BOPP: cost drag, membrane price cut since June 10, BOPP raw material polypropylene into the decline channel, as of June 20, polypropylene futures closed down about 500 yuan / ton, East China drawing price from 8900 yuan / ton to 8500 yuan / ton down 400 yuan / ton. During the cycle, polypropylene continued to decline the market, and the raw materials continued to decline. The last cycle of BOPP price increase was mainly driven by the cost. At this stage, the cost support receded, and the BOPP price fell down.
As of June 20, BOPP East China thick light film price in 10600-10800 yuan / ton, down 400 yuan / ton compared with October 10. During the cycle, the decline of BOPP showed a trend of slow and then urgent. In the early decline was also mainly because BOPP enterprises received high orders in the previous stage, and the early orders supported BOPP. In the later stage, with the continuous delivery of orders, BOPP followed the raw material polypropylene significantly, and the price continued to decline.Demand: just demand, user procurement enthusiasm is not high review of the BOPP decline channel process in its demand performance, “flat” two words is the most appropriate. Since BOPP entered the downward channel, its market demand performance is mainly sporadic orders. Individual enterprises have received orders on an appropriate number of individual days, and the overall performance is flat, and the days that enterprises have not delivered orders have also decreased successively.
According to Zhuochuang Information statistics, from June 10 to 20, BOPP enterprises received 85 tons of daily orders, and 131 tons since June, the overall average level; on June 17, enterprises did not deliver orders to 10 days, 3 days less than June 10. Cost drag, combined with the lack of support on the demand side, the BOPP has continued to fall for 10 days, and how the BOPP will perform next, will still focus on the cost and demand.Zhuo gen information: demand short-term recovery expectations is not high, hope on raw materials for the current BOPP market, its decline has lasted 10 days, the price has fallen four hundred yuan, the low market has been testing the buyer purchasing mentality, BOPP market is still in the off-season atmosphere, BOPP market reverse hopes on demand side support probability is not big, short-term BOPP market inflection point need to pay attention to the raw material end change. For the raw material polypropylene, on the one hand, focus on the change of the futures end, on the other hand, focus on the market supply and demand. There are many uncertainties in the futures market, but its adjustment is also based on spot fundamentals. For polypropylene market supply and demand relationship, the supply side, although no new capacity is released, but some maintenance device plans to restart, no new maintenance device in the short term, the supply is expected to increase slightly; the demand side, the downstream start change is not much, just need to release smoothly, but the recent insufficient new downstream orders, late traditional demand off-season demand has weaker expectations. Overall, polypropylene short-term weak operation probability is large, but in the case of the market has continued to fall for 10 days, the decline trend is expected to slow down, and alert to the possibility of its price bottoming out rebound. In general, BOPP short-term weak market will continue, in the lack of demand side support background, its price adjustment will closely follow the raw material polypropylene, east China thick light film price or at 10500-10800 yuan / ton.
Post time: Jun-28-2022