One, Focus Areas

1 On April 1st, market focus shifted from sanctions on oil-producing countries to the U.S. tariff policy, raising concerns about the drag on demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures for the May contract fell by $0.28 to $71.20 per barrel, a decrease of 0.39% month-on-month; ICE Brent crude futures for the June contract fell by $0.28 to $74.49 per barrel, a decrease of 0.37% month-on-month. China's INE crude oil futures main contract for May 2505 rose by 11.6 to 549 yuan per barrel, with the night session rising by 4.3 to 553.3 yuan per barrel. 。

2 、 PTA market consolidates strongly. ， BDO market Interval fluctuation 。

3 Stable production in terms of equipment.

Core logic ： The cost support is still acceptable. The PBT market is operating weakly. The transaction volume remains at the basic demand level. 。

2. Price List Form

Source: Longzhong Information

3. Market Outlook

The PBT market is expected to trade with caution today. In terms of costs, PTA will be watched. Polyester production is expected to see some reduction in capacity utilization, with expectations of an improvement in tight supply and demand. Downstream purchasing enthusiasm remains weak, while a significant surge in oil prices provides strong cost-side support. In the short term, the domestic PTA spot market is expected to rebound. ；BDO The supply side offers some support, with online listings leaning towards the higher end, and suppliers maintain a stable market sentiment. Downstream demand has slightly improved, but cost pressures lead to a focus on contract follow-ups. Traders' operational mindset is average, and actual deals are negotiated based on market conditions, with the market operating in a weakly stable manner. 。 The PBT market continues to maintain an观望 attitude. It seems there is a part missing in the sentence, "观望" which means "观望态度" or "wait-and-see attitude". If you can provide the full sentence it would be helpful for an accurate translation. However, based on the given text, the translation would be: "The PBT market continues to maintain a wait-and-see attitude." If "态度" was not intended to be included, then the direct translation would be: "The PBT market continues to maintain an观望 emotion." Given the context, "wait-and-see attitude" is more appropriate. Please confirm if the sentence is complete or if any additional context is available. The market focus is weakly fluctuating, and the demand side remains lackluster. Gu Longzhong expects that today the medium and low viscosity market in East China will... PBT Resin viewing 7800-8200 Yuan / ton.

IV. Data Calendar