1、Today's Summary

①Some PBT manufacturers have lowered their quotes.

②This week, the PBT facilities are operating normally on the supply side.

③This week, China's PBT industry output reached 19,915 tons, with a capacity utilization rate of 47.65%, which is almost unchanged from last week. This week, the average gross profit of domestic PBT was -403 yuan/ton, an increase of 87 yuan/ton compared to the previous week.

Taking East China as the benchmark, today's mainstream price for medium and low viscosity PBT resin is 8,000-8,300 yuan/ton, a decrease from yesterday. Today, the PBT market is weak and declining, with the PTA market under pressure and experiencing a significant drop, while the BDO market fluctuates within a range. The weakening cost support continues to negatively impact the PBT market sentiment, with more low-priced goods available in the market, leading to a weak and declining market trend. According to Longzhong Information, the price of pure medium and low viscosity PBT resin in the East China market is 8,000-8,300 yuan/ton.

2、Spot Overview

3、Production Dynamics

This week, China's PBT industry output reached 19,915 tons, with a capacity utilization rate of 47.65%, which is almost unchanged from last week, but down 5.92% year-over-year. During this period, there were no significant changes in PBT facilities. This week, the average gross profit of domestic PBT was -403 yuan/ton, an increase of 87 yuan/ton compared to the previous week.

4、Price Forecast

The PBT market is expected to remain weak and cautious. In terms of costs, the domestic supply of PTA has significantly decreased, maintaining a tight supply and demand balance, with continuous destocking. However, due to numerous policy interventions, commodity sentiment remains low, and with the weak trend of crude oil, the domestic PTA spot market is expected to continue its weak pattern; the recent downstream load of BDO