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Pbt daily report: PTA Surge Provides Floor, Market Holds Prices Amid Observation

Plastmatch 2026-02-24 17:56:20

I. Today's Summary

Today, domestic PBT manufacturers’ quotations remained stable, and Wuxi Xingsheng’s PBT plant commenced operations smoothly.

Before the holiday, PBT production dropped to 17,800 tons, with capacity utilization falling to 40.27%, alleviating some of the supply-side pressure.

The raw material end shows differentiation, with a significant rise in PTA prices providing strong cost support, while the BDO market remains (translated as 'flat' or 'lackluster'). To better fit the context, I'll refine the last part: The raw material end shows differentiation, with a significant rise in PTA prices providing strong cost support, while the BDO market remains lackluster.

II. Spot Market Overview

Today's domestic PBT spot prices and performance of upstream raw materials (unit: yuan/ton) are as follows:

(Image source: Longzhong)

East China PBT (Medium-Low Viscosity Pure Resin)7750–8000, stable

Key upstream PTA (East China)5,285, up 155, up 3.02%

Key upstream BDO (East China bulk water)7300-7500, stable

Regarding market trading activities, the PBT market remained stable on the first trading day after the holiday. Although the sharp increase in PTA prices provided strong cost support, downstream factories are still in the initial phase of resuming operations, with many having undergone maintenance shutdowns prior to the holiday; currently, they are primarily focused on inventory digestion and fulfilling urgent order requirements. Inquiries in the market have increased compared to pre-holiday levels, and market sentiment has slightly improved. Traders are holding firm to their bottom-line quotations, resulting in an overall market posture of price maintenance and cautious (observation).

III. Market Forecast

The short-term East China PBT market will remain range-bound between 7,750 and 8,000 RMB/ton.。

Cost sideCrude oil strengthened during the holiday period and geopolitical tensions bolstered PTA prices, providing solid downside support for the PBT market.

Supply SideThe industry's production capacity was low before the holiday, effectively alleviating the pressure on the supply of goods.

Demand side Translate the above content into English, output the translation result directly, without any explanation.As downstream enterprises gradually resume operations, market inquiry activity has increased, and demand is expected to gradually recover, though the pace of short-term recovery remains slow.

Overall, under the confrontation between cost support and demand recovery, the PBT market is expected to remain stable in the short term, waiting for actual transactions to follow up.

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Pbt daily report: PTA Surge Provides Floor, Market Holds Prices Amid Observation

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