[pbt morning hint] pbt market expected to run weakly today
1. Focus Points
1 On August 7, the bearish atmosphere due to the OPEC+ production increase continued, compounded by the fact that the US sanction plans have not yet caused significant concerns, leading to a sixth consecutive drop in international oil prices. The NYMEX crude oil futures for the September contract fell by $0.47 to $63.88 per barrel, a decrease of 0.73% compared to the previous period. The ICE Brent crude futures for the October contract fell by $0.46 to $66.43 per barrel, a decrease of 0.69% compared to the previous period. China's INE crude oil futures main contract 2510 rose by 0.4 to 499.9 yuan per barrel, but fell by 6.1 to 493.8 yuan per barrel in the night session.
2 PTA marketNarrow fluctuation,BDO MarketContinue to decline 。
3、The equipment is operating stably in production.
Core logic: The decline in raw material prices continues. The PBT market is weak and in a wait-and-see mode, with a pessimistic market sentiment.
2. Price List
Product |
Region |
2025/08/06 |
2025/08/07 |
Change in value |
|
NYMEX |
64.35 |
63.88 |
-0.47 |
ICE Brent Crude Oil Futures |
66.89 |
66.43 |
-0.46 |
|
BDO |
|
7800-8000 |
7800-7900 |
0/ -100 |
PTA |
|
4675 |
4685 |
10 |
PBT |
|
7750-8200 |
7700-8100 |
-50 / -100 |
Remark: 1 、 PTA Adopt the national standard premium foreign exchange spot price. BDO For the price delivered for acceptance of scattered water, PBT Select medium to low viscosity pure resin chips with delivery price accepted. |
3. Market Outlook
It is expected that the PBT market will operate weakly today. On the raw material side, PTA The supply and demand sides have not changed significantly, the balance sheet continues to de-stock, terminal load is slowly increasing, pessimistic sentiment has somewhat eased, and international oil prices have fallen for six consecutive days, lacking cost support. In the short term, the PTA spot market is mainly weak and volatile. ;BDO The pressure of demand still exists, negatively impacting the purchasing and selling mentality of traders. Holders lack confidence in the future market, and the mainstream operation is promotional negotiation with real discounts. The market trading focus has shifted downward. The cost side continues to operate weakly. PBT Market selling sentiment has increased, and the market focus is on weak fluctuations. Longzhong expects that today the price of low to medium viscosity PBT resin in the East China market will be around 7,700-8,100 yuan/ton.
4. Data Calendar
Data |
Publication Date |
Previous Data |
The trend for this period is expected |
PBT Weekly output |
Thursday 5:00 PM |
22.6k ton |
↘ |
PBT Weekly Profit |
Thursday 5:00 PM |
-548 CNY/ton |
↘ |
PBT Weekly start |
Thursday 5:00 PM |
53.14% |
↘ |
1 Consider ↑↓ as significant fluctuations, highlighting data dimensions with changes exceeding 3%. |
|||
2 Considered as narrow fluctuations, highlighting data with a range of changes within 0-3%. |
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