SunSirs: As the Off-season Approaching, CPP Market Remains Stable in China

https://www.chemnet.com   May 20,2024 SunSirs

　　ccording to the commodity market analysis system of the business club, CPP market prices were weak and stable this week. As of May 16, domestic manufacturers and tradersμThe mainstream offer price of M CPP optical film is about 10,133.33 RMB/ton, unchanged from the average price of last week, with a decrease of about 0.16% from the beginning of the month.

　　In terms of raw materials: the price of raw material PP was stable this week. The mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 7,821.43 RMB/ton, unchanged from last week (7,821.43 RMB/ton), and decreased by 0.27% compared with the beginning of this month (7,842.86 RMB/ton). The price of raw material PP ran smoothly this week but remained high, the cost side support was strong, and the price of CPP film was under pressure.

　　On the supply side: the membrane enterprises have sufficient inventory and still have surplus. After the May Day holiday, the membrane enterprises have resumed work one after another, and the pressure on the supply side is still on.

　　On the demand side: the film industry entered the off-season in May, and the replenishment operation of enterprises was just in need. The terminal inquiry was cautious, and the trading atmosphere on the floor was not significantly improved.

　　Entering the off-season in May, market demand releases inventory is limited, transactions are light, although the price is weak, there is little room for film enterprises to make profits, and it is expected that the CPP film price may be weak and volatile in the near future.

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