SunSirs: China PC Market Continues to be Weak with a Downward Trend

　　According to the data monitored by SunSirs, as of June 15, the comprehensive price of PC market was 26,800.00 yuan / ton, which was dominated by the weak operation of PC in the near future. Compared with the same period last month, the price dropped 6.73%. The price showed a downward trend. From late May to early June, the trend of PC maintained weak operation, with insufficient demand and follow-up power.

　　The PC market as a whole is running in a cold state, with a strong wait-and-see atmosphere and weak negotiation focus. The PC market is dominated by weak operation, and the downstream demand is low, which is difficult to boost in the short term. The upstream BPA is up in a narrow range, and the negotiation price is between 22,500-22,600 yuan / ton. The market transaction atmosphere is general, and the rising space is limited.

　　On June 14, the rubber and plastic index was 771 points, which was the same as the previous day, decreased 27.26% compared with 1060 points (2012-03-14), the highest point in the cycle, and increased 46.02% compared with 528 points, the lowest point on April 6, 2020(Note: period refers to the period from December 1, 2011 to now

　　SunSirs PC analysts think: China PC market will be weak and stable in the short term.