[PBT Weekly Review] Supply and Demand Both Increase, PBT Market Stabilizes and Consolidates

1. Market Review of This Week

This week, the PBT market in East China remained stable and consolidated, with mainstream prices for medium and low viscosity PBT resin closing at 7,650-7,900 RMB/ton in the region. On the supply side, Lanshan Tunhe's PBT unit completed maintenance, resulting in an overall increase in supply. On the raw material side, the BDO market remained stagnant after a decline, while the PTA market mainly experienced a weak and fluctuating trend. Cost support remained relatively stable this week, with increased supply and a slow recovery in demand; downstream and end users followed with rigid demand. Overall market sentiment was rather subdued, with growth on both supply and demand sides, ongoing negotiations between both parties, and the market stabilizing.

2. Analysis of Market Influencing Factors

① The supply side of Lanshan Tunhe PBT plant is put into operation, increasing the supply volume.

Demand enters the peak season in September, with demand gradually recovering and downstream as well as end-user rigid demand following up.

The stable trend on the cost side provides certain support for PBT.

3. Market Forecast for Next Week

The PBT market is expected to be relatively strong in the next period, with no significant changes in raw materials and supply-demand dynamics. The PBT market is anticipated to operate on a relatively strong note. Key points to focus on: 1. Supply side. Previously repaired PBT units have all resumed operations, and the supply volume is expected to increase steadily. 2. Demand side. Demand enters the traditional peak season in September, with overall demand gradually recovering. PTA There is a weak rebound expected in the market; negotiations and games around BDO continue, and the market remains in a stalemate. Overall, the support for PBT market prices is relatively stable.