Price trend

According to the Commodity Market Analysis System of Shengyishe, the CPP market prices were relatively strong last week. As of May 27th, the mainstream quoted price for domestic producers and traders of 25 μ m CPP film is around 10183.33 yuan/ton, an increase of about 0.4% compared to the beginning of the month and about 0.33% compared to the beginning of the month.

quotations analysis

In terms of raw materials: From the above chart, it can be seen that the price of raw material PP first rose and then fell last week. The mainstream quoted price of domestic manufacturers and traders T30S (wire drawing) was around 7907.14 yuan/ton, which is 0.82% higher than the beginning of this month (7742.86 yuan/ton). The price of raw material PP first rose and then fell, but it is still at a high level, and the cost side has a certain boost to CPP prices. In terms of supply: the membrane enterprise has sufficient inventory and still has surplus, and the pressure on the supply side is still there. In terms of demand: Downstream enterprises are cautious in their inquiries, and the trading atmosphere on the market is weak. There is a certain supply-demand contradiction in the market.

Future Market Forecast

Cost side spot futures have all risen, providing some support for downstream CPP. However, overall market demand is weak, and the release of inventory is limited. It is expected that CPP film prices may fluctuate and consolidate in the near future.