Price trend

According to the Commodity Market Analysis System of Shengyishe, the CPP market prices have decreased this week. As of March 19th, domestic producers and traders have reached 25% μ The mainstream quoted price for m’s CPP film is around 10080 yuan/ton, a decrease of about 1.1% from last week’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 domestic manufacturers and traders T30S (wire drawing) is around 7720 yuan/ton, an increase of about 0.1% compared to last week. Cost side support for CPP prices is still ongoing.

On the supply side, some inventory still accumulates and there is not much willingness to accept orders.

In terms of demand: Downstream enterprises have limited new orders and consume more pre holiday accumulated inventory, resulting in insufficient market demand to support prices.

Future Market Forecast

With the rise in raw material polypropylene prices, it is expected that CPP prices will slowly recover in the near future.