[PBT Daily Review] Demand Side Hard to Support PBT Market Weakly Fluctuates

1 Today's Summary

This week's PBT manufacturers' quotes remain stable overall.

This week, there is less maintenance on the PBT equipment.

③ The current PBT production is 22,600 tons. The capacity utilization rate is 53.14%, remaining stable compared to the previous period. 。 This week's domestic PBT average gross profit is-343 yuan/ton, a decrease of 19 yuan/ton compared to the previous period. 。

2 Spot Overview

Based on the East China region, the mainstream price of medium and low viscosity PBT resin today is 7,400-7,700 yuan/ton, which is 50 yuan/ton lower than the previous working day. Today, the PBT market is showing weak fluctuations, the PTA market is rebounding from low levels, and the BDO market is fluctuating within a range. The cost support is still acceptable, but the demand side remains persistently weak. The PBT market is weakly fluctuating, and the focus of negotiations is declining. ， According to statistics from Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,400-7,700 yuan/ton.

3 Production Dynamics

There are not many changes in the PBT unit within the week. Fujian Meizhou Bay (Fujian Haiquan) PBT plant continues maintenance. Domestic PBT supply remains stable. The production volume for this period is 22,600 tons. Capacity utilization rate is 53.14%, remaining stable compared to the previous period. 。 This week's domestic PBT average gross profit is at-343 yuan/ton, down 19 yuan/ton month-on-month 。

Figure 2: Trend of Domestic PBT Capacity Utilization Rate in 2025	Figure 3: The Year 2025 Domestic PBT Profit and Price Comparison Chart (Yuan/Ton)
Data Source: Longzhong Information	Data source: Longzhong Information

4 Price Forecasting

The PBT market is expected to operate with a wait-and-see attitude. On the supply side, PTA supply and demand remain tight, with the inventory balance continuously decreasing. In the traditional peak season, downstream players are making phase-based replenishments. After a sustained decline, the market lacks new bearish pressures, and commodity sentiment has improved somewhat. In the short term, the PTA spot market is expected to maintain a weak rebound. The BD new cycle has seen suppliers tightening policies to support prices, while downstream continues to follow contracts, resulting in average spot negotiations under cost pressures. There are no significant bearish factors in the fundamentals, and market fluctuations are limited. Overall, the cost side is stabilizing, but the PBT market maintains a strong bearish sentiment, and the market is likely to continue a weak wait-and-see approach. Therefore, Longzhong expects the price for medium and low viscosity PBT resin in the East China market tomorrow to be around 7400-7700 yuan/ton.

5 Related Product Information

PTA Market: Today's PTA spot price increased by 45 to 4370. October main port delivery for 01 quoted at a discount of 80-90, warehouse receipt discount is about 50, with hearing of transactions at a discount of 85-90. November main port delivery for 01 received offers at a discount of 70-80 with negotiations and transactions. Terminal demand has improved in stages, polyester production and sales have increased, geopolitical situations are unstable, absolute prices within the day have strengthened along with costs, spot basis remains roughly stable, buying sentiment is poor, and overall trading is light. (Unit: yuan/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 East ChinaBDO MarketNarrow consolidation. The industry's operating rate is relatively low, and suppliers plan to reduce production to support the market. Downstream demand is generally following up, with actual transactions negotiated based on market conditions, and the market focus remains stalemated.

6 Data Calendar

Table 2: Overview of Domestic PBT Data (Unit: Tons, Yuan/Ton)