The domestic Polycarbonate market continued to rise. Yesterday morning, there was not much information about the price adjustment of domestic PC factories, Luxi Chemical closed the offer, and the latest price adjustment information of other companies was also unclear. However, driven by the market rally last week, and the continued sharp rise of raw material bisphenol A, all supported the market mentality. The offer of East China and South China markets continued to rise sharply, and the morning firm offer was temporarily limited; In the afternoon, the news of a sharp decrease in the supply of Shandong PC factories and an increase in factory delivery was released. In addition, the supply of goods from South China factories decreased significantly this week, and the factory price continued to rise by 400 yuan/ton, further boosting the market. It is expected that the domestic PC spot market will rise slightly this week, and the price of Covestro 2805 in South China will be 17000 yuan/ton.

1. Polycarbonate production capacity and output utilization rate reached a new high
In 2022, with the further release of China’s new PC capacity and the continuous improvement of the integration level of the industrial chain, although the trend of PC and BPA has been differentiated in the near future, the overall capacity utilization rate of the industry continues to rise, and most PC devices have a stable starting situation, so the domestic PC output will increase significantly. According to data statistics, the domestic PC output reached 172300 tons in August, and the capacity utilization rate also reached a high level of 65.93%, the highest level for both companies in recent two years.
2. Raw material bisphenol A rose nearly 2000! Joint price adjustment by PC manufacturers
Although PC prices have been falling frequently since August, BPA prices have continued to rise, and the price difference between the two has been narrowing. This round of increase in BPA was boosted by the continuous increase in raw material phenol and ketone. In addition, BPA factories jointly set prices, and Zhejiang Petrochemical’s BPA bidding price was raised several times in a single week. The market atmosphere was improved and the price was rising. In the short term, BPA prices will remain high.
As of September 19, the price of bisphenol A in East China was about 14000 yuan/ton, up nearly 2000 yuan/ton from the beginning of September.
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Affected by the pressure of high cost, the PC spot market has once again opened the mode of pushing up!
3. The lagging demand for polycarbonate has become the key factor hindering the market
At present, the lag of downstream demand has not been alleviated, and the terminal enterprises are still affected by many factors (early power rationing is the main factor), so the commencement is limited. After the rise of PC, the acceptance is reduced, and the stock operation is biased to maintain production and buy on bargain.

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