[PBT Daily Review] Market News Remains Quiet, PBT Market Sees Narrow Adjustments

1 Today's Summary

The overall quotations from PBT manufacturers remained stable this week.

This week, there is less maintenance on PBT units.

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

2 Spot Overview

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

The mainstream price of medium and low viscosity PBT resin in the East China region is 7650-7900 yuan/ton today, remaining stable compared to the previous working day. Today, the PBT market experienced narrow consolidation, the PTA market continued to weaken due to inertia, and the BDO market remained stable. The raw material PTA has been continuously weakening, but for PBT...The market impact is not strong.There are no significant fluctuations in the market at present, and most traders are quoting in line with the market. According to Longzhong Information, the price of low to medium viscosity pure PBT resin in the East China market is 7,650-7,900 yuan/ton.

3 Production Updates

The maintenance of Bluesail Tuhé's PBT unit has been completed and normal production has resumed this week, leading to an increase in domestic PBT supply.The PBT production for this period is 23,800 tons. Increased by 0.12 thousand tons compared to the previous period, a growth rate of 5.31%. Capacity utilization rate: 56.11% compared with the previous period, an increase of 2.97% 。 The average domestic PBT gross profit this week is -379 yuan/ton, up 88 yuan/ton week-on-week. 。

Figure 2 Trend 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 remain strong but cautious. On the raw material side, there is a clear expectation of increased PTA supply in the long term, while the recovery in downstream demand is limited, resulting in an overall sluggish market sentiment. However, in the short term, supply and demand remain relatively tight, inventories continue to decline, and given the low valuation, there is a weak rebound expectation for the PTA spot market in the near future. For BDO, suppliers’ order intake for the September cycle is acceptable, supporting suppliers’ efforts to stabilize the market. Downstream contract orders are following up, and holders are negotiating based on current market conditions, resulting in little fluctuation in market prices. Overall, raw material support is relatively stable. Downstream and end-user demand may gradually improve, and sentiment in the PBT market could turn more positive. The market is likely to oscillate with a stronger bias. Therefore, according to Longzhong’s forecast, next week, the price of medium-to-low viscosity PBT resin in the East China market is expected to be in the range of 7,700–8,000 RMB/ton.

5 Relevant Product Information

PTA Market: Today's PTA spot prices range from -30 to 4585. The September main port delivery offers for 01 are at a discount of 60-70, with transactions occurring at a discount of 70-80; October main port delivery 01 has transactions around a discount of 50. Intraday absolute prices rebounded after oscillating near the lower boundary. In the morning, prices weakened under pressure from weak external macro conditions, weak cost support, and high supply expectations. In the afternoon, prices gradually rebounded as domestic anti-competition sentiment intensified. It is expected that the spot market will remain loose in circulation, downstream buyers are purchasing at low levels, the spot basis will continue to weaken, and market transactions are driven by just-in-time demand. (Unit: RMB/ton)

BDO Market: As of press time, the mainstream negotiated price for bulk liquid in East China is 7,300-7,500 RMB/ton, while the negotiated price for drum-packed goods is 8,300-8,500 RMB/ton (delivered with acceptance). Month-on-month flat Today in the East China regionBDO MarketRange-bound operation. As the weekend approaches, market participants maintain a stable and wait-and-see attitude, with spot order transactions remaining sluggish. There are no significant changes on the supply and demand sides, negotiations and games continue, and the market remains weak and stable. 。

6 Data Calendar

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