February 28th News — Ruifeng High-Tech stated in response to investor inquiries that the company is currently utilizing its existing 60,000-ton-per-year PBAT project facility, with a total investment of 10.139 million yuan, to carry out modifications to enable the production of high-end polyester materials PETG/PCTG. After the transformation, the planned capacity for this project is 30,000 tons per year, with gradual commissioning expected by mid-2026. Chempricehub Analysis of 1,4-Butanediol, Bull-Bear Score: +1 Ruifeng High-Tech is modifying its production line to add 30,000 tons of PETG/PCTG capacity, which will be commissioned by mid-2026. The production of PETG/PCTG requires 1,4-butanediol as a core raw material (accounting for approximately 30%–40% of the composition). The additional capacity will significantly increase the spot demand for 1,4-butanediol. Based on an estimated consumption of 0.4 tons of 1,4-butanediol per ton of PETG, the project is expected to generate an additional annual raw material demand of approximately 12,000 tons after commissioning. Against the backdrop of the current tight supply-demand balance, this constitutes a clear positive factor. However, considering the relatively long commissioning timeline of the project and the absence of futures market data, short-term price drivers will still be primarily influenced by the actual procurement pace in the spot market. Therefore, a moderate positive (+1) score is assigned.