[pbt morning update] expected today pbt market to continue watching and running

I. Points of Attention

1 On October 15, concerns about the risk of oversupply and the trade disputes initiated by the United States suppressing demand prospects led to a decline in international oil prices. The NYMEX crude oil futures for the November contract fell by $0.43 to $58.27 per barrel, a decrease of 0.73% compared to the previous day. The ICE Brent crude futures for the December contract fell by $0.48 to $61.91 per barrel, a decrease of 0.77% compared to the previous day. The China INE crude oil futures for the December 2025 contract fell by 7.6 to 444.9 yuan per barrel, with a further decline of 1.9 to 443 yuan per barrel in the night session.

2 PTA marketUnderperformingBDO MarketWeakened operation 。

3、 The equipment is in normal production.

Core logic: Raw material support is generally. The market sentiment among traders is pessimistic, and the PBT market is operating weakly.

2. Price List Form

3. Market Outlook

It is expected that today's PBT market will continue to operate in a wait-and-see manner.Raw Material PTA Demand expectations remain weak, international oil prices continue to decline, overall market sentiment is sluggish, downstream purchasing enthusiasm is hindered, and the market lacks positive support. In the short term, the PTA market continues its weak pattern. ；BDO The supplier maintains a stable market mentality, but downstream demand is generally moderate, with many focusing on inventory consumption or just-in-time contract purchasing, limiting raw material trends. Holders negotiate according to the market, resulting in a stalemate in market dynamics. 。 The cost trend is unlikely to improve. PBT fundamentals are unlikely to have positive expectations for negotiations. The focus may continue to operate weakly and steadily. Longzhong expects that the price of low to medium viscosity PBT resin in the East China market today will be 7,450-7,750 yuan/ton.

4. Data Calendar