[PBT Daily Review] No Positive Support, PBT Market Continues Weakness

1 Today's Summary

Some PBT manufacturers have partially lowered their quotations.

②There was less maintenance on the PBT equipment this week.

③ The PBT output for this period was 21,300 tons, a decrease of 1,300 tons from the previous period, down by 5.75%. The capacity utilization rate was 50.18%, a decrease of 2.96% from the previous period. 。 The average domestic PBT gross profit this week is -437 yuan/ton, up 111 yuan/ton compared to the previous week. 。

2 Spot Market Overview

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

The mainstream price of medium and low viscosity PBT resin in the East China region today is between 7,700-8,100 yuan/ton, stable compared to the previous working day. Today, the PBT market is weak and in a wait-and-see mode, the PTA market saw a narrow rebound, and the BDO market continues its downward trend. There are no favorable expectations on the fundamentals, so market sentiment for PBT remains pessimistic. Some manufacturers have lowered their quotations, and the overall market continues to operate weakly. According to Longzhong Information, the price of low to medium viscosity PBT pure resin in the East China market is 7,700-8,100 yuan/ton.

3 Production Updates

During the week, the PBT units of Lanshan Tunhe and Nantong Xingchen underwent maintenance, leading to a reduction in domestic PBT supply. The PBT production for this period was 21,300 tons, a decrease of 1,300 tons compared to the previous period, with a decline rate of 5.75%. The capacity utilization rate was 50.18%, down by 2.96% from the previous period. 。 The average domestic PBT gross profit this week is -437 yuan/ton, up 111 yuan/ton week-on-week. 。

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

4 Price Prediction

The PBT market is expected to remain weak and fluctuate. On the raw material side, PTA supply continues to decrease, maintaining a relatively tight supply-demand situation, with inventory levels continuously declining and raw material prices remaining strong. This provides solid cost support, and the PTA spot market is expected to stay firm in the short term. For BDO, the current industry supply-demand imbalance persists, with a prevailing cautious and bearish sentiment in the market. Sellers are more willing to move goods, while actual demand is limited to small, low-end transactions. With raw material prices continuing to fall, market sentiment for PBT is poor, and market focus may follow the downward trend. Therefore, according to Longzhong, the price of medium- and low-viscosity PBT resin in the East China market is expected to be in the range of 7,650-8,050 yuan/ton tomorrow.

5 Relevant product information

PTA Market: Today's PTA spot price increased by 25 to 4695. August main port delivery 09 traded at a discount of 10-15, while September main port delivery 09 traded near a premium of 0. Improved commodity sentiment combined with increased production and sales over the weekend indicate no contradictions in supply and demand. The absolute price center of gravity moved upward during the day, spot basis slightly increased, buying sentiment remains cautious, and market negotiations are moderate. (Unit: RMB/ton)

BDO Market: As of press time, the mainstream negotiated price for bulk spot BDO in East China is 7,700-7,800 yuan/ton, and 8,700-8,800 yuan/ton for drum-packed (payment on delivery), with the high-end price down 100 yuan/ton compared to yesterday. Today, the East China BDO market continues to weaken. At the beginning of the week, market news is limited, and participants remain cautiously bearish. Demand is mainly for small, immediate orders, causing market prices to move downward within a range. More guidance is being closely watched.

6 Data Calendar

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