I. price trend
According to the data monitored by the business club, the PC market price is weak and down. As of October 24, the self raised price in East China market is 14300-17000 yuan / ton, and the middle and high-end negotiation is 16500-17900 yuan / ton.
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II. Cause analysis
Domestic PC manufacturers have continuously and substantially reduced the factory price, which has depressed the overall market mentality. Although the current PC price has gradually approached the lowest position in history, under the background of fierce supply and demand contradiction, most of the operators have no expectation of bottom reading and are cautious to wait and digest the inventory. Generally speaking, the market mentality and manufacturer operation will continue to dominate the market in the near future, and the decline pattern will continue. Today, the price of injection grade low-end materials in East China market is 14300-17000 yuan / ton, and the price of middle and high-end materials is 16500-17900 yuan / ton.
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On October 23, the rubber and plastic index was 679, down 4 points from yesterday, 35.94% from 1060 (2012-03-14), the highest point in the cycle, and 17.88% higher than 576, the lowest point on December 21, 2015. (Note: cycle refers to 2011-12-01 to now)
III. future forecast
PC analysts of business club believe that the domestic PC market will maintain a slow downward trend in the near future.
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