PBT Daily Report: Raw Material Prices Rise, PBT Prices Increase

1 Today's Summary

The price of PBT increased today.

②The Fujian Meizhou Bay (Fujian Haiquan) facility is scheduled to start construction at the end of April.

③ Last week’s PBT output was 17,600 tons, unchanged from the previous period, with a capacity utilization rate of 39.10%.

2 Spot Market Overview

Table 1 Summary of Domestic PBT Prices (Unit: RMB/ton)

In the East China region, the mainstream price of medium and low viscosity PBT resin today is between 10,100-11,000 yuan/ton, an increase from the previous working day. U.S. sanctions on Iran have intensified, raising domestic supply-side concerns and driving PTA prices higher today. BDO continues to receive support from supply-side factors, with producers maintaining a firm stance on pricing. Supported by cost pressures, PBT prices rose today, with actual transactions negotiated in the range of RMB 10,000–10,500/ton. Some producers offered limited discounts ahead of the holiday, but the magnitude of discounts remains small due to ongoing cost pressures.

3 Production Dynamics

Last time, Zhejiang Changhong delayed start-up; Jiansu Changchun had one line under maintenance; Kanghui Xincai had two lines under maintenance; Meizhou Bay was suspended for maintenance. Last period's PBT production was 17,600 tons. Stable, capacity utilization rate: 39.10%.

4 Price Prediction

The assumption that the Strait of Hormuz may remain closed for several months is widely accepted in the energy industry, leading to high volatility in crude oil and raw materials, and a sustained high level of PBT prices. Under the pressure of rising costs, PBT is expected to remain in a high-range fluctuation. Before the May Day holiday, downstream sectors are not eager to stock up, resulting in only sporadic transactions. The market still needs to closely monitor the risk of raw material fluctuations. According to LSR, the price range for medium and low viscosity PBT resin in the East China market is 10,000-11,000 yuan/ton.

5 Related product information                                       

PTA Market : Today's PTA spot price increased by 90 to 6705. For April main port delivery, May contract is at a discount of about 10 or September contract at a premium of 120-130. For May main port delivery, September contract is at a premium of 145-155. The US is intensifying sanctions on Iran, causing concerns about domestic supply, and the absolute price has strengthened with the cost. The spot basis has also strengthened, with buying mainly driven by rigid demand, and market negotiations are light. (Unit: RMB/ton)

BDO Market ： As of the time of publication, today in East and South China BDO Curb market is in a state of waiting and observing, mainstream price reference 8300-8600 Yuan / Ton. The facility is restarting and reducing capacity, with supply-side positive support still in place, and suppliers maintaining a supportive stance. Downstream contract orders are being followed up, while spot transactions are quiet and there is resistance to high prices. Sellers have a moderate trading mentality, conducting transactions based on market conditions, and the market center remains stable. Attention is being paid to more guidance.

6 Data Calendar

Table 2 Domestic PBT Data Summary (Unit: Ton, Yuan/Ton)