[PBT Morning Tips] Holders are cautious about the future market. Today's PBT market is weak and waiting.

I. Focus Points

1 March 31: The U.S. indicated that it has not ruled out the option of taking military action against Iran, causing market concerns over potential supply risks to intensify. As a result, international oil prices rose. NYMEXCrude Oil FuturesThe May contract for WTI crude oil rose by $2.12 to $71.48 per barrel, an increase of 3.06%; the ICE Brent crude oil futures contract for May rose by $1.11 to $74.74 per barrel, an increase of 1.51%. China's INE crude oil futures main contract for May fell by 4.3 to 537.4 yuan per barrel, but during the overnight session it rose by 16.5 to 553.9 yuan per barrel. 。

2 、 PTA marketContinuously declining ， BDO market Observing operation 。

3 Stable production in terms of equipment.

Core Logic ： Cost side support is weak The PBT market is operating weakly. , transactions maintain rigid demand 。

II. Price List

Source:Longzhong Information

Three, Market Outlook

The PBT market is expected to be weak and cautious today. On the cost side, PTA There is a certain expectation of reduced load at the polyester end, and an expectation of improvement in the tight supply and demand situation. The purchasing enthusiasm of downstream buyers is weak, but the sharp rise in oil prices strongly supports the cost end. In the short term, the domestic PTA spot market is expected to rebound. ；BDO The supplier has a positive intention to maintain prices, and the actual demand from the downstream end users is relatively decent. However, under cost pressure, contract order purchases are the main focus. Manufacturers holding inventory are cautious about the market outlook, resulting in fluctuations within a certain range. Industry players are paying close attention to the progress of new production capacity coming online. 。 The supply side of PBT has increased shipment sentiment, and the market focus may shift to weak fluctuations. Downstream and end-users may increase their market entry at low prices. Therefore, Longzhong predicts that in today's East China market, medium and low viscosity PBT Resin viewing 7800-8200 Yuan / Ton.

Four, Data Calendar