Price trend
According to the price monitoring of Business Society, the CPP market has been operating in a weak and volatile manner at a low level this month. As of May 30th, the price of 25 μ m CPP composite film is around 10133.33 yuan/ton, a decrease of about 0.16% compared to the beginning of the month. The highest point of the price occurs in the middle of the second half of the month, with a price of about 10183.33 yuan/ton, and the lowest point occurs in the middle of the month, with a price of about 10133.33 yuan/ton.
quotations analysis
From the above chart, it can be seen that the price of raw material PP has fluctuated and increased this month. The mainstream quoted price of T30S (wire drawing) by domestic producers and traders is around 7964.29 yuan/ton, which is about 1.55% higher than the price level at the beginning of the month (7842.86 yuan/ton). The highest point of the price appeared in the latter half of the year, at 7964.29 yuan/ton, and the lowest point appeared in the middle of the first half, at a price of about 7712.50 yuan/ton. The raw materials fluctuate upwards, and the cost side provides strong support for CPP, which significantly boosts the price of CPP films and puts greater pressure on prices.
After the holiday, the operating load rate has gradually rebounded, and there is sufficient supply of spot goods.
In terms of demand: entering the off-season, many downstream enterprises are in urgent need of replenishment, with weak trading volume and cautious inquiries. Market demand still has weak support for prices.
Future Market Forecast
Downstream inquiries are cautious, demand is in the off-season, and there is not much room for film companies to make concessions. It is expected that CPP prices will fluctuate and consolidate in the near future.
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