Today, the BOPP market price stabilized and consolidated, and a small amount of new orders were traded for rigid demand. Raw material futures fluctuated downward, spot prices loosened slightly, and the support on the cost side weakened; downstream companies consumed more of their previous stockpiles, and a small amount of rigid demand was traded in the market.
It is expected that BOPP will stabilize and consolidate in the near future, and some high prices may loosen slightly. The specific reasons are as follows:
Cost: Crude oil may continue to fluctuate, PP spot may be weak, and the cost side has limited support;
Demand: Downstream consumption is mostly in the early stage of inventory, and some people enter the market for just-needed purchases. The orders of film factories have not yet been fully delivered, which provides certain support for prices;
The trend chart of BOPP tape
