BOPP Tape Jumbo Roll Current Market Price Trend Analysis
Biaxially oriented polypropylene (BOPP) film is one of the main raw materials used to produce BOPP tape, while butyl acrylate is a key component of the adhesive used to coat the tape. The price of BOPP film and butyl acrylate can influence the production cost of BOPP tape and ultimately impact its market price.
This week, the price of BOPP film rose slightly after falling, and the price center shifted downward, while the transaction volume of new orders was limited. Although crude oil has risen in the early stage, there are not many new orders this week, and the average daily order volume this week is only about 22 tons higher than last week. It is predicted that next week BOPP may be stable and sideways, and the market will be dominated by just-needed replenishment.(Figure 1)
This week, the market price of butyl acrylate fell after a stalemate. Although some major manufacturers concentrated their equipment maintenance period at the beginning of this week, intending to increase the shipment price, the resumption of work by downstream enterprises in the industry was weaker than expected. As of this Thursday, the market price of butyl acrylate fell by about 2.4%. It is estimated that next week, the butyl acrylate market will be stable, medium and weak, and the possibility of adjustment is relatively high.(Figure 2)
In February, the market demand for packaging tape has not recovered. Downstream slitter users mainly digest the inventory ordered before the Spring Festival. The contrast between the inventory of BOPP tape jumbo roll manufacturers and the undelivered orders has led to a weak decline in the price of BOPP tape jumbo roll , the price fell by 250 yuan / ton from Thursday, a drop of 2.4%. In the later period, the price trend of BOPP tape jumbo roll still depends on demand. It is expected that the price will continue to be weak in the short term, but the decline will be narrowed compared with the previous period.(Figure 3)
Post time: Feb-17-2023