[PBT Daily Review] Raw Material Support Limited, PBT Market Observing Trends

1 Today's Summary

This week's PBT manufacturers' quotes remain stable overall.

This week, there is less maintenance on the PBT equipment.

③ The PBT production for this period is 22,600 tons. Capacity utilization rate is 53.14%, remaining stable compared to the previous period. 。 This week's average PBT gross margin in the country is-343 yuan/ton, down 19 yuan/ton month-on-month. 。

2 Spot Overview

Based on the East China region, the mainstream price for medium to low viscosity PBT resin today is between 7450 and 7750 RMB/ton, remaining unchanged from the previous working day. Today, the PBT market is operating with a wait-and-see approach, the PTA market continues to be weak, and the BDO market is experiencing narrow fluctuations. The support from the raw materials side is average, and as the weekend approaches, the PBT market news is relatively quiet, with negotiation focus fluctuating within a range. ， According to Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,450-7,750 yuan/ton.

3 Production Dynamics

There is little change in the PBT unit during the week. The PBT unit at Meizhou Bay, Fujian (Fujian Haiquan) is undergoing continuous maintenance. The domestic PBT supply remains stable. The PBT production for this period is 22,600 tons. Capacity utilization rate is 53.14%, remaining stable compared to the previous period. 。 This week's average domestic PBT gross profit is-343 yuan/ton, a decrease of 19 yuan/ton compared to the previous period. 。

Figure 2: Trend of Domestic PBT Capacity Utilization Rate in 2025	Figure 3 2025 Domestic PBT Profit and Price Comparison Chart (Yuan/Ton)
Data source: Longzhong Information	Data Source: Longzhong Information

4 "Price Prediction"

It is expected that the PBT market will continue to operate weakly. On the raw material side, the main PTA producers have reduced their operations due to certain reasons, resulting in a slight reduction in supply. The balance sheet shows expanded destocking, but there are many external instabilities, leading to a generally sluggish trend in commodities and a strong sense of pessimism within the industry chain. In the short term, the PTA spot market is expected to maintain a volatile pattern. As for BDO, with the settlement period approaching, market participants mainly adopt a wait-and-see attitude, with few spot negotiations as contract orders are being fulfilled. Costs are unlikely to provide effective support, and sentiment in the PBT market remains pessimistic. In a buyer's market, there is still a risk of further decline in the market focus. Therefore, Longzhong expects that tomorrow the price of medium-low viscosity PBT resin in the East China market will be around 7,450-7,750 RMB/ton.

5 Related product information

PTA Market: Today's PTA spot price is down 20 to 4340. The October main port delivery 01 bid is at a discount of 80-85, with warehouse receipts at a discount of around 50. It is heard that the 01 bid for October was traded at a discount of 80-85. The November main port delivery 01 bid was traded at a discount of around 65. The absolute price experienced a downward fluctuation during the day, with weak macroeconomic conditions and weak cost persisting. The liquidity in the spot market has slightly narrowed, and the spot basis has improved slightly. Overall trading is moderate. (Unit: yuan/ton)

BDO Market: As of the time of writing, the mainstream negotiation price for spot bulk water in East China is 7300-7500 yuan/ton, and for packaged products, it is 8300-8500 yuan/ton (delivered on acceptance), remaining flat compared to the previous period. Today, the BDO market in East China is operating with a wait-and-see approach. Currently, supply-side support still exists, and suppliers are maintaining market stability. As the settlement period approaches, downstream demand is cautious, with just-in-time purchases following the necessary demand, leading to a weak and stable market outlook.

6 Data Calendar

Table 2 Overview of Domestic PBT Data (Unit: Tons, Yuan/Ton)