[PBT Weekly Outlook] Expected Today PBT Market to Operate With Caution

I. Focus Points

1 On September 26, the intensity of the Russia-Ukraine conflict has recently increased, raising market concerns about potential supply risks, leading to a rise in international oil prices. NYMEX crude oil futures for the November contract rose by $0.74 to $65.72 per barrel, a 1.14% increase compared to the previous period. ICE Brent crude futures for the November contract rose by $0.71 to $70.13 per barrel, a 1.02% increase compared to the previous period. China's INE crude oil futures for the 2511 contract increased by 0.2 to 489.1 yuan per barrel, and by 5.9 to 495 yuan per barrel during the night session.

2 PTA marketNarrow fluctuations.BDO MarketNarrow consolidation 。

3、 The equipment is functioning normally for production.

Core logic: Raw material support stabilizes. The PBT market is operating with a wait-and-see approach, and the market focus is fluctuating within a narrow range.

2. Price List Form

Market Outlook

The PBT market is expected to remain in a wait-and-see mode today.PTA FuturesThe supply and demand changes are not significant, still maintaining a tight balance, with a slight decrease in inventory. There is a lack of new guidance from external factors, and pre-holiday stocking is nearing completion. As the dual festivals approach, the market is returning to a state of calm, and in the short term, the PTA spot market is expected to maintain a fluctuating pattern. ；BDO The supplier's stable market mindset limits operational space. The downstream pre-holiday stocking atmosphere is generally mild, with more focus on inventory consumption or small orders based on actual demand, and resistance to high prices. Supply and demand negotiations are ongoing, and the overall market situation remains calm and stable. As the National Day holiday approaches, the PBT market is likely to continue fluctuating within a narrow range. ， The fundamentals have not changed much. ， Liu Zhong expects that today the market price for medium and low viscosity PBT resin in East China will be between 7600-7900 yuan/ton.

4. Data Calendar