[PBT Morning Brief] Short-Term Range-Bound Trading Expected

I. Key Focus Areas

1 、 On 6/10, instability in U.S.-Iran relations persisted, heightening concerns over supply risks and pushing international oil prices higher. The NYMEX crude oil futures July contract rose by USD 1.83/bbl to USD 90.03/bbl, up 2.07% from the previous period; the ICE Brent futures August contract increased by USD 1.65/bbl to USD 93.10/bbl, up 1.80% month-on-month. China’s INE crude oil futures July 2607 contract fell by RMB 14.3 to RMB 573.1/bbl, and rose by RMB 11.1 to RMB 584.2/bbl in night trading.

2 , yesterday PTA Slight price increase within a narrow range. ， BDO Prices fell slightly 。

Core logic: Translate the above content into English and output only the translation result, without any explanation. Concerns over supply risks have increased, and international oil prices have risen. PBT Industry losses are expected to have limited room for decline.

II. Price List Form

3. Market Outlook

Iran closes the Strait of Hormuz to all ships, intensifying concerns over supply risks and driving up international oil prices. However,As the off-season arrives, PBT demand remains sluggish, supply pressure is relatively high, negotiations are centered at low levels, and the industry is operating at a loss, leaving limited room for further declines. According to Longzhong Information’s forecast, the price range of low- and medium-viscosity PBT resin in the East China market is RMB 9,200-9,500/ton.

Four, Data Calendar