Daily Review: Supply Pressure Continues, Tape Jumbo Roll Market Remains Weakly Stable Today

Market Overview: On September 12, the market price of tape base rolls remained weak and stable. The average price of 50μ tape base rolls was 8,270 yuan/ton, unchanged from the previous working day. The mainstream market price of 50μ tape base rolls was mostly between 8,000 and 8,400 yuan/ton. Enterprises continue to face inventory pressure, putting pressure on the tape base roll market. The negotiation atmosphere is relatively muted, and market prices are maintaining stable operations.

Cost aspect: On September 12, the price of BOPP film slightly declined. The average quoted price for BOPP thick glossy film was 8,407 yuan/ton, down 0.04% compared to the previous working day. The transaction prices in the BOPP thick film market mostly ranged from 8,100 to 8,700 yuan/ton. The average market price of butyl acrylate was 7,600 yuan/ton, an increase of 50 yuan/ton compared to the previous working day.

Market Forecast: Many participants are taking a wait-and-see approach, with average trading atmosphere. It is expected that the domestic jumbo roll tape market price will remain stable on the next working day, with the price of 50μ jumbo roll tape fluctuating in the range of 8000-8400 yuan/ton.