Pbt daily report: Prices Adjusted Downward Amid Weak High-End Demand

1 Today’s Summary

① Today PBT Manufacturer's quoted price has been reduced.

② Zhejiang Changhong plant startup delayed.

Last week PBT Output 1.88 Ten thousand tons, an increase from last week. 0.14 Ten thousand tons, growth rate 8.05% 。

2 Spot Market Overview

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

Based on East China as the benchmark, the mainstream price of low-to-medium viscosity PBT resin today ranges from RMB 9,700 to 11,000 per ton, down from the previous working day. Crude oil prices fell, leading to a decline in PTA feedstock prices today. Buying sentiment remained cautious, with spot supply relatively ample. BDO suppliers mainly maintained firm price intentions. PBT production cost pressures eased slightly, prompting price reductions to stimulate sales. Downstream buyers made only small, needs-based purchases, resulting in quiet market activity.

3 Production Updates

Last week, the PBT production was 18,800 tons. Increased by 0.14 million tons, an increase of 8.05%, with a capacity utilization rate of 42.50%, an improvement of 3.33%.

4 Price Forecast

5 , Relevant Product Information                                       

PTA Market ： PTA spot price today -185 to 6775. March main port delivery quoted 05 at a discount of 55-75, with the bid at a discount of 65-100. Positive factors from outside were somewhat digested, while negative factors from downstream industries were released. The absolute price fluctuated significantly during the day. The spot market was relatively loose, the basis remained weak, buyers were cautious in their purchases, and overall trading was light. (Unit: RMB/ton)

BDO Market ： As of the time of writing, today in the East China and South China regions BDO The scatter water market fluctuates within a range, with the main price for reference. 7600-8000 Yuan / Ton. The equipment side fluctuates frequently, and the supply side still has support, with suppliers mainly maintaining the price, limiting the trading space. The downstream maintains contract follow-up, with small orders for spot demand slightly higher in transactions. The market is in a strong fluctuation trend, but the overall trading atmosphere is average.

6 Data Calendar

Table 2 Domestic PBT Data Overview (Unit: Ton, CNY/Ton)