[PBT Daily Review] Fundamentals Largely Unchanged as PBT Market Fluctuates Within Range

1 Today's Summary

This week, the PBT manufacturers' quotes remain stable.

This week, there are fewer PBT unit maintenance activities.

③ The production of PBT for this period is 23,600 tons, with a capacity utilization rate of 55.45%, remaining stable compared to the previous period. This week's average domestic PBT gross profit is -624 RMB/ton, down 32 RMB/ton from the previous week. 。

2 Spot Overview

The mainstream price of low to medium viscosity PBT resin in the East China region is 7,350-7,650 RMB/ton today, unchanged from the previous working day. Today, the PBT market is operating with a wait-and-see attitude, the PTA market is experiencing weak fluctuations, and the BDO market is in a stalemate. Cost support is generally weak.Sure! Please provide the content you would like to have translated into English. PBT Market Limited impact Operators mostly follow the market trend when making offers. According to Longzhong Information, the price of low-viscosity PBT pure resin in the East China market is 7,350-7,650 yuan/ton.

3 Production Dynamics

During the week, the PBT unit continued the previous maintenance, and the domestic PBT supply remained stable. The PBT production for this period is 23,600 tons, with a capacity utilization rate of 55.45%, remaining stable compared to the previous period. This week's average domestic PBT gross profit is -660 yuan/ton, a decrease of 36 yuan/ton compared to the previous week. 。

Figure 2: Trend of Domestic PBT Capacity Utilization Rate in 2025	Figure 3: The Year 2025 Domestic PBT Profit and Price Comparison Chart (CNY/Ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

4 Price Prediction

The PBT market is expected to fluctuate weakly. Although the supply and demand for PTA in terms of raw materials remain tight and the balance sheet continues to deplete, the weak trend of raw materials drags down the cost support. Coupled with insufficient demand-side support, the short-term PTA spot market maintains a weak fluctuation pattern. Currently, the guidance from the supply and demand side for BDO is limited, with actual trading activity being light and mainly focused on contract trading. The supply and demand game intensifies, and market fluctuations are not significant. With little change in the fundamentals, the mindset for selling in the PBT market continues, making it difficult for the market focus to stabilize. Therefore, Longzhong expects the price of low to medium viscosity PBT resin in the East China market to be between 7,350 and 7,600 yuan/ton tomorrow.

5 Relevant product information

PTA Market: Today's PTA spot price decreased by 18 to 4612. This week and next week, the main port delivery for January is being negotiated with a discount of 20-22, with some transactions slightly higher. Transactions near a discount of 20 for main port delivery before the end of the month. The expectation of reduced polyester production weighs on the market, with absolute prices on the weak side during the day. Downstream buying is mainly based on just-needed demand, and the spot basis remains relatively strong, while overall trading is light. (Unit: yuan/ton)

BDO Market: As of the time of writing, the mainstream spot bulk negotiation in the East China region is 7,300-7,500 yuan/ton, and the barrel negotiation is 8,300-8,500 yuan/ton (delivered with acceptance), remaining flat compared to the previous period. Today, the BDO market in East China is operating with a wait-and-see attitude. There is a lack of market guidance information, and industry players are maintaining a stable outlook. Downstream contract follow-up is ongoing, spot procurement is sluggish with bargaining, and the market focus remains in a stalemate awaiting guidance.

6 Data Calendar

Table 2: Overview of Domestic PBT Data (Unit: tons, yuan/ton)