Price trend

According to the Commodity Market Analysis System of Business Society, the BOPP market price continued to slowly decline this week. As of March 18th, domestic producers and traders μ The mainstream quoted price of BOPP film for m is around 9566 yuan/ton, a decrease of about 0.3% from last week’s average price and about 0.6% from the beginning of the month’s average price.

quotations analysis

In terms of raw materials: From the above chart, it can be seen that the price of raw material PP has fluctuated and increased this month. The mainstream quoted price of domestic manufacturers and traders T30S (wire drawing) is around 7720 yuan/ton, an increase of about 0.1% compared to last week. The cost support of raw material PP for BOPP prices is slightly stronger, but there are more bearish factors.

On the supply side, there are still some undelivered orders, with abundant inventory, increased operating rates of film companies, and sufficient supply on the supply side

In terms of demand: Downstream enterprises have insufficient demand, resulting in reduced order volume and weak market demand for price support

Future Market Forecast

It is expected that BOPP prices will slowly decline.