stage, some domestic PC enterprises returned to work and production after maintenance. At present, although the overall load change is limited, there are new production lines in the field, and the benefits at the supply end have been diluted. Crude oil in the far upstream rose again after falling. There has been no substantial progress in tensions in Eastern Europe, but the downward transmission of benefits is poor. In addition, the health incident has rebounded in some parts of China, the mentality of domestic operators has weakened, market transportation and demand have been affected at the same time, merchants’ offer has been reduced, and shipments tend to follow the market.
Future forecast
Business analysts believe that the domestic PC market fell this week, the upstream bisphenol a market fell, and the cost side has weak support for PC. In terms of supply, the on-site supply of goods increased slightly. At present, the demand side mainly takes the goods contract, and the trading is cold. In addition, some regions are restricted by health events, and the market momentum is lower. It is expected that the spot price may continue to be weak in the short term.
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