The informative and reliable Polybutylene terephthalate (PBT) report is published weekly in Asia. In Europe PBT is covered in the Engineering Plastics report and includes Polyacetal (POM).
Contract price assessments are covered in Europe, while Asia focuses on spot activity. This valuable tool will support market players in business decisions. Our news and analysis includes regional overviews, production news, feedstock movements and graphs.
Updated to Q1 2021
Supply shrank as some facilities could not run at full tilt due to shortages of feedstock BDO. Some plant maintenance in China also constrained supply, with spot availability staying snug. Some suppliers put customers on allocation due to supply limitations. A Middle Eastern plant that was permanently shut at the end of 2020 also led to reduced supply to Asia.
Resin demand continued to strengthen as the vaccine-led recovery bolstered the automotive sector in Asia. Buying momentum was firm with users seeking additional spot parcels to meet increasing orders. Logistical challenges from tight vessel space and container shortages added to the cost of trading resins, while demand was at times difficult to meet due to the shipping issues.
Supply tightness continued throughout Q1 from the end of Q4, linked with low operating rates between 60-65%, impacted by the scarcity of feedstock BDO and PTA, which also encountered production obstacles. Furthermore, Asian exports to Europe were still very limited, mainly discouraged by high Asian prices and increased freight costs, some at least five times more than previous levels. There were also issues with the punctuality of some deliveries.
Consumption levels were healthy in January with momentum continuing from December. The rest of Q1 saw good and stable levels of demand. This was partly due to inventory replenishment linked to uncertain market conditions to ensure enough material availability during the value chain disruptions. The end-user automotive industry was doing well in terms of production, despite some slowdowns in sales due to lockdown restrictions.
We offer the following regional Polybutylene terephthalate analysis and news coverage to keep you informed of factors and developments affecting prices in the Polybutylene terephthalate marketplace.
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Polybutylene terephthalate or PBT is a semi-crystalline, white or off-white polyester similar in both composition and properties to polyethylene terephthalate (PET). It has slightly lower strength and stiffness than PET. PBT is softer, but it has higher impact strength and very similar chemical resistance. It is usually preferred for industrial scale moulding due to quicker crystallising. It is widely used in electronic, electrical, communications, fibre optics and automotive industries.
Polybutylene terephthalate (PBT) is included in the engineering plastics umbrella.
PBT is a thermoplastic polyester resin that has good impact strength, heat resistance and flow properties. It has many automotive applications such as mirror housings, fans, fuse boxes, cowl vents, and motor and ignition system components.
It also has uses in electrical and electronic products such as connectors, chip sockets, terminal boards, switches and circuit breakers.
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