SunSirs: Supply and Demand are Stable, China BOPP is Running smoothly This Week (May 9-16)

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

　　According to the commodity market analysis system of the business club, the BOPP market price has run smoothly this week. As of May 16, the mainstream quoted price of 18μm BOPP film from China domestic producers and traders is around 9,633.33 RMB/ton, unchanged from the average price last week and the average price at 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 this week was stable but still high, the cost side support was strong, and the price of BOPP film was under pressure.

　　Supply: after the festival, the construction load of membrane enterprises gradually recovered, and the supply side's support for price weakened.

　　Demand: in the off-season, downstream procurement demand is weak, orders are mostly just needed to replenish, transactions are weak, and procurement is cautious. Market demand has weak support for price.

　　The price of upstream raw materials is on the high side, and the cost side still supports the market; Downstream demand enterprises are cautious in purchasing, mostly preparing goods, and the transaction is weak; The profit of membrane enterprises is at a low level, and there is little room for profit transfer. It is expected that the BOPP price will fluctuate in a narrow range in the near future.

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