[PBT Weekly Review] Prices Rise, Game Remains Stalemated Next Week

Market Trends This Week

This week, PBT prices increased. In the East China market, the mainstream transaction range for 1.0 IV virgin resin was 7700-7950 yuan/ton, with a weekly average price of 7785 yuan/ton, up 1.10% week-on-week. Rising PTA prices and stable BDO prices strengthened cost support, coupled with expectations of planned maintenance at major plants, driving prices upward.

Spot Overview

On the raw material side, BDO suppliers are primarily focused on shipments, with spot prices remaining stable; PTA prices surged due to bullish and bearish news competing, further strengthening cost support for PBT. Planned maintenance of major units boosted market sentiment, and continuous demand-driven procurement supported price increases, but downstream resistance to high-priced materials is beginning to emerge.

3. Next week's forecast

The PBT market is expected to remain on the sidelines next week, with mainstream transaction prices ranging from 7700-7950 yuan/ton and an average weekly price of 7825 yuan/ton. PTA may rise first and then fall, while BDO prices remain stable, providing some cost support. However, downstream buyers are increasingly resistant to high-priced goods, and the interplay between weak demand and cost support makes significant price breakthroughs unlikely, leading to overall stability.