Foshan Opalus Adhesive Products Co.,Ltd

Foshan Opalus Adhesive Products Co.,Ltd

China's bopp adhesive tape jumbo roll market stepped out of the “V” market

In the first half of 2018, China's bopp adhesive tape jumbo roll market stepped out of the “V” market. According to Zhuo Chuang statistics, the price of Huadong thick film dropped from the high of 11100 yuan/ton in mid-January to the low of 10200 yuan/ton at the end of March. The low of 10,200 yuan / ton rebounded to 10,700 yuan / ton in mid-May and then shock consolidation. Currently running at 10,300-10,600 yuan / ton, the rebound in the second quarter has not broken the high point of the year.
Looking back at the reasons for the above bopp adhesive tape jumbo roll market conditions in the first half of the year, the most direct cause is still the cost factor. Since the introduction of the futures in 2014, the impact of PP on the PP spot market has intensified. Because the bopp adhesive tape jumbo roll market has been in a state of imbalance between supply and demand for a long time, the market pricing discourse power is weak, so the bopp adhesive tape jumbo roll price trend is completely dependent on PP. It can also be said that the PP futures trend is direct Affect the price trend of bopp adhesive tape jumbo roll.
In the first half of 2018, PP futures performance: weak in the first quarter and strong in the second quarter. The fundamental reason for the formation of the trend is inseparable from the fundamental factors of the PP market. In the first quarter due to the blessing of the Spring Festival holiday, the PP market demand performance was weak, the petrochemical supply was relatively stable, and the overhaul was not much. In addition, the downstream recovery of PP in March was relatively slow, resulting in the PP continued to decline in the first quarter. In the second quarter, the PP market ushered in a centralized maintenance period, especially in May, and the petrochemical plant delayed driving in June, resulting in continued market supply. Although the PP downstream market was in the off-season in the second quarter, in the context of supply reduction. With the financial nature of the PP futures instrument, PP futures continued to fluctuate and rushed, driving the PP spot price to appear oscillating upwards.
In the second half of 2018, China's bopp adhesive tape jumbo roll price performance was strong, and there were two “surge” prices: the first appeared in late July and early August, and the second appeared in late September and early October. The first increase in power is still derived from PP futures, PP futures broke through 10,000 yuan / ton, driving petrochemical and spot prices up, the cost of assisted bopp adhesive tape jumbo roll for the first time significantly increased. The second surge of momentum still comes from the cost side, but this round of rise is not driven by futures, but the spot market supply in the PP market is tight, the spot price catches up with the futures, the PP spot is difficult to find, the spot price is high, and the local high point is 11400 yuan. / ton, and the futures price high at 10,600 yuan / ton, the spot catching up with the futures and the supply is difficult to find, the BOPP price once again pressured to rise, the price on October 10 rose to the year high of 12,600 yuan / ton, nearly four years Since the price is high.
In the next two months, Zhuo Chuang expects that with the easing of the supply situation of PP supply, the price difference between PP futures and spot will be gradually repaired, and the spot price of PP will have a certain downward space, and BOPP will be moderately lowered. However, due to the festive atmosphere in the fourth quarter, the BOPP market just needs to be acceptable. Therefore, Zhuo Chuang expects that although the bopp adhesive tape jumbo roll price will be lowered in the next two months, the decline will be narrow, and the bottom of the bottom will not be restored to the middle of the year. June-July) Level.
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