European Polybutylene Terephthalate (PBT) buyers continued to struggle in October. They are still facing low availability, long lead times, and high prices. While producers have resolved some of the plant issues, with one even lifting force majeure (FM), the need to replenish stocks and good demand left buyers fighting for volumes. What is more, the disruptions in the shipping market reduced imports, increased prices, and fuelled uncertainty over deliveries. However, the good demand and supply shortages were not the only factors pushing up prices of PBT in Europe. The increase in costs from the recent spike of the price of the main raw material butanediol (BDO) added more pressure on PBT prices. In addition, producers have experienced more pressure on costs recently. The rising energy prices is adding another layer of complexity during negotiations. And a slowdown in the automotive sector which continues to suffer from the shortage of semiconductors did little to balance the market. Demand in other sectors, such as electrical and electronics, is still strong. This is compensating, for now, the slowdown from the automotive industry. Nevertheless, should demand from the auto sector remain subdued for longer and supply continue to improve, players could face a more balanced market in 2022.
The GC Intelligence™ Polybutylene Terephthalate (PBT) Market Prices, Forecasts, and Analysis report is published during the first month of every quarter. The report contains market analysis, prices and forecasts of several grades, namely GF30 FR, GF30 and Unfilled PBT.
- GF30 FR