The price of isooctanol fluctuated and fell in April

According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the quotation for isooctanol was 9680 yuan/ton, a fluctuation of 3.78% compared to the price of 10060 yuan/ton on April 1st. In April, isooctanol did not continue its decline in March, and the price of isooctanol weakened and consolidated. The price of raw material propylene fluctuates and consolidates, with limited cost support; The production of plasticizer enterprises has slightly decreased, and downstream customers have average purchasing enthusiasm. Isooctanol manufacturers sell at low prices, and the positive support for Isooctanol has weakened.

Propylene prices fluctuated and consolidated in April

According to the propylene commodity market analysis system of Shengyishe, as of April 29th, the propylene price was quoted at 6794.60 yuan/ton, a fluctuation decrease of 0.79% compared to the propylene price of 6848.60 yuan/ton on April 1st. The high price of crude oil has fallen, and the cost of propylene has decreased. In April, the price of propylene first rose and then fell; Downstream production of propylene has decreased, downstream customers are in urgent need of procurement, propylene enterprises have sufficient supply, propylene enterprises have decreased willingness to raise prices, and propylene prices are weak and consolidating.

Downstream fluctuations and declines in the isooctanol industry chain in April

According to the commodity market analysis system of Business Society, the isooctanol industry chain experienced a complete decline in April. The downstream products of the isooctanol industry chain have all experienced varying degrees of decline, and the demand support for isooctanol has weakened. In April, the price of isooctanol fluctuated and fell. Downstream demand has decreased, and the downward pressure on isooctanol will increase in the future.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices are weak and consolidating, while support for isooctanol costs is weakened; On the supply side, the inventory of isooctanol manufacturers is low, and manufacturers are actively shipping at low prices, resulting in sufficient supply of isooctanol; In terms of demand, downstream product prices of isooctanol fluctuated and fell in April, with limited support for downstream demand. Stock up before the May Day holiday, and support for downstream demand growth still exists. In the future, with sufficient supply of octanol and limited demand support, cost support is weakened, and it is expected that octanol prices will fluctuate and consolidate weakly in the future.

This week (4.22-28), domestic adipic acid maintained stable operation. According to the Commodity Market Analysis System of Shengyishe, as of April 28th, the weekly increase and decrease of succinic acid for this week was 0. At present, the market quotation range for adipic acid is between 9500-9700 yuan/ton. The main reason is that there is not much positive impact on the cost side, supply and demand remain stable, and the market lacks momentum to push up.

Cost side: Overall profit from raw material costs

Since entering April, crude oil has maintained a range adjustment as the main trend, and the cost side has gradually weakened compared to the previous period. The domestic pure benzene price has not changed much this week. According to the Commodity Market Analysis System of Shengyishe, pure benzene has slightly declined this week, with a decline of 0.1%. The main refinery’s quotation has not changed much. Although the price of pure benzene has slightly fallen this week, there is still some support on the cost side at present; By the weekend, the spot trading range in East China is between 8700-8750 yuan/ton.

Supply side: Rumors of continuous supply and tightening expectations for equipment maintenance in enterprises

From the perspective of market supply: At the end of the month, domestic large factories of adipic acid introduced settlement prices, which have not changed much compared to the previous month. But the listing price in May was generally lower than last month. There may be room for price loosening by the manufacturer in the later stage. This is mainly based on the current situation where there is not much change in the equipment. But with the continuous release of maintenance news in the later stage, the expected decrease in supply may lead to a sustained strong operation of adipic acid. Specifically, in terms of equipment, both Haili and Tianli High tech have maintenance plans next month. In the later stage of supply, it may be beneficial for the formation of adipic acid.

Demand side: Difficulty in forming a strong boost on the demand side

The downstream of adipic acid is relatively sluggish. Terminal procurement maintains essential needs. Taking PA66 as an example, the price remained low and unchanged this week. Currently, the price has reached a high level, and downstream consumers generally have resistance to high prices. The demand in the end market is average, and more purchases are made on demand. The market spot supply and demand remain stable. According to the Commodity Market Analysis System of Shengyishe, the price of PA66 this week was 0. During the weekend, the market price of PA66 in Zhejiang region is around 23000 yuan/ton.

Future prospects

Regarding the future market, analysts from Shengyishe Adipic Acid believe that the current cost side is favorable or downplayed, with crude oil at a high level, but the possibility of further upward movement in the future is small. Pure benzene prices may remain weak, and factories have shown a clear willingness to support the market. The supply side will still maintain a tight pattern, which will continue to support the strong pattern of Adipic Acid prices. Considering the constraints on the demand side, the increase in adipic acid will be limited.

According to the Commodity Market Analysis System of Shengyishe, the mixed xylene market has recently seen a high consolidation from April 16th to April 23rd. On April 23rd, the benchmark price of mixed xylene was 7910 yuan/ton, a slight decrease of 0.25% from 7930 yuan/ton on April 16th.

International crude oil fluctuates and falls, mixed with xylene cost support weakening

Recently (4.16-4.23), due to the unexpected increase in US crude oil inventories, weakened demand expectations, and the suppression of conflict risk premiums, international crude oil prices have fluctuated and fallen, weakening support for the cost of mixed xylene. As of April 22, WTI06 contract settlement is 81.90 US dollars per barrel; Brent 06 contract settlement is $87.00 per barrel. The high prices of mixed xylene in Asia still provide support for the domestic market, with prices of heterogeneous grade xylene in Asia ranging from 980-981 US dollars per ton as of April 22.

Mixed xylene port inventory slightly decreases, supply pressure slightly alleviates

The inventory of mixed xylene at ports has slightly decreased, but the supply pressure remains at a high level. It is understood that as of April 18th, the total inventory of xylene in East and South China amounted to 71000 tons, which continued to decline compared to the previous period.

The production of xylene has significantly decreased, and the demand for mixed xylene is weak

The starting price of xylene has dropped to a high level, and PX units such as Urumqi Petrochemical, Hengli Petrochemical, and Ningbo Zhongjin have successively shut down for maintenance. Domestic PX production has significantly decreased, and as of April 22, PX production has slightly decreased to around 70%. The price of PX in the Asian outer market has slightly decreased, which still provides some support for the domestic PX market. As of April 22, the closing price in the Asian region was 1026 yuan/ton FOB South Korea and 1051 US dollars/ton CFR China.

The production of phthalic anhydride continues around 60%, and the demand for mixed xylene is stable, moderate, and weak

The domestic phthalic anhydride plant is running smoothly, and Anhui Tongling ortho phthalic anhydride is starting to be shipped normally. The 100000 ton phthalic anhydride plant of Xinyang Group is running steadily, and Shandong Hongxin phthalic anhydride is operating normally. Recently, the domestic phthalic anhydride operating rate is around 60%, and the spot supply of phthalic anhydride is normal. The production situation of phthalic anhydride manufacturers is average. Recently, the price of industrial naphthalene is stable, and the naphthalene phthalic anhydride market is mainly stable. As a result, the price of ortho phthalic anhydride has not changed much.

The domestic mixed blending market is recovering slowly, and the demand for mixed xylene continues to be weakly supported

The recovery of the domestic mixed blending market is slow, and the demand for mixed xylene is weak. As of April 18th, the operating rate of refineries nationwide has remained around 70%.

Expected decrease in supply of mixed xylene for planned maintenance of multiple devices

Jiangsu Xinhai Petrochemical’s aromatics were shut down for maintenance on April 7th. There are still plans for equipment maintenance in May and June, and overall, the supply of mixed xylene is expected to decrease in the later period, which provides some support for the mixed xylene market.

Future Market Forecast:

From a technical perspective, the mixed xylene index chart of Business Society shows that the 7-day moving average has been basically above the 30 day moving average since the beginning of the year, and is showing an upward trend. During this period, the price of toluene gradually increased; At present, the 7-day moving average is still above the 30 day moving average, and the price of mixed xylene is still supported by the 30 day moving average.

From a fundamental perspective, in the short term, the international crude oil market will consolidate at a high level, with some support for the cost of mixed xylene; Downstream PX and mixed blending industries saw a slight decline in production, while the phthalic anhydride industry saw a low level of production. The overall support for the demand for mixed toluene was weak; Multiple domestic devices are scheduled for maintenance in the later stage, and the supply of mixed xylene is expected to decline. Overall, it is expected that mixed xylene will slowly decline in the later stage.

This week, the price of plasticizer DBP stopped falling and rebounded

According to the Commodity Market Analysis System of Shengyishe, as of April 22, the DBP price was 9337.50 yuan/ton, a fluctuation increase of 0.27% compared to the DBP price of 9312.50 yuan/ton on April 15; Compared to April 1st, the DBP price fluctuated and fell by 0.27% at 9362.50 yuan/ton. This week, DBP rebounded slightly, with the raw material n-butanol consolidating strongly, the price of isooctanol fluctuating and rising, and the cost of DBP rising; The decline in downstream spring maintenance work compared to the same period last year, the lower than expected decrease in demand for plasticizer DBP, and the fluctuating rise in DBP prices.

The price of n-butanol has stabilized strongly this week

According to the Commodity Market Analysis System of Business Society, as of April 22, the price of n-butanol was 7900 yuan/ton, an increase of 0.85% compared to the price of 7833.33 yuan/ton on April 15; Compared to April 1st, the price of n-butanol fluctuated and decreased by 0.63% at 7950 yuan/ton. The overall production capacity utilization rate in the n-butanol field has slightly decreased, and the overall supply pressure in the n-butanol market has been alleviated. The supply side provides support to the n-butanol market. The downstream demand for n-butanol is mainly for on-demand procurement, with some users stocking up on a small scale. The overall inquiry atmosphere on site has improved, and the demand support is limited. The support for the rise of n-butanol still exists, with strong consolidation of n-butanol prices and significant support for DBP costs.

Isooctanol prices fluctuate and rise

According to the Commodity Market Analysis System of Business Society, as of April 22, the quotation for isooctanol was 9640 yuan/ton, an increase of 1.26% compared to the quotation of 9520 yuan/ton on April 15; Compared to April 1st, the price of isooctanol fluctuated and decreased by 4.17% to 10060 yuan/ton. This week, the price of isooctanol has fluctuated and risen, while the price of raw material propylene has fluctuated and risen. With cost support, the downward pressure on isooctanol has weakened, and the upward momentum has increased; Downstream customers still have purchasing enthusiasm, while iso octanol manufacturers are actively shipping. The positive support for iso octanol is significant.

Downstream enterprises have less than expected maintenance

The capacity utilization rate of downstream production enterprises in DBP decreased month on month, but the maintenance of enterprises did not meet expectations, and the capacity utilization rate of enterprises increased year-on-year. The maintenance is mainly concentrated in mid April, and the expected increase in downstream construction and production in the next week is expected to lead to an increase in demand for plasticizers.

Future expectations

Business Society plasticizer product data analysts believe that in terms of cost: n-butanol is consolidating strongly, isooctanol prices are fluctuating and rising, DBP raw material costs are rising, and DBP’s upward momentum is increasing; On the supply side, plasticizer DBP manufacturers are operating steadily, and there is an oversupply of DBP; In terms of demand, downstream manufacturers will undergo spring maintenance, but the decrease in operating load is less than expected, and the demand for plasticizers is still supported. In the future, cost increases and demand increases; Expect DBP prices to fluctuate and rise in the future.

The market for ortho xylene is temporarily stable this week

According to the commodity market analysis system of Business Society, as of April 19th, the price of ortho xylene was 8300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on April 12th, which was 8300 yuan/ton. Insufficient positive support, the ortho xylene market is temporarily stable this week.

The price of mixed xylene has slightly increased, while the cost of ortho xylene has slowed down; The price of phthalic anhydride has remained stable with an increase, while the demand for ortho xylene remains supported by costs and demand. This week, there is a strong upward momentum for ortho xylene.

The price of mixed xylene raw materials fluctuated slightly and rose

According to the mixed xylene commodity market analysis system of Business Society, as of April 19th, the quoted price of mixed xylene was 7930 yuan/ton, an increase of 0.38% from the price of mixed xylene on April 12th, which was 7900 yuan/ton. The maintenance of mixed xylene is frequent, resulting in a slight decrease in mixed xylene port inventory, a decrease in mixed xylene supply, and increased support for the mixed xylene market; The price of crude oil continues to rise, and the cost of mixed xylene has risen. The rise in mixed xylene is strongly supported, and it is expected that the price of mixed xylene will rise in the future.

This week, the price of mixed xylene slightly increased, and the upward trend of mixed xylene slowed down, weakening the support for the rise of mixed xylene.

Downstream phthalic anhydride market slightly rises

According to the market analysis system for phthalic anhydride products by Business Society, as of April 19th, the quoted price of phthalic anhydride was 7737.50 yuan/ton, an increase of 0.16% compared to the price of phthalic anhydride on April 12th, which was 7725 yuan/ton. The price of crude oil continues to rise, the cost of phthalic anhydride has risen, the price of nefa phthalic anhydride has risen, and the support for the rise of ortho phthalic anhydride has increased; The supply and demand situation of phthalic anhydride is temporarily stable, and the price of phthalic anhydride will remain stable with a slight increase in the future.

Future prospects

According to analysts from Business Society’s neighboring xylene data, in terms of cost, crude oil prices continue to rise, coupled with an increase in mixed xylene maintenance, resulting in a slight fluctuation in mixed xylene prices and an increase in neighboring xylene costs; In terms of supply and demand, the changes in the supply and demand of ortho xylene are limited, and the support for the rise of ortho xylene is limited. In the future, cost increases still exist, and there is a strong upward momentum in the ortho benzene market. It is expected that ortho benzene prices will fluctuate slightly and rise in the future.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, sodium hypophosphate operated steadily this week. As of April 18th, the mainstream price of sodium hypophosphate in China was 20533.33 yuan/ton, which was unchanged from last week.

2、 Market analysis

Cost side:

On April 18th, the benchmark price of yellow phosphorus in Shengyishe was 23593.33 yuan/ton, an increase of 4.12% compared to the beginning of this month (22660.00 yuan/ton). At present, the market situation is upward, and downstream glyphosate prices are rising, which is beneficial for the yellow phosphorus market.

Demand side:

The downstream market is showing a weak situation, with the overall situation not as good as in previous years. The usage has not improved, and the purchasing willingness is poor, making it difficult to increase the volume. Enterprises are offering discounts to sell. The bearish demand side affects the sodium hypophosphate market.

3、 Future Market Forecast

Recently, the supply of sodium hypophosphate has been relatively sufficient, and market trading has fallen into a stalemate, coupled with increased inventory pressure. The market is gradually showing a state of price without market, and spot prices remain stable. Supported by the favorable impact of raw material yellow phosphorus prices, it is expected that the market for sodium hypophosphate may fluctuate upwards in the short term.

1、 Price trend

According to data monitored by Business Society, as of April 17th, the average price of industrial grade premium cyclohexane in China was 7433.33 yuan/ton. In early April, the cyclohexane market showed a fluctuating upward trend, and enterprise prices continued to rise. The main reason for this is the strong rise in upstream pure benzene, which drove the cyclohexane market to passively rise to alleviate cost pressures. The overall market has frequent high prices and low inventory levels.

2、 Cause analysis

In terms of cost: During the Qingming Festival, the price of upstream pure benzene continued to rise due to the influence of upstream crude oil prices, which led to a significant increase in the pure benzene market after the festival. In early April, the pure benzene market showed a volatile upward trend, with strong buying sentiment and a positive attitude among traders. The overall market negotiations were focused on high levels, and the inventory of manufacturers was tight. In late April, with the arrival of a batch of shipping goods in the East China region, the tight inventory situation in the pure benzene market was significantly alleviated. Currently, the pure benzene market is mainly strong, and the overall market returns to stable operation. In the short term, the cost support for cyclohexane is still acceptable.

In terms of demand: Currently, downstream demand is good, and the operating rate of caprolactam market is stable. The overall market price is dominant. Currently, there is sufficient stock in the market. Due to the pressure of cost side price increases, the price of caprolactam has recently decreased in low prices, and high prices have occurred frequently. Inventory consumption is normal, and the downstream procurement atmosphere is still good, mainly focusing on rigid demand procurement.

In terms of technology, the future price of cyclohexane is expected to maintain a strong trend, with limited room for price decline. Since March 17, 2024, the 7-day moving average has crossed the 30 day moving average and started an upward trend. Currently, the two moving averages continue to rise in the same direction. According to April 17, 2024, it is unlikely that the two moving averages will intersect in the short term, and the probability of a change in the operating trend in the next 7 days is not high (i.e., the 7-day moving average has crossed the 30 day moving average). It is expected that the current trend of cyclohexane will continue to be narrow and strong in the near future.

Historical price monitoring of cyclohexane: Currently, the price monitoring of cyclohexane is at 1-year medium high, 2-year medium low, and 3-year medium low. According to the commodity market analysis system of Business Society, the average DMF price in the past year is 7059 yuan/ton, with a median value of 7000 yuan/ton, a minimum value of 6433 yuan/ton, and a maximum value of 7566 yuan/ton. The bottom price difference (compared to the lowest historical price difference in the past year) is 900 yuan/ton, and the top price difference (compared to the highest historical price difference in the past year) is -233 yuan/ton.

3、 Future Market Forecast

In summary, from a cost perspective, the price of pure benzene, an upstream product of cyclohexane, remains high. There is some positive support for the cost of cyclohexane, and downstream demand is good. The operating rate is stable, and it is expected that the cyclohexane market will be mainly strong in the short term, with no obvious downward trend.

Weak consolidation of plasticizer DOTP prices in April

According to the Commodity Market Analysis System of Shengyishe, as of April 16th, the price of DOTP was 9875 yuan/ton, a fluctuation decrease of 2.35% compared to the price of 10112.50 yuan/ton on April 1st. The price of raw material isooctanol has fallen, the price of phthalic anhydride has fluctuated and risen, PTA prices have fluctuated and consolidated, and the cost support for plasticizers still exists; The production of plasticizer DOTP manufacturers is stable, with sufficient supply of DOTP. Downstream PVC manufacturers are slow to restock, and plasticizers are in urgent need of procurement. The demand for plasticizers is limited, and the price of DOTP fluctuated and stabilized in April.

After the price of isooctanol fell in April, it stabilized

According to the Commodity Market Analysis System of Shengyishe, as of April 16th, the price of isooctanol was 9620 yuan/ton, a fluctuating decrease of 4.37% compared to the price of 10060 yuan/ton on April 1st. After a sharp drop in the price of isooctanol in April, it stabilized at a low level. The price of propylene, the raw material of isooctanol, fluctuated and rose, supporting costs. The downward pressure on isooctanol weakened; Downstream customers are becoming more proactive in purchasing, and in the future, iso octanol manufacturers are actively shipping. The positive support for iso octanol is increasing.

The price of phthalic anhydride fluctuates and rises

According to the Commodity Market Analysis System of Shengyishe, as of April 16th, the quotation for phthalic anhydride was 7737.50 yuan/ton, an increase of 1.98% from the price of 7587.50 yuan/ton on April 1st. The price of crude oil continues to rise, the cost of phthalic anhydride has risen, the price of nefa phthalic anhydride has risen, and the support for the rise of ortho phthalic anhydride has increased. The profit loss of phthalic anhydride is relatively large, and phthalic anhydride manufacturers have a greater willingness to increase, which will increase the driving force for the future price increase of phthalic anhydride. The cost support for plasticizer DOTP is limited.

PTA prices fluctuate and consolidate

According to the Commodity Market Analysis System of Shengyishe, as of April 16th, the PTA quotation was 5964 yuan/ton, a fluctuation decrease of 0.50% compared to the PTA price of 5994 yuan/ton on April 1st. In April, there was an increase in maintenance for PTA enterprises, but in the 24th year, new PTA production capacity was added and put into operation. The oversupply of PTA intensified, and downstream textile enterprises started at a high level, with limited room for improvement in production. The peak season in May came to an end, and downstream production may slightly decline. Polyester production factories accumulated inventory, and the willingness of polyester factories to receive goods was not good. The support for the increase in PTA demand was limited.

Future expectations

Business Society plasticizer product data analysts believe that in terms of cost, the price of isooctanol has stopped falling and stabilized, the price of phthalic anhydride has fluctuated and risen, and the cost support for plasticizer DOTP still exists; On the supply side, the production of plasticizer DOTP is at a high level, and there is an oversupply of plasticizer DOTP; In terms of demand, PVC manufacturers are slow to restock, and there is still support for the demand for plasticizer DOTP. In the future, the cost of plasticizer DOTP raw materials has stopped falling and increased, and the supply of DOTP is strong and the demand is weak. It is expected that the price of DOTP will consolidate at a low level in the future.

The ortho xylene market fluctuated and rose in April

According to the Commodity Market Analysis System of Business Society, as of April 15th, the price of ortho xylene was 8300 yuan/ton, an increase of 2.47% compared to the price of ortho xylene on April 1st, which was 8100 yuan/ton. The positive news increased, and the ortho xylene market resumed its upward trend in April.

The price of mixed xylene fluctuates and rises, while the cost of ortho xylene increases; The price of phthalic anhydride has fluctuated and risen, with plasticizers operating at a high level. The phthalic anhydride market has rebounded, and the demand for ortho xylene has rebounded. The demand support for cost increases has increased. In April, the ortho xylene market rose, and the upward momentum of ortho xylene has increased.

The price of mixed xylene raw materials fluctuates and rises

According to the mixed xylene commodity market analysis system of Business Society, as of April 15th, the quoted price of mixed xylene was 7900 yuan/ton, an increase of 1.41% compared to the price of mixed xylene on April 7th, which was 7790 yuan/ton; Compared to March 31st, the price of mixed xylene increased significantly by 5.05% at 7520 yuan/ton. The price of mixed xylene increased significantly in April. The xylene units of Hubei Jin’ao and Jinke Refinery were shut down for maintenance in March; Jiangsu Xinhai, Zhenghe Petrochemical and other facilities plan to shut down for maintenance in April, and there are still plans for equipment maintenance in May and June. The maintenance of mixed xylene has increased, the supply of mixed xylene has decreased, and the support for the mixed xylene market has increased; And the price of raw material crude oil continues to rise, the price of mixed xylene increases, and the cost of ortho benzene increases.

Downstream phthalic anhydride market rebounds

According to the market analysis system for phthalic anhydride products by Business Society, as of April 15th, the quoted price of phthalic anhydride was 7725 yuan/ton, an increase of 1.48% compared to the price of 7612.50 yuan/ton on April 7th; Compared to April 1st, the price of phthalic anhydride fluctuated and increased by 1.81% to 7587.50 yuan/ton. The price of crude oil continues to rise, the cost of phthalic anhydride has risen, the price of nefa phthalic anhydride has risen, and the support for the rise of ortho phthalic anhydride has increased. The profit loss of phthalic anhydride is significant, and phthalic anhydride manufacturers have a greater willingness to increase. In the future, the price of phthalic anhydride will fluctuate slightly.

Future prospects

According to analysts from Business Society’s neighboring xylene data, in terms of cost, crude oil prices continue to rise, coupled with an increase in mixed xylene maintenance, mixed xylene prices fluctuate and rise, leading to an increase in the cost of neighboring xylene; The expected start of production of plasticizers has decreased, and downstream phthalic anhydride manufacturers are generally selling goods. The phthalic anhydride market has slightly rebounded, and the demand support for ortho xylene is limited. In the future, the demand support for rising costs is limited, and the upward momentum of the ortho benzene market still exists. It is expected that the ortho benzene price will fluctuate slightly and rise in the future.

Price trend

According to the Commodity Market Analysis System of Shengyishe, the BOPP market has seen a narrow upward trend in prices this week. As of April 11th, domestic producers and traders have reached 18 μ The mainstream quoted price for m’s BOPP film is around 9633.33 yuan/ton, an increase of about 0.52% from last week’s average price and about 0.26% from the beginning of the month’s average price.

quotations analysis

In terms of raw materials: 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 7814.29 yuan/ton, which is 0.92% higher than the beginning of this month (7742.86 yuan/ton).

The price of raw material PP has increased, and the cost support of raw materials for BOPP has been strengthened.

In terms of supply: the operating load rate of membrane enterprises has increased slightly. How to increase supply at the supply side and the inventory pressure of membrane enterprises have increased.

In terms of demand: Downstream enterprises mostly replenish essential goods, with less replenishment, low transaction volume, low purchasing intention, weak trading volume, and weak market demand for price support

Future Market Forecast

The overall price of upstream raw materials has fluctuated upwards, and the cost side has increased its support for the market. However, downstream demand enterprises have weak purchasing intentions and weak transactions. It is expected that BOPP prices will experience narrow fluctuations and consolidation in the near future.