1. This week's market review

Figure 1 Price Trend of PBT and Raw Materials in East China

This period, the PBT East China market fell and then observed, with cost support weakening. As of the close on March 20, the mainstream price of medium to low viscosity PBT resin in the East China region was 7900-8200 yuan/ton. On the supply side, there were limited changes in facilities. In terms of raw materials, this weekinterval declineWeak rebound. This week, the price of raw material BDO continued to weaken, PBT market quotations loosened, negotiation focus was on a weak fluctuation, downstream and terminal markets were mainly observing, purchasing as needed, and the overall market sentiment remained pessimistic.

2, market impact factors analysis

-0.37%: The weekly average price of PBT in China was 8050 yuan/ton, down 0.37% from last week.

2) 0%: PBT industry operation this week is 49.85%, remaining unchanged from last week.

3) -5.25%: This week, the average domestic PBT gross profit was -401 yuan/ton, a decrease of 5.25% from the previous week.

3, market forecast for next week

Next week, the PBT market may show a weak and downward trend. On the supply side, Changchun Chemical's PBT facility maintenance is expected to end, and production may slightly increase; on the demand side, the willingness to enter the market may increase, with transactions focusing on rigid demand. The downstream and terminal markets for PBT next week may see an increase in price-cutting sentiment, leading to a psychological game in the market. Supply-side operations to trade volume for price may increase, and market prices may continue to decline weakly. Longzhong expects that the price of medium- and low-viscosity PBT resin in the East China market next week will be in the range of 7900-8100 yuan/ton.