Views: 42 Author: Yinsu Flame Retardant Publish Time: 2025-07-14 Origin: www.flameretardantys.com
PBT Weekly Review (July 7 – July 11, 2025)
The Chinese PBT market experienced significant fluctuations this week. On the supply side, plants continued to undergo maintenance and run at reduced rates, with additional shutdowns scheduled for the coming period, leading to a contraction in supply. Demand was severely hit by the seasonal lull: operating rates at downstream plants and end-users fell in tandem, resulting in feeble demand and strong buyer bargaining power. Cost-wise, feedstock PTA remained weak and volatile, while BDO prices moved within a narrow range, offering dwindling support to PBT. Consequently, PBT prices declined this week; the benchmark East China market is expected to soften further next week to RMB 8,000–8,300 per metric ton. Although margins improved marginally this week, the probability of a sustained recovery next week is low, and losses may deepen.
Overall, the seasonal slump has further eroded downstream operating rates, making it difficult to lift transaction volumes. PBT lines continue to run at reduced rates or remain under maintenance, while feedstock headwinds persist. Taking these factors together, PBT prices are set to soften further next week, driven by rising maintenance and persistently weak demand.
A confluence of bearish factors weighed on sentiment this week. Soft feedstock trends undermined PBT pricing, pushing the weekly average down by RMB 100 per ton. The off-season dented downstream operating rates, hurting both market sentiment and prices. On the supply side, plants remained on maintenance or curtailment, keeping supply volumes stable. However, demand-side utilization fell further amid the seasonal slowdown.
Cost support is set to weaken further, and the off-season will continue to suppress demand. Although more plants will enter maintenance, trimming supply, the overall supply-demand balance remains fragile and unlikely to provide firm price support. PBT prices are therefore expected to decline further.
Prices are poised to extend their downtrend. Feedstock PTA is likely to stay weak and range-bound, while BDO will continue to fluctuate within a narrow band, eroding cost support. On the supply side, additional maintenance will reduce volumes, output, and utilization. While these cuts may offer some price support, the broader demand picture is bleak: downstream plants are entering a deeper off-season, cutting runs and leveraging their strengthened bargaining power. Overall, PBT prices are expected to weaken, and producer losses may widen.