[pbt daily review] cost support remains stable, pbt market continues to run steadily

1 Today's Summary

The PBT manufacturer's quotation remained stable overall this week.

② There is less maintenance of PBT units this week.

③ The PBT production for this period is 23,800 tons. Increased by 0.12 million tons from the previous period, a growth rate of 5.31%. Capacity utilization rate: 56.11% "compared to the previous period, an increase of 2.97%" 。 The average domestic PBT gross profit this week is -379 yuan/ton, up 88 yuan/ton compared to the previous week. 。

2 Spot Overview

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

The mainstream price of low to medium viscosity PBT resin in the East China region today is 7,650-7,900 RMB/ton, stable compared to the previous working day. Today, the PBT market continues to operate steadily, the PTA market shows a weak rebound, and the BDO market is in a wait-and-see mode. Raw material support is stable, PBT.MarketThe market continues to operate steadily, with on-the-spot pricing. According to Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,650-7,900 yuan/ton.

3 Production Status

The Blue Mountain Tunhe PBT plant completed maintenance and resumed normal production within the week, increasing the domestic PBT supply.The PBT production for this period is 23,800 tons. Increased by 0.12 million tons from the previous period, a growth rate of 5.31%. Capacity utilization rate is 56.11% "...increased by 2.97% compared to the previous period." 。 The average domestic PBT gross profit this week is -379 yuan/ton, an increase of 88 yuan/ton compared to the previous week. 。

Figure 2: Trend Chart 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

The PBT market is expected to continue its stalemate. On the raw material side, PTA is experiencing a traditional peak season, yet the terminal performance is lukewarm, with downstream primarily engaging in just-in-time purchasing. However, the short-term supply and demand remain relatively tight, the balance sheet continues to de-stock, and with low processing fees, oil prices are fluctuating upward, providing strong support on the cost side. In the short term, there is an expectation of a continued rebound in the PTA spot market. Some BDO factories have announced shutdowns for maintenance, which will increase supply-side support, and suppliers continue to stabilize the market. Downstream purchasing is on an as-needed basis, while holders are maintaining a steady and cautious approach, resulting in a stable and calm market scenario. With stable cost support and downstream and terminal sectors following demand, most industry players are maintaining a steady and observant stance. The market focus is expected to remain temporarily stable, and the PBT market may continue with a stalemate arrangement in the short term. Therefore, Longzhong anticipates that tomorrow the East China market for medium to low viscosity PBT resin will be priced at 7650-7900 RMB/ton.

5 Related product information

PTA Market: The current PTA spot price is up by 13 to 4608. The September main port delivery offer is reported as a 01 discount of 55-60, with transactions at a 01 discount of 60-65. The October main port delivery's 01 discount is around 50. The absolute price during the day fluctuates warmly with costs, and the spot basis difference strengthens along with the monthly spread. Market transactions are based on just-in-time demand. (Unit: CNY/ton)

BDO Market: As of the time of writing, the mainstream spot bulk negotiation price in the East China region is 7,300-7,500 RMB/ton, and the barrel negotiation price is 8,300-8,500 RMB/ton (delivered with acceptance). Month-on-month unchanged Today in the East China regionBDO MarketStable operation. Some facilities are reducing load or are expected to shut down, supporting the suppliers to maintain a stable market. Downstream follows up as needed, and holders quote according to the market, with the market focus temporarily stable. 。

6 Data Calendar

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