Gum tape jumbo roll prices were raised Friday

- Oct 28, 2019-

Gum tape jumbo roll prices were raised Friday

U.S. and European crude oil futures rose for a fourth straight day as optimism about a u.s.-china trade deal boosted U.S. stocks, a drop in U.S. crude inventories and a possible deeper Opec production cut offset economic worries.The mood in oil futures markets in the us and Europe was also supported by a sharp drop in the number of active RIGS in the us.Nymex west Texas light oil for December 2019 settled at $56.66 a barrel on Friday, up 43 cents, or 0.8 percent, from the previous session, trading in a range of $55.6 to $56.74.Brent crude for December 2019 settled at $62.02 a barrel, up 35 cents, or 0.6 percent, from the previous session, trading in a range of $60.93 to $62.11.

In terms of raw materials: PP futures rose on Friday, BOPP price was partly raised, the range price was stable with a small rise, and the film price is expected to be stable in the near future.Butyl acrylate finishing operation, factory to negotiate shipment.Gum tape jumbo roll market demand temporarily difficult to boost, real orders continue to let profit clinch a deal.Zhuochuang is expected to continue the near future stable wait and see manufacturers, price fluctuations of 9800-10200 yuan/ton, focusing on the negotiation deal.Recently the gum tape jumbo roll market concerned about crude oil and PP futures.