PBT Daily Report: Supply And Demand Remain Steady, Market Stable

1 Today's Summary

Today PBT Manufacturer's high price is stable.

② This week, Zhejiang Meiyuan and Jiangsu Keyilai PBT Start up the unit.

③ Last week PBT Output 1.68 10,000 tons, an increase from last week 0.048 10,000 tons, growth rate 2.94% Capacity utilization 37.97% , an increase from last week 1.08% 。

2 Spot Market Overview

In the East China region, the mainstream price of low-to-medium viscosity PBT resin today ranges from RMB 8,000 to 8,500 per ton, remaining stable compared to the previous working day. Territorial disputes continue to escalate, oil prices drive raw materials higher, Today, PTA continues to rise; in terms of BDO plant operations, the start-up rate has declined, with suppliers mainly holding a firm market mentality. The downstream inquiry atmosphere is active, but actual transaction volumes are currently limited. Today, PBT downstream factories have gradually resumed production, focusing mainly on digesting previous stockpiles, with very few new orders, and a strong wait-and-see attitude.

3 Production Dynamics

This week, PBT production capacity increased, with supply expected to rise. Jiangsu Keyilai and Zhejiang Meiyuan have resumed production. Zhejiang Changhong's start-up date has been delayed. Kanghui plans to inspect one 60,000-ton production line in early March, with an estimated duration of one month; Yizheng Petrochemical's 120,000-ton large line is under maintenance at the end of February, and is expected to restart in mid-March. The market is expected to face limited supply pressure.

4 Price Forecast

PBT prices are expected to continue rising. The ongoing tensions in the Middle East have driven consecutive increases in raw material PTA prices, raising PBT production costs and leading to significant price hikes. BDO prices remain stable at elevated levels. Due to rising raw material costs, PBT operating rates remain low, easing inventory pressure. With increased downstream restocking, the PBT market is anticipated to trend steady with a bullish bias. Longzhong forecasts that medium-to-low viscosity PBT resin prices in East China will range between RMB 8,100–8,500 per ton.

5 , Relevant Product Information                                       

PTA Market Today, the PTA spot price rose by 70 yuan/ton to 5,605 yuan/ton. For this week and next week, the main port delivery May contract traded at a discount of 40–55 yuan/ton; for deliveries before month-end, the main port delivery May contract traded at a discount of 40–45 yuan/ton. Early in the day, profit-taking occurred; after a pullback from elevated absolute prices, prices rebounded. In the afternoon, absolute prices rose in tandem with increasing costs, and the spot basis strengthened. Downstream buyers remained cautious, resulting in generally sluggish trading. (Unit: yuan/ton)

BDO Market ： As of press time, the BDO bulk market in East and South China is trading sideways with sentiment, with mainstream prices ranging from RMB 7,300 to 7,700 per ton. This morning’s online auction cleared at a premium of RMB 7,650 per ton. Meanwhile, plant operating rates have declined, and suppliers remain firm in their pricing stance. Downstream buyers are actively inquiring, yet actual transactions remain limited. Sellers’ quotations fluctuate within a narrow range, and market prices remain stable for now; market participants are closely monitoring further actual transaction developments. .

6 Data Calendar

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