Price trend

According to the Commodity Market Analysis System of Shengyishe, the BOPP market prices rose last week. As of May 27th, the mainstream quoted price for 18 μ m BOPP film by domestic manufacturers and traders is around 9783.33 yuan/ton, an increase of about 1.56% from last week’s average price and about 1.56% 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 increased first and then decreased this month. The mainstream quoted price of T30S (wire drawing) by domestic manufacturers and traders is around 7907.14 yuan/ton, which is 0.82% higher than the beginning of this month (7742.86 yuan/ton). The price of raw material PP first rises and then falls, providing some support for the cost side of BOPP prices.

In terms of supply: the operating load rate of membrane enterprises increased slightly, the supply side increased, and the inventory pressure of membrane enterprises increased.

In terms of demand: Downstream enterprises mostly restock for urgent needs, with weak willingness to restock, cautious procurement, weak transaction volume, and weak market demand for price support

Future Market Forecast

The overall price of upstream raw materials has fluctuated upwards, and the cost side has increased support for the market. However, downstream demand enterprises are cautious in procurement, mainly restocking, and transactions are weak. It is expected that BOPP prices will experience narrow fluctuations and consolidation in the near future.