According to the Commodity Market Analysis System of SunSirs, the BOPP market price fluctuated and declined narrowly last week. As of April 6th, the mainstream quoted price of 18 μm BOPP film from China domestic producers and traders is around 9,583.33 RMB/ton, a decrease of about 0.26% from the average price of the previous week and about 0.26% from the average price at the beginning of the month.

In terms of raw materials, the price of raw material PP has fluctuated and increased this month. The mainstream quoted price of T30S (wire drawing) by domestic manufacturers and traders is around 7,785.71 RMB/ton, an increase of about 0.28% compared to last week. The price of raw material PP has slightly increased, and the cost support of raw materials for BOPP prices is still ongoing.

Supply: The operating load rate of membrane enterprises is still at a relatively high level, about 53%. The supply side is sufficient, and the inventory pressure of membrane enterprises increases.

Demand: Downstream enterprises mostly replenish essential goods, with less replenishment and low transaction volume. They tend to remain wait-and-see, with weak trading volume and weak market demand for price support

The overall stability of upstream raw material prices is relatively strong, and the cost side still provides support for the market. However, downstream demand enterprises are mostly just in need of replenishment, and transactions are weak. It is expected that BOPP prices will experience narrow fluctuations and consolidation in the near future.

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