果酱视频

Polybutylene Terephthalate (PBT) prices in China, Germany, and the United States followed a mixed trend in April 2025, influenced by varying regional influences in upstream expenses, supply and demand dynamics, and macroeconomic sentiment. As China witnessed price recovery towards the latter part of the month after a muted opening, the European and U.S. markets tended to witness flat to weak downward trends amid lingering downstream weakness.

In China, PBT prices fell initially because of poor upstream cost support, as PTA values continued to remain soft and BDO supply tightened marginally only. Downstream demand remained soft, with procurement being postponed by buyers in view of policy uncertainty. However, prices recovered towards the end of the month as PTA costs firmed and BDO supply continued to tighten. PBT manufacturers, looking ahead to supply tightness due to planned maintenance at major PTA facilities, brought forward feedstock purchases to protect against shortage, adding cost-driven pressure to PBT pricing. Despite the uptick, demand continued to be wary, with most buyers buying just-in-time, keeping the rally cost-driven rather than demand-led.

German PBT market reflected overall price stability throughout most of the month, with supplies and demand in balance effectively limiting movements. European consumers adopted a cautious procurement policy owing to general macroeconomic fears and policy uncertainty. PBT consumption from downstream automotive and electronics sector continued to be low-key but consistent, with no notable regional inventory or feedstock input shifts. But prices started falling towards the latter part of April. Lower PTA prices, coupled with lacklustre demand from the automotive industry, enabled sellers to reduce PBT prices downward under competitive pressure.

In the United States, PBT prices stayed level, reflecting soft domestic demand and international bearish signals. Downstream industries, particularly the automotive sector, reduced production despite consistent upstream expenses due to low order levels and cost pressures. Supply chains ran at low rates, and inventories were adequate to deter new purchases. The announcement of a tariff suspension for 90 days yielded little market goodwill, unable to offset wider dismay at economic decline and policy inconsistency. With customer confidence weakening and manufacturing activity dull, trading was still minimal, underlining month-long price paralysis.

In the future, the international PBT market can expect additional regional divergence. In China, cost pressures driven by feedstock can continue to support short-term price increases, but chronic weak demand will likely cap the uptrend soon. Europe may not experience a quick recovery due to policy headwinds and weak automotive demand. The US PBT market will experience ongoing stagnation unless demand fundamentals improve. Across all regions, buyers are expected to remain cautious, focusing on inventory control and real-time cost signals before committing to bulk purchases.