The price of BOPP tape, which has been hitting the bottom, is showing signs of rising. In the past two days, friends who have been paying attention to the market price, do you feel that the quotations of all manufacturers of BOPP jumbo roll in China are getting higher and higher day by day? And it also revealed the momentum of continuing to rise in the later period.
There must be a reason for such a sudden price increase. On May 1, 2023, Beijing time, an explosion occurred in the factory area of Luxi Chemical, a large chemical plant in North China, resulting in 9 deaths and 1 injury, and its stock price fell by the limit. The explosion affected the octanol warehouses of adjacent enterprises and some pipelines leaked and burned. The detailed cause of the explosion is still under investigation.
Luxi Chemical and the nearby octanol company are upstream companies in the supply chain of BOPP tapes. This accident caused a reduction in the supply of butyl acrylate, the main raw material for BOPP tapes, and caused panic in the supply of raw materials in the market. It is expected that the price of BOPP tape jumbo roll and related products will continue to rise in the short term. Shandong topever recommends that all partners refer to their raw material inventory and replenish BOPP tape jumbo roll and stretch film in time to avoid later prices exceeding expectations.
Post time: May-05-2023