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BOPP, BOPET and other films enter multiple rounds of price increase cycle

BOPP, BOPET and other films enter multiple rounds of price increase cycle

2019-07-23

In July, affected by the high international oil price operation, the domestic BOPP and BOPET film market offer once again entered a new round of price increase channel. In addition, no new film production capacity was put into production this year. It is expected that various packaging films will enter multiple rounds of price increases. cycle.


BOPP film

On July 9th, the domestic BOPP was raised. The atmosphere of the transaction was general. The thick film increased by RMB 100/ton compared with the previous trading day, and the price was RMB 650/ton higher than the previous year, which was RMB 200/ton higher than the same period last year.

Forecast: The international oil price is running at a high level, giving the commodity market a certain support. PP futures opened higher in the morning to boost the spot, and the petrochemical part of the petrochemical sector increased, the spot price slightly increased, the cost of the BOPP market support is still strong; BOPP market high-priced new orders are not much, the initial order cumulative delivery. Zhuo Chuang expects that the domestic BOPP price will be high in the near future, and the transaction will focus on negotiation.


BOPET

On July 9th, the domestic BOPET market was consolidating at a high level. Among them, the price of ordinary film of 12μ thick direct-melting method was significantly higher than that of the first quarter. The 6μ ordinary film offer in North China was 16500-17000 yuan/ton.

Forecast: The oil price is running at a high level, and the main raw material of polyester raw material PTA continues to fluctuate, and the cost is supported by the BOPET market. The overall order of the BOPET film production enterprises was full, and the price was strong, and no new capacity was put into production during the year. Zhuo Chuang expects that the BOPET market price will enter a continuous upward channel after the completion of the price.


PVC

In July, the domestic PVC market was narrowly consolidated, and the futures were slightly down. The spot atmosphere was general, the prices in some areas were slightly loose, the enthusiasm for inquiry and procurement was not good, and the overall trading was relatively dull.

Forecast: On July 9th, the domestic PVC market was narrowly consolidated, and trading continued to be flat. The current upstream inventory pressure is not large, most of them still have pre-sales, the downstream continues to be just purchased, the fundamentals change little, the macro side is relatively calm, and the futures may continue to fluctuate within a narrow range.


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