Price trend

According to the Commodity Market Analysis System of Business Society, the prices of BOPET in the market have slowly declined this month. As of May 29th, the mainstream quoted price for 12 μ m BOPET printing film by domestic manufacturers and traders is around 7833 yuan/ton, a decrease of about 1.26% from the beginning of the month. The highest price point appeared in the first half of the month at 7933.33 yuan/ton, and the lowest point appeared in the second half of the month at about 7833.33 yuan/ton.

quotations analysis

In terms of raw materials, the price of PET raw material fell first and then rose this month. The mainstream quoted price for water bottle grade PET by domestic manufacturers and traders is around 7216.00 yuan/ton, a decrease of 1.39% compared to the beginning of this month (7318.00 yuan/ton). The price of raw PET fluctuated strongly this month, with significant support from the cost side.

On the supply side, the operating load rate of membrane enterprises has rebounded after the holiday, about 66%, and there is still inventory pressure on the supply side.

In terms of demand: The film industry is in the off-season, downstream demand is flat, procurement enthusiasm is not high, transactions are weak, and most of them are just for replenishment, with poor support for terminal demand.

Future Market Forecast

Entering the off-season in May, market demand releases limited inventory, and orders are mainly for immediate stock preparation. There is a possibility of fluctuating and rising costs on the cost side, and it is expected that BOPET film prices may slightly follow suit in the near future.