Key Highlights
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PC prices in Asia continued to decline through late August, driven by oversupply and weak downstream demand.
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Domestic PC producers maintained high operating rates, averaging xxx, with weekly output nearing xx,xxx tons.
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Inventory levels remain elevated, creating a supply stalemate and adding pressure on producers.
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Bisphenol A remained at subdued price levels, providing minimal cost support for PC even as upstream phenol and acetone prices fluctuated.
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Downstream demand remains sluggish, with no signs of restocking or recovery in factory loads.
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Traders face financial strain, leading to increased discounting and slow circulation of goods.
The Asian PC market also remained under pressure during the last week of August, with prices further declining owing to continued oversupply and weak demand. Market players indicate that even as production levels have remained stable, the market is still dull, with no indications of recovery in the near future.
