The rise in international crude oil prices has led to a rise in the BOPP jumbo roll raw material market

- Oct 15, 2019-

The rise in international crude oil prices has led to a rise in the BOPP jumbo roll raw material market

 

U.S. and European crude oil futures rose more than 2 percent after an Iranian tanker was damaged off the coast of Saudi Arabia.Nymex west Texas light oil for November 2019 settled at $54.70 a barrel on Friday, up $1.15, or 2.1%, from the previous session, trading in a range of $53.64 to $54.93.Brent crude for December 2019 settled at $60.51 a barrel on the ice futures exchange, up $1.41, or 2.4 percent, from the previous session, trading in a range of $59.21 to $60.67.

In terms of raw materials: the international crude oil price rose, forming a certain support for the raw materials market, raw material BOPP jumbo roll stopped falling and maintained stability, and the market inquiry atmosphere improved.Butyl acrylate manufacturers offer stable, the downstream to maintain rigid demand.Tape master roll production enterprises operating cautious attitude, downstream factories to the main demand.Zhuochuang is expected to be stable in the near future, wait and see the trend of raw materials, price fluctuation of 9800-10200 yuan/ton, focusing on negotiation.