European Polybutylene Terephthalate (PBT) market faces downside pressure in February, according to the latest GC Intelligence market analysis.
European PBT market prices continue to face downward pressure, with forecasts predicting further decreases throughout the year.
Despite a slight ease in pressure from Asian imports, negative factors such as falling gas prices and macroeconomic weakness persist.
Some industries are performing better than others. The automotive sector continues to show signs of improvement. However, the construction and consumer goods industries have experienced a slowdown.
Although there have been some positive developments in the supply of PBT, suppliers are still facing high costs. As such they have been reluctant to make significant price decreases.
verall, the European PBT market remains uncertain, with the potential for a rebound later in the year, but the best-case scenario for now is an ease in the downside.