SABIC and Covestro announced the rise, up to 4,700 yuan, the price gap between PC and BPA widened, and PC prices continued to decline

SABIC, Covestro announced the rise

There are new price increase letters every day! This time it's SABIC and Covestro's turn, and the products they choose to increase prices are all PCs!

According to GC reports, SABIC has recently announced that it will increase the price of PCs from November 15th by 330-650 euros/ton (about 2426-4778 CNY/ton). The company said that in addition to rising logistics costs, tight supply markets and high raw material costs, there is also a major reason for the increase in Europe's increasingly severe energy problems.

And Covestro, another major European PC manufacturer, also announced that it will increase the price of PCs from December 1st, with an increase of 350-450 euros/ton (approximately 2572-3308 CNY/ton). The reasons for the price increase also mentioned logistics, raw materials and energy issues.

Like most engineering plastics, under the influence of energy shortages this year, PC plastics have been showing an upward trend, especially in Europe, which is most affected by energy. The current market has risen to nearly 3,000 Euros/ton.

Market overview

Last week, the domestic PC market continued its sharp decline. With the widening of the price difference between PC and BPA, the industry start-up office rebounded to wait and see to the preparatory stage. This week, the start of some installations increased, and the industry load increased by 3%. Although the bisphenol A market rebounded rapidly in the second half of last week, the market was consolidating again this week. The PC market mentality in the wait and see also weakened again, the sentiment of market shipments increased, and trading was slow. During the week, domestic manufacturers' prices fell in the range of 500-1200 CNY/ton, and the contradiction between supply and demand was suppressed. Offers continued to fall in various parts of the market, and the decline was obvious across the board. In the second half of the week, some US dollar market offer intentions fell, but there was still a significant gap in market buying and selling intentions, and buying sentiment was limited.

As of Thursday’s close, the low-end PC market in East China is referenced at 23,300-24,000 CNY/ton, down 500-1300 CNY/ton from last week, or 4.0%-5.3%; the mid-to-high-end market reference is 24,000-27,500 CNY/ton. , A decrease of 500 CNY/ton from last week, a decrease of 1.8%-4.0%.