[PBT Daily Review] Rising Costs, but Prices Struggle to Increase

1 Today's Summary

Today PBT Price negotiation at a low level.

Kanghui New Materials 2 Production line maintenance.

③ Last issue PBT Yield 2.24 10,000 tons, unchanged from last week, capacity utilization rate 49.84% 。

2 Spot Overview

Table 1 Domestic PBT Price Summary (Unit: Yuan/Ton)

Using East China as the benchmark, mainstream prices for low-to-medium viscosity PBT resin today are 9,300-9,900 yuan/ton, with the high end continuing to decline from the previous working day. Geopolitical risks persist, visible inventories continue to decline, and transactions are mainly driven by rigid demand. PTA Prices continued to rise. Supply-demand pressure for BDO remained, and prices edged down. Cost support was unable to offset sluggish demand; today, PBT was adjusted downward from a high level, transactions were thin, and the market was mainly wait-and-see with a bearish outlook.

3 Production Dynamics

In the previous period, Zhejiang Changhong operated at a low load; two lines at Kanghui New Materials were under maintenance; two production lines at Xinjiang Lanshan Tunhe were shut down, and one 100,000-ton production line at Wuxi Xingsheng was shut down. Last week, PBT output was 22,400 tons, unchanged, with a capacity utilization rate of 49.84%.

4 Price prediction

The negotiations between the US and Iran have seen repeated fluctuations, with geopolitical premiums and demand risks coexisting in oil prices. Today, the prices of raw materials PTA and BDO showed mixed trends. Although costs are supported, the arrival of the off-season has led to low procurement enthusiasm for PBT, and the market outlook for PBT is predicted to be weak. According to Longzhong Information, the price range for medium and low viscosity PBT resin in the East China market is forecasted to be 9,200-9,800 yuan/ton.

5 Related product information                                       

PTA Market : As of the deadline, the East China market PTA Price increase, negotiation 6470 Nearby. 6 Monthly Main Port Delivery Report 09 Raising water 210 Nearby, the price of the tray rises. 180-200 Business negotiations have been concluded. Geopolitical risks continue, and visible inventories are being reduced. This morning, absolute prices and spot basis have strengthened, with transactions mainly driven by demand. (Unit: Yuan) / (Tons)

BDO Market ： As of press time, today in East China and South China BDO The watering market is weakly declining, mainstream prices are as follows. 7850-8050 yuan / Short-term supply-demand pressure still exists. Cautious bearish sentiment in the market continues. Downstream buyers mainly follow up on rigid demand contracts, while spot trading remains sluggish and negotiations are subdued. Holders offer in line with the market, and the futures/spot market remains weak and volatile, awaiting further guidance.

6 Data Calendar

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