Price trend
| Gamma Polyglutamic Acid |
According to the bulk list data of the business agency, the domestic PC market fell in February, and the spot prices of various brands were generally reduced. As of February 28, the reference offer of the sample PC enterprises of the Business Club was about 16466.67 yuan/ton, up and down by – 5.64% from the beginning of the month.
Cause analysis
In terms of raw materials: it can be seen from the above figure that the market demand for bisphenol A is low and the market is weak this month. The raw material phenol/acetone rose, and the decline in the factory price of bisphenol A plant tightened under the support of cost. However, the demand side is hard to be stimulated by good news. It is expected that BPA will have a high probability of fluctuation around the cost. In the later stage, it will continue to pay attention to the raw material market and downstream demand information.
| Gamma Polyglutamic acid food grade |
Supply: In February, the total PC load in China was more than 70%, the operating rate was the highest in recent years, and the pressure at the supply side was too high. At the same time, there was news of new devices being put into operation recently. The flow of domestic goods is sluggish, and the pressure on the supply side is also increased.
In terms of demand: In February, the downstream of PC just needed to maintain production, and the operators had a heavy wait-and-see attitude. At present, the resumption of work of terminal enterprises is slow, and there is pre-holiday inventory that needs to be digested, resulting in weak intra-field trading. The traders’ mentality is weak, and the operation is biased to yield profits and take orders.
Aftermarket forecast
In February, the PC market fell, the upstream bisphenol A market weakened, and the PC cost support weakened. The domestic polymerization plant load is at a high level, while the demand side is weak in follow-up, and the pressure on the supply side is increasing sharply. It is expected that the PC market will continue to weaken due to the impact of supply and demand contradiction in the near future.
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