In June, the biaxially oriented polypropylene film (BOPP) market fluctuated and fell. After the polypropylene market fell in July, it showed a fluctuating trend. The BOPP cost-side guidance was not good, the weak terminal demand pattern did not improve, and the film price fluctuated and lowered. On the whole, BOPP may continue its weak and volatile trend in July.
According to Zhang Minmin, an analyst at Jinlianchuang Plastics, at the beginning of June, there was no significant increase in the demand side of BOPP, and the film price dropped within a narrow range; in the middle of the month, the trend of polypropylene (PP) futures was positive, and the ex-factory prices of petrochemical and petrochemical companies Partial rise, BOPP cost side support is acceptable, and it was on the eve of the Dragon Boat Festival holiday, BOPP transactions improved. Subsequently, when the Dragon Boat Festival returned, the polypropylene market was under pressure and the raw material support became weak. Under the combination of factors, the accumulated orders of membrane factories at this stage are mostly within 5-15 days, and some enterprises' orders have reached the end of July. At present, the downstream market price of BOPP generally goes down. As of July 3, the retail market price in Yiwu, Zhejiang Province in East China has been lowered. The quotation of thick optical film is 8,300 yuan/ton, and the quotation of 17μ optical film is 9,600 yuan/ton; 18μ light film is 9200 yuan/ton.
Zhang Minmin predicts that from the supply side, the global crude oil market is in the peak consumption season in July, and demand is relatively optimistic. Driven by demand, crude oil may have a certain room for growth, which is a positive support for the polypropylene market. However, the situation of strong supply and weak demand is hard to change. The polypropylene market may fluctuate in a wide range, and the cost support for BOPP is general. From the perspective of demand, July is the traditional off-season of the industry, and it may be difficult to increase the volume of actual transactions. Therefore, the BOPP market may continue to fluctuate weakly in July. (Zhong Hua)
In June, the biaxially oriented polypropylene film (BOPP) market fluctuated and fell. After the polypropylene market fell in July, it showed a fluctuating trend. The BOPP cost-side guidance was not good, the weak terminal demand pattern did not improve, and the film price fluctuated and lowered. On the whole, BOPP may continue its weak and volatile trend in July.
According to Zhang Minmin, an analyst at Jinlianchuang Plastics, at the beginning of June, there was no significant increase in the demand side of BOPP, and the film price dropped within a narrow range; in the middle of the month, the trend of polypropylene (PP) futures was positive, and the ex-factory prices of petrochemical and petrochemical companies Partial rise, BOPP cost side support is acceptable, and it was on the eve of the Dragon Boat Festival holiday, BOPP transactions improved. Subsequently, when the Dragon Boat Festival returned, the polypropylene market was under pressure and the raw material support became weak. Under the combination of factors, the accumulated orders of membrane factories at this stage are mostly within 5-15 days, and some enterprises' orders have reached the end of July. At present, the downstream market price of BOPP generally goes down. As of July 3, the retail market price in Yiwu, Zhejiang Province in East China has been lowered. The quotation of thick optical film is 8,300 yuan/ton, and the quotation of 17μ optical film is 9,600 yuan/ton; 18μ light film is 9200 yuan/ton.
Zhang Minmin predicts that from the supply side, the global crude oil market is in the peak consumption season in July, and demand is relatively optimistic. Driven by demand, crude oil may have a certain room for growth, which is a positive support for the polypropylene market. However, the situation of strong supply and weak demand is hard to change. The polypropylene market may fluctuate in a wide range, and the cost support for BOPP is general. From the perspective of demand, July is the traditional off-season of the industry, and it may be difficult to increase the volume of actual transactions. Therefore, the BOPP market may continue to fluctuate weakly in July. (Zhong Hua)
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