Pbt daily report: Weak Raw Material Support Leads To Price Reduction

1 Today’s Summary

Today PBT Manufacturer's quoted price has been reduced.

② Zhejiang Changhong’s facility start-up delayed.

This week PBT Output 1.88 Ten thousand tons, unchanged from last week.

2 Spot Market Overview

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

Based on East China as the benchmark, the mainstream price of medium-to-low viscosity PBT resin today ranges from RMB 9,800 to 11,000 per ton, down from the previous working day. The Middle East conflict continues, but Israel has stated it will suspend attacks on Iranian energy facilities, easing market concerns. Today, PTA raw material prices fell, with structural imbalances in the industry and continued polyester production cuts deepening losses and dampening sentiment. BDO Suppliers are primarily focused on supporting market prices. PBT capacity utilization remains low, inventories are declining, and the rate of price declines is narrowing. Downstream buyers are procuring on a need-to basis, and low-priced resources are hard to find.

3 Production Dynamics

Domestic PBT supply remained stable this week compared to last week. PBT production this period was 18,800 metric tons, unchanged from last week, with a capacity utilization rate of 42.50%.

Figure 2: Trend of Domestic PBT Capacity Utilization Rate (2025–2026)	Figure 3: Comparison of Domestic PBT Profit and Price (RMB/ton), 2025–2026
Data Source: Longzhong Information	Data source: LZZS

4 , Price Prediction

Today, the domestic PBT market has weakened, with high-end transactions being relatively light. Affected by the decline in the price of raw material PTA, market sentiment has become somewhat unsettled, and spot quotations have been reduced. The current geopolitical situation in the Middle East remains tense, and the shipping risk in the Strait of Hormuz is unlikely to be resolved in the short term, with the risk of high volatility in raw material prices still present. The overall fluctuation in the PBT market has increased, and attention should be paid to the trend of raw materials in the future. According to Longzhong Information, the price range for medium and low viscosity PBT resin in the East China market is 9,800-11,000 RMB/ton.

5 Related product information                                       

PTA Market ： Today's PTA spot price is -315 to 6550. For March, the main port delivery 05 is negotiated at a discount of 80-85, and for April, the main port delivery 05 is bid at a discount of 40-70. Overnight, the decline in crude oil has weakened the cost support. The industrial structure is fragmented, and the deepening of polyester production cuts has affected sentiment. The absolute price fell sharply, recovered, and then fell again. The spot basis is generally stable, with cautious buying interest, and the overall trading is light. (Unit: RMB/ton)

BDO Market ： As of the time of this report, the East China and South China regions will... BDO The scattered water market is experiencing relatively strong oscillation, with mainstream prices for reference. 7800-8200 Yuan / Tons. As the settlement period approaches, market participants are mostly adopting a wait-and-see stance. Industry capacity utilization remains low, and cost-side pressures are substantial, leading suppliers to maintain firm pricing sentiment. Downstream contract executions are proceeding, with spot transactions for essential needs negotiated in small volumes at higher levels, shifting the market's focal range upward. Continued attention will be paid to policy guidance for the new month.

6 Data Calendar

Table 2: Overview of Domestic PBT Data (Unit: tons, RMB/ton)