[PBT Morning Briefing] PBT Market Expected to Be Weak and Cautious Today

1. Points of Attention

1 On August 11, the market focused on the meeting between the leaders of the US and Russia, with uncertainties remaining in the Russia-Ukraine situation, causing international oil prices to rise slightly. NYMEX crude oil futures September contract was at $63.96 per barrel, up $0.08, a 0.13% increase compared to the previous period; ICE Brent crude futures October contract was at $66.63 per barrel, up $0.04, a 0.06% increase compared to the previous period. China's INE crude oil futures October 2510 contract fell by 2.9 to 490.1 yuan per barrel, then rose by 1.6 to 491.7 yuan per barrel during the night session.

2 、 PTA market remains strong, while the BDO market continues to be weak. 。

3、 Some units are starting up after partial maintenance.

Core Logic: Raw material-side support is weakening. The PBT market is weak and in a wait-and-see mode, with a pessimistic market sentiment.

2. Price List Form

3. Market Outlook

The PBT market is expected to be weak and wait-and-see today. On the raw material side... PTA Supply and demand remain in a relatively tight pattern, the balance sheet continues to deplete inventory, international oil prices weakly rebound, and tight supply on the raw material side drives up costs. In the short term, the PTA spot market maintains a relatively strong pattern; BDO.The supply and demand imbalance continues, holders are offering discounts to sell goods, the market focus is trending downward, and the overall market is weakening. More attention is needed on the release of additional information. The cost aspect is unlikely to provide support. PBT Market selling sentiment has increased, and the focus of negotiation is running weak. Longzhong forecasts that today the East China market price for medium to low viscosity PBT resin is expected to be in the range of 7,650 to 8,100 yuan per ton.

4. Data Calendar