SunSirs: China BOPP Rises in a Narrow Range
April 16 2024 11:09:35 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the BOPP market saw a narrow upward trend in prices last week. As of April 11th, the mainstream quoted price of 18 μm BOPP film from China domestic producers and traders is around 9,633.33 RMB/ton, an increase of about 0.52% from the previous week's average price and about 0.26% from the beginning of the month's average price.
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 7,814.29 RMB/ton, which is 0.92% higher than the beginning of this month (7,742.86 RMB/ton).
The price of raw material PP has increased, and the cost support of raw materials for BOPP has been strengthened.
In terms of supply: the operating load rate of membrane enterprises has increased slightly. How to increase supply at the supply side and the inventory pressure of membrane enterprises have increased.
In terms of demand: Downstream enterprises mostly replenish essential goods, with less replenishment, low transaction volume, low purchasing intention, weak trading volume, and weak market demand for price support
The overall price of upstream raw materials has fluctuated upwards, and the cost side has increased support for the market. However, downstream demand enterprises have weak purchasing intentions and weak transactions. It is expected that BOPP prices will experience narrow fluctuations and consolidation in the near future.
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- 2024-04-26 SunSirs: Cost Boost, China BOPP Film Falls and Rises in April
- 2024-04-19 SunSirs: Rise and Fall, the Average Price of China BOPP Remains Stable This Week
- 2024-04-08 SunSirs: Increased Inventory Pressure, China BOPP Experienced a Narrow Range of Downward Fluctuations Last Week
- 2024-03-27 SunSirs: Cost Support for Crude Oil and PP, China BOPP Fluctuates strongly at High Levels and Consolidates
- 2024-03-20 SunSirs: China BOPP Prices Continue to Decline slowly
