Price trend

According to the Commodity Market Analysis System of Shengyishe, the CPP market prices have been weak and stable this week. As of May 16th, domestic producers and traders have reached 25 μ The mainstream quoted price for m’s CPP film is around 10133.33 yuan/ton, which is unchanged from last week’s average price and a decrease of about 0.16% from the beginning of the month.

quotations analysis

In terms of raw materials, the price of raw material PP remained stable this week. The mainstream quoted price for T30S (wire drawing) by domestic manufacturers and traders was around 7821.43 yuan/ton, which was unchanged from last week’s (7821.43 yuan/ton) and a decrease of 0.27% compared to the beginning of this month’s (7842.86 yuan/ton). The price of raw material PP has remained stable but still at a high level this week, with strong cost support and pressure on CPP film prices.

In terms of supply: membrane enterprises have sufficient inventory and still have surplus. After the May Day holiday, membrane enterprises have resumed work in succession, and the pressure on the supply side is still there.

In terms of demand: In May, the film industry entered a off-season, with enterprises mainly relying on replenishment operations for urgent needs. Terminal inquiries were cautious, and there was no significant improvement in the trading atmosphere on the market.

Future Market Forecast

Entering the May off-season, market demand releases limited inventory, resulting in weak transactions. Although prices have weakened, there is not much room for film companies to make concessions. It is expected that CPP film prices may experience weak fluctuations in the near future