[pbt morning update] expect today's pbt market to continue observing

I. Points of Attention

1 Crude Oil: The market is focused on OPEC+'s continued production increase plans, combined with a still weak demand outlook, leading to a drop in international oil prices. NYMEX crude oil futures for the December contract fell by $1.16 to $60.15 per barrel, a decrease of 1.89% compared to the previous period; ICE Brent crude futures for the December contract fell by $1.22 to $64.40 per barrel, a decrease of 1.86% compared to the previous period. China's INE crude oil futures for the 2512 contract fell by 2.0 to 466.4 yuan per barrel, with a night session drop of 8.3 to 458.1 yuan per barrel.

2 PTA marketSteady center of gravity,BDO MarketInterval fluctuation 。

3、 The equipment is functioning normally for production.

Core Logic: The expectation of strong support from raw materials Operators are adopting a wait-and-see attitude, leading to fluctuations within the PBT market range.

Section 2: Price List

3. Market Outlook

It is expected that today's PBT market will continue to operate in a wait-and-see mode.Material Surface PTASupply and demand remain tightly balanced with solid support from the demand side. However, with new installations being tested, there is a strong expectation of weakening supply and demand. Overnight crude oil weakened, reducing cost support, leading to a slight short-term decline in the PTA market. ；BDO Under the pressure of losses, suppliers mainly focus on supporting the market, limiting trading space. End-users follow up with just-in-time contract demands, and spot purchases are sluggish due to cost pressures. Those holding goods have a generally conservative trading mindset, and real transactions are negotiated based on market conditions, resulting in an overall dull and stable market situation. Cost-oriented policy guidance Support The market sentiment for PBT is such that some manufacturers have issued price increase notices, and the market is primarily in a wait-and-see atmosphere. ， Longzhong expects the price of low to medium viscosity PBT resin in the East China market today to be around 7,400-7,700 yuan/ton.

4. Data Calendar