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Introduction: In February, at the turn of winter and spring, inadvertently, it was fleeting, like a white horse passing through a gap.
In March, following the footsteps of spring, it came quietly.
When it was warm and cold, how did the BOPP market behave?
In March, following the footsteps of spring, it came quietly.
When it was warm and cold, how did the BOPP market behave?
Data source: Jinlianchuang
As can be seen from the above figure, at the beginning of February, the price difference between thick gloss film and raw materials increased, mainly due to the continuous spread of the new coronavirus, the General Office of the State Council issued a notice to delay the start of construction of enterprises, and then it was subject to traffic control in various places and it was difficult for personnel to return to work in time, etc.
Affected by the problem, the start of the film plant was delayed many times, the market price was uneven, and transactions were even rarer.
Until the end of February, with the recovery of logistics and the return of downstream products to the market, the BOPP market was on the right track.
However, the current epidemic situation is still severe, and the global The economy has been hit hard.
Against the background of the economic downturn, the BOPP market is also difficult to survive alone.
Most of the industry are bearish on the market outlook.
Affected by this mentality, during this period, companies mostly cover their positions according to their actual conditions, and large orders are rare.
It is reported that the business of the thick film market is still Dismal, corporate orders are only maintained for 3-4 days, thin film transactions are much better than thick film, most companies place orders within 6-10 days, although there are not many orders, corporate profits are still acceptable, as of March 4, The mainstream price of BOPP is 9,250 yuan/ton, and the actual transaction is hovering at 10,000 yuan.
The Jiujiang Petrochemical membrane material is 6,800 yuan/ton.
After deducting the processing fee of 1,400 yuan, the corporate profit is about 800 yuan/ton
.
In terms of inventory: the situation of each enterprise is different, and the inventory difference is large.
During the Spring Festival, the enterprise has not stopped production.
Due to the slow downstream follow-up, the inventory of finished products has increased sharply; after the year, the enterprise has started late and has less inventory accumulation.
In general, the enterprise inventory consumption It will take time, and BOPP is hardly optimistic
.
Inventory:
Market outlook: In the short term, the inflection point of the global epidemic has not yet arrived, the market is changing rapidly, crude oil prices have fallen significantly, the two oil inventories have remained at high levels during the year, and the pressure on the market to reduce inventories has continued to increase.
It is difficult to have a large increase.
In the long run, as the number of people affected by the epidemic decreases in the later period, the economy will gradually recover.
When the haze dissipates, the BOPP market offer has a high probability of rising.
It is recommended that the industry pay more attention to macro events and the trend of raw materials
.
Market outlook is expected: