[Daily PBT Review] Cost Support Continues, Market Maintains Stable Price Operation

Today's Summary

2. Spot Overview

Based on the East China region, the mainstream price range for medium and low viscosity PBT resin today is 7550-7850 RMB/ton, unchanged from the previous trading day. The PBT market today remains stable and in a stalemate, with the PTA market undergoing narrow adjustments and the BDO market continuing its deadlock. Supported by cost factors, the PBT market maintains a steady pricing strategy, with favorable macroeconomic conditions and a positive trend in the crude oil market boosting market sentiment. According to statistics from Longzhong Information, the transaction price range for medium and low viscosity PBT pure resin in the East China market is 7550-7850 RMB/ton.

Price Prediction

The PBT market is expected to maintain a wait-and-see stance. From the raw material side, the PTA supply side is slightly reduced, but there is an expectation of a decline in polyester load, with insufficient demand-side support. The market lacks substantial driving forces, and downstream purchasing enthusiasm is limited. In the short term, the PTA spot market is expected to remain weak; the BDO supply-side support is generally average, with downstream industries mainly digesting inventory or following up on just-needed contracts. Holders have a cautious and slightly bearish outlook on the market, and market trading focus is stable and light, requiring attention to more information releases. The cost side is expected to continue operating at a high level, providing some support to the PBT market, with the negotiation focus expected to maintain a range of fluctuations. Therefore, Longzhong Information predicts that the price range for medium to low viscosity PBT resin in the East China market will remain at 7,550-7,850 yuan/ton tomorrow.