News - Price Adjustment on Plastic Film of BOPP and BOPET

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Price Adjustment on Plastic Film of BOPP and BOPET

time2016/12/27

With the November price of materials continued to rise into the mid-December, the price of plastic film come into the callback stage.

PE

Yesterday (December 26) the price of PE in China market are mostly sideways, some continue to decline, the linear part in the down of 50-100 yuan / ton, individual high and low pressure to 50-150 yuan/ton.

Forecast: petrochemical stocks rose slightly at the beginning of the week, while the end of part of the sales pressure increased slightly, some take bulk discount or price policy, but this week coincides with the end of the New Year holidays, taking into account the strong pull up yesterday afternoon linear futures, PE spot market today is expected to offer slightly more support last week.

BOPP

The support of cost not strong, BOPP yesterday (December 26) continue to steadily drop, down 100-300 yuan/ton.

Forecast: film prices fell, the new plant transactions are weak. Under the influence of cost support is not strong , BOPP is expected to continue the recent weak run.

BOPET

Yesterday (December 26) the BOPET market in China stabilized mostly and individual went down. BOPET market cost support is not longer exist, make it difficult to follow up high-priced orders, individual callback.

Forecast: Most early stage orders can still maintain high steady in short-term, but as the lack of cost support, BOPET market is expected to short-term consolidation correction, the risk of long-term go down increase.