Polybutylene Terephthalate (PBT) Prices: During the Quarter Ending December 2023

North America

In Q4 2023, the North American Polybutylene Terephthalate (PBT) market witnessed a downturn marked by subdued demand and supply constraints, maintaining price stability by the quarter's end. Elevated production costs of crude oil impacted input expenses, while destocking efforts persisted due to prolonged weak demand and cost considerations. Downstream companies scaled back purchasing activities amidst inflationary pressures. Despite manufacturers lowering factory gate charges to remain competitive, the rate of price decline slowed, with the US market particularly affected by high costs, sluggish demand, and decreasing prices. US PBT producers maintained consistent prices throughout the quarter, with Polybutylene Terephthalate (PBT) IM Grade FOB New York ending at USD 3404/MT.

Get Real Time Prices of Polybutylene Terephthalate (PBT): https://www.chemanalyst.com/Pricing-data/polybutylene-terephthalate-pbt-1203

APAC

In the APAC region, the PBT market experienced a bearish trend in Q4 2023, driven by weak demand in the automotive sector and ample inventory availability. Japan saw price drops due to surplus supplies and weakened domestic and regional demand, while destocking sentiments and pre-procured inventories affected price momentum. Asian markets remained steady, but China experienced significant price declines due to muted demand and abundant stocks. Lower feedstock costs and declining PTA prices further subdued market sentiment, leading to price cuts. PBT IM Grade FOB Tokyo in Japan for the quarter stood at USD 3210/MT.

Europe

Europe's PBT market saw a balanced scenario in Q4 2023, with moderate to high supply and modest demand. The automotive segment showed marginal momentum amidst high interest rates and slow international demand, impacting prices. Production rate restrictions and raw material shortages pushed prices slightly upward in Germany following stagnant prices in October. Reduced feedstock costs influenced the quarterly price trend, prompting producers to consider short-term sustainability measures. Crude oil price fluctuations also impacted input costs. Polybutylene Terephthalate (PBT) IM Grade FOB Hamburg in Germany closed the quarter at USD 4774/MT, with marginal signs of downstream automotive demand recovery attributed to decreased stocks and improved sales volume.

Get Real Time Prices of Polybutylene Terephthalate (PBT): https://www.chemanalyst.com/Pricing-data/polybutylene-terephthalate-pbt-1203

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