[PBT Daily Review] Demand Weak, Mainstream Stable

1 Today's Summary

① Today PBT Price negotiation at a low level.

Kanghui New Materials 2 Production line maintenance.

③ This issue PBT Output 2.26 10,000 tons, an increase compared to the previous. Weekly Growth 1.1% Capacity utilization rate 50.94% 。

2 Spot Market Overview

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

Based on the East China region, the mainstream price of medium and low viscosity PBT resin today is between 9300 and 9800 yuan per ton, remaining stable compared to the previous working day. PTA Scattered slight increases were driven by costs, while demand has yet to improve. Prices gave back some gains along with commodities, spot basis continued to strengthen, and transactions for essential demand improved. BDO Bearish sentiment is strong, and prices continue to decline. Today, mainstream PBT offers remain stable, but actual transactions are sluggish, with the market mainly staying on the sidelines.

3 Production Updates

This period, Zhejiang CHANGHONG operated at a low load; two lines at Kanghui New Materials underwent maintenance; two production lines at Xinjiang Lanhshan Tunhe were shut down; and one 100,000-ton production line at Wuxi Xingsheng was shut down. . PBT production in the current period was 22,600 tons, compared with the previous... Weekly growth was 1.1%, and capacity utilization was 50.94%.

Figure 2 Trend Chart of Domestic PBT Capacity Utilization Rate from 2025 to 2026	Figure 3 Comparison of Domestic PBT Profits and Costs in 2025–2026 (yuan/ton)
Data source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction

The United States has sent positive signals regarding U.S.-Iran talks, easing geopolitical tensions and supply concerns, leading to a decline in international oil prices. Today, the price of the raw material BDO edged down within a narrow range, while PTA lacked upward momentum. With the off-season approaching, purchasing enthusiasm for PBT is weak, and PBT prices are expected to decline in the future. According to Longzhong Information, prices for low-to-medium viscosity PBT resin in the East China market are forecast to be in the range of RMB 9,200-9,600/ton.

5 Relevant Product Information                                       

PTA Market : East China Market PTA Spot price +10 To 6450 。 6 Monthly Main Port Delivery Report 09 Premium 185-230 premium on progressive price increase 183-220 Transaction completed. The industrial supply and demand continue to reduce inventory, and the linkage between futures and stocks boosts sentiment, leading to a rapid rise in absolute prices in the morning. In the afternoon, prices returned to the cost level, with no substantial improvement in demand, and absolute prices retracted some of their gains. Due to local shortages, mainstream suppliers are holding prices and selling, resulting in a continued strengthening of the spot basis. The buying interest is driven by essential needs, and market discussions have increased. (Unit: Yuan) / (Tons)      

BDO Market : DeadlinePress release, today in East China and South China. BDO The bulk water market continues to decline; mainstream price references. 7800-8050 Yuan / Ton. The current support from both supply and demand sides is generally weak, and market participants are cautiously bearish. Holders lack confidence in trading, and actual deals are being negotiated at concessions to promote sales. The market is fluctuating downward, and attention should be paid to the afternoon auction results.

6 Data calendar

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