I. Focus Points

1, 3/19: The US EIA inventory data was mixed, and coupled with the Fed's announcement in March to temporarily not cut interest rates, international oil prices ultimately rose slightly. NYMEX crude oil futures 04 contract at $67.16, up $0.26 per barrel, a month-on-month increase of +0.39%; ICE Brent crude oil futures 05 contract at $70.78, up $0.22 per barrel, a month-on-month increase of +0.31%. China's INE crude oil futures main contract 2505 fell by 2.0 to 521.4 yuan per barrel, and the night session fell by 0.3 to 521.1 yuan per barrel.

2, PTA market prices have increased, BDO market is experiencing weak fluctuations.

3, stable production in terms of equipment.

core logicCost support is average, PBT market fluctuates within a range, downstream and terminal continue to observe.

II. Price List

source: Longzhong Information

Three, Market Outlook

It is expected that the PBT market will continue to observe today. The domestic supply and demand for cost-side PTA remains in a tight pattern, with overall valuation being low. However, the downstream polyester sector is underperforming expectations, making it difficult for sales and production to sustain, and the overall commodity sentiment is low. In the short term, the domestic PTA spot market may come under pressure; as BDO approaches the settlement cycle, the market is mainly characterized by a wait-and-see attitude, with severe price-cutting from downstream buyers, leading to a weak and fluctuating market center. Market news is light, and industry players are mostly paying attention to the progress of new capacity launches. The PBT market continues to observe, with terminal and downstream purchasing intentions being weak. It is expected that the market center will continue to fluctuate within a range. Therefore, Longzhong expects that today's East China market for medium and low viscosity PBT resin will be in the range of 7900-8200 yuan/ton.