BOPET prices: Stable operation but early signs of decline BOPET orders support prices rebounded slightly in early August, then entered a plateau;Recent BOPET market East China 12 μm ordinary film to discuss the center of gravity slightly down, high price difficult to deal with.This price decline is mainly due to the unsatisfactory performance of demand, followed by a certain recovery of BOPET profit after the decline of the cost end.
As of August 19, the negotiation and transaction of BOPET 12μ ordinary film in East China was 8410-8610 yuan/ton, which was stable compared with the previous trading day, 400 yuan/ton lower than the same period last month, and 2450 yuan/ton lower than the same period last year. ; Negotiated transaction 20μ-75μ general thickness 8310-8510 yuan / ton; transaction in general. In North China, the negotiation of 6μ ordinary film is 11200-11600 yuan/ton; the release substrate is 10000-10500 yuan/ton; the bronzing film is negotiated 8800-9200 yuan/ton; the transaction is light.
Market outlook forecast: poor demand, BOPET deposit fall back expected cost: recent crude oil fluctuations are more frequent, the market guidance is limited. The raw material PTA maintenance equipment is expected to be restarted, and the supply and demand may increase. Although the start of polyester production has rebounded slightly, the contradiction between supply and demand in the market is still there. Supply: The production of some production lines in the BOPET market has been unstable recently, and the industry has started at around 70%; however, the subsequent production lines are expected to stabilize production one after another, the industry will start or improve, and the supply will increase. In addition, the current inventory is at a high level, and the market supply is sufficient. Demand: At present, the demand for August 15th and 11th holidays has been activated, but the downstream purchase of BOPET substrates has not been significantly improved, and most of them still maintain just need to replenish. Secondly, most of the downstream color printing, aluminum plating, coating and other demand areas have maintained 50% of the start-up. Although it has improved slightly compared with the previous period, it cannot drive the concentrated release of real demand. Mentality: In the early stage, the BOPET market mostly hoped that the demand for holidays such as August 15th and 11th would start, but there has not been much response so far. Moreover, in the current situation where the rise of film prices is hindered, the raw materials are weak, the supply pressure has not yet eased, and the demand has not improved significantly, the market’s bearish mentality has gradually taken the upper hand. Overall, the BOPET market is expected to be weak in the short term or within a narrow range, but due to the surviving rigid demand and negative market profits, the decline in market prices may be limited. Zhuo Chuang Information predicts that the negotiated price of 12μ ordinary film in East China in the BOPET market may be adjusted to 8010-8510 yuan / ton in succession, and the low-cost replenishment may increase.
Post time: Aug-22-2022