1. The previous closing price of the mainstream market
PBT last closing price list
| market | Specifications and models | April 22 | Daily rise and fall |
| East China | 1.0 Viscosity | 7700-7900 | 0 |
| South China | 1.0 Viscosity | 7800-8000 | 0 |
The mainstream transaction range in the East China market is 7700-7900 yuan/ton, and the average price is stable compared with the previous working day. PTA practitioners are not very active in operation. The market is concerned about whether downstream polyester factories will increase production cuts. PTA has fallen slightly. In addition, buyers and sellers in the BDO market are more cautious. Although the quotations have moved up slightly, the downstream acceptance intention is general and the price is stable. Therefore, the cost side has limited guidance on the spot price of PBT. From the supply and demand side, the factories in the market are currently mainly delivering early orders, new orders are issued slowly, the market transaction atmosphere is cold, and the spot price of PBT is stable on the upward trading day.
2. Key factors affecting current market price changes
Supply: PBT devices are operating stably, and the market spot supply is sufficient.
Demand: Terminal demand lacks guidance from favorable factors, and the wait-and-see sentiment of the mainstream downstream of PBT remains, and rigid demand is still the main demand in the short term.
Cost: The price of raw material PTA is expected to rise but the range is limited, and the BDO market continues to consolidate, and the overall support for PBT cost is still there.
3. Trend prediction
The PBT market is expected to remain stable in the short term, mainly due to the struggle between poor demand and cost support. From the cost perspective, although the market is worried about the production cuts of downstream polyester factories, crude oil prices have risen, and PTA is expected to rise slightly today. The BDO market lacks the latest major news guidance and is expected to be light. Overall, although PBT terminal demand is not good, PTA and BDO still support PBT costs, and PBT is expected to remain stable today.