[pbt morning brief] pbt market expected to stabilize today
1. Points of Interest
1 On September 2nd, the ongoing Russia-Ukraine conflict continues to pose potential supply risks, coupled with the continuation of U.S. sanctions on some oil-producing countries, leading to a rise in international oil prices. The NYMEX crude oil futures for the October contract rose by $1.58 per barrel to $65.59, a month-on-month increase of 2.47%. The ICE Brent crude futures for the November contract rose by $0.99 per barrel to $69.14, a month-on-month increase of 1.45%. China's INE crude oil futures for the 2510 contract increased by 6.2 to 489.8 yuan per barrel, with the night session rising by 5.6 to 495.4 yuan per barrel.
2 PTA MarketWeak consolidation.BDO MarketRange fluctuation 。
3、 The equipment is functioning normally for production.
Core Logic: Raw material support tends to stabilize. The PBT market is operating with a wait-and-see approach, with the market center fluctuating within a narrow range.
2. Price List Form
Product |
Region |
2025/09/01 |
2025/09/02 |
Change in Value |
|
NYMEX |
- |
65.59 |
- |
ICE Brent Crude Futures |
68.15 |
69.14 |
0.99 |
|
BDO |
|
7300-7500 |
7300-7500 |
0/ 0 |
PTA |
|
4727 |
4727 |
0 |
PBT |
|
7650-7900 |
7650-7900 |
0/ 0 |
Remarks: 1 、 PTA Adopt the national standard premium spot exchange pick-up price. BDO For the delivered price of dispersant acceptance, PBT Select medium to low viscosity pure resin chips for acceptance delivery price. |
3. Market Outlook
It is expected that the PBT market will stabilize today.Material surface PTA The domestic supply side has slightly increased, polyester load has been enhanced, supply and demand remain tightly balanced, the balance sheet continues to de-stock, international oil prices rebound, and driven by the cost side, the short-term domestic PTA market is expected to stabilize and rebound; BDO. The industry's losses continue, with suppliers mainly aiming to stabilize the market, and holders becoming more cautious in their trading approach. Downstream contracts are being followed up, and under cost pressure, spot purchasing is sluggish, leading to a stable market situation. The fundamentals have not changed much. The sentiment in the PBT market may continue to be one of observation, with a psychological game between supply and demand sides. Price expectations are expected to stabilize. Longzhong expects the price of low to medium viscosity PBT resin in the East China market today to be 7,650-7,900 yuan/ton.
4. Data Calendar
Data |
Publication Date |
Previous data |
The trend for this period is expected |
PBT Weekly output |
Thursday 5:00 PM |
22,600 Ton |
↗ |
PBT Weekly Profit |
Thursday 5:00 PM |
-467 CNY/ton |
↘ |
PBT Start of the week |
Thursday 5:00 PM |
53.14 % |
↗ |
1 Consider significant fluctuations as large swings; highlight data dimensions with a change exceeding 3%. |
|||
2 Considered as narrow fluctuations, highlighting data with a rise and fall range within 0-3%. |
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