Daily review: Limited Fluctuations in Tape Mother Roll Market, Prices Remain Weakly Stable

Market Overview: On June 1, jumbo roll tape prices remained weak but stable. The average price of 50μ jumbo roll tape was RMB 10,000/ton, unchanged from the previous working day. In the East China market, mainstream prices for 50μ jumbo roll tape ranged from RMB 9,900 to 10,100/ton. The jumbo roll tape market saw limited fluctuations, with prices operating weakly and steadily. Cost support was moderate, and prices lacked upward momentum. Downstream demand was mostly driven by essential needs, with limited inquiries for new orders, and actual trading sentiment was relatively subdued.

Market outlook: The raw material market is expected to fluctuate little, with cost support remaining relatively stable. Jumbo roll tape manufacturers are likely to open with stable prices, while downstream users will follow up with negotiated bargains. It is expected that the domestic jumbo roll tape market will remain weak and stagnant on the next working day, with prices for 50μ jumbo roll tape fluctuating within the range of RMB 9,900–10,100/tonne.