After the retreat in October, PBT prices remained under pressure in November. A few factors were putting pressure on prices, but mainly it was the lack in demand.
Demand was being weakened by seasonal factors and a slowdown in activity linked to inflationary pressures. Meanwhile, gas prices have retreated from the peaks, but remain relatively high and continued to support polymer prices.
As prices remain high in Europe, the lower demand in China has fueled competitive imports from the region. In fact, import prices have sunk to below €2000/mt.
While certifications make it difficult for some players to switch suppliers, overall, it is inevitable that such attractive offers place pressure on European prices. Finally, a slowdown in costs has added even more pressure on prices.
Gas futures remain high but have retreated quite substantially from the record levels of the summer. And one of the main feedstocks, butanediol has dropped quite considerably during the past few months, from close to €5000/mt to just below €3000/mt.
The market update is an exerpt fromt the monthly report.
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