Currently, the price of BOPP tape is increasing, due to the higher cost of butyl acrylate and BOPP film.
Major affecting factors:
Frist, raw materials. BOPP tape jumbo roll price affected by the price of butyl acrylate and BOPP film, but the price adjustments is lagging behind raw materials, and industry players are cautiously watching changes in raw materials. Before and after Chinese Spring Festival holidays, the price of butyl acrylate increase significantly, which provide strong support of the price of BOPP tape jumbo roll. BOPP film company increase the price, then market price follow the narrow fluctuation of raw materials.
Second, the contradiction between supply and demand is still an important factor affecting the market. The new production capacity of BOPP tape jumbo roll released rapidly, and the growth rate of demand slow down, which will deepen the contradiction between supply and demand in the BOPP tape industry.
Last, market demands
in the first quarter, the BOPP tape jumbo roll price increased due to the replenishment around the Spring Festival.
in the second quarter, the market is in the off-season for packing industry, lacking cost and demand support, and the trend of BOPP tape jumbo roll price was weak.
in the third quarter is the traditionally peak season of demands, but this year there was a "slack peak season" phenomenon, and prices began to rise at the end of September.
in the forth quarter, with the increased demands of packing tape, the price is increasing.
