Opp jumbo roll tape roll price is affected by crude oil

- Oct 24, 2019-

Opp jumbo roll tape roll price is affected by crude oil

 

U.S. and European crude oil futures rose on Tuesday after a new round of high-level economic and trade talks between China and the United States made substantial progress.However, analysts estimate U.S. crude inventories rose for a sixth straight week, limiting gains in international oil prices.Nymex west Texas light oil for November 2019 settled at $54.16 a barrel on Tuesday, up 85 cents, or 1.6 percent, from the previous session, trading in a range of $53.1 to $54.62.Brent crude for December 2019 settled at $59.70 a barrel on the ice futures exchange, up 74 cents, or 1.3 percent, from the previous session, trading in a range of $58.75 to $60.26.

Raw materials: yesterday PP futures low open low, spot PP inventory accumulation, limited support for opp jumbo roll tape, BOPP film price decline in price, trading light, is expected to have a small margin in the near future;Butyl acrylate market price reproduction, trade with the market, downstream procurement cautious.Due to linyi factory and hebei factory production limit shutdown operation, the area supply pressure is temporarily controllable, the pace of decline is relatively slow.Device dynamic, October 21, nantong jinwang new four coating line has been officially started production.Zhuochuang is expected to have loose in the near future price stability, price fluctuation of 9800-10200 yuan/ton, focusing on negotiation deal.Recently the tape master market concerned about crude oil and PP futures.