[pbt weekly outlook] pbt market expected to be weak and volatile today

I. Focus Points

1 On August 15, the market awaits the outcome of the meeting between the US and Russian leaders. The geopolitical situation is expected to further ease, leading to a decline in international oil prices. NYMEX crude oil futures for the September contract fell by $1.16 per barrel to $62.80, a decrease of 1.81% compared to the previous period. ICE Brent crude futures for the October contract fell by $0.99 per barrel to $65.85, a decrease of 1.48% compared to the previous period. China's INE crude oil futures for the 2510 contract rose by 3.0 to 488.9 yuan per barrel, but fell by 4.8 to 484.1 yuan per barrel during the night session.

2 PTA marketStalemate arrangementBDO MarketWeak operation 。

3、 Some maintenance equipment in the equipment section is started up.

Core logic: The support from raw materials weakens. The PBT market is weak and observing, with a pessimistic market sentiment.

2. Price List Form

3. Market Outlook

It is expected that today's PBT market will fluctuate weakly.PTA FuturesThis week, domestic supply continues to grow, with both supply and demand sides continuing to weaken. The balance sheet has an expectation of inventory accumulation, the industry chain continues to be weak, and there is a lack of substantial external positive support. The cost side lacks support, so this week, the domestic PTA market continues its weak and volatile pattern. ；BDO Supply and demand contradictions persist, traders' operating sentiment is not good, main contracts are being ordered, spot negotiations are sluggish, as the settlement period approaches, market participants' wait-and-see sentiment increases, mainstream offers remain stable, concessions are made cautiously, and the market remains stagnant after the decline. There is an expectation of easing in the downward trend on the cost front. PBT The market may continue its selling sentiment, while downstream and end-users enter the market with a wait-and-see approach. Longzhong expects that the price of low to medium viscosity PBT resin in the East China market today will be 7550-8000 yuan/ton.

4. Data Calendar