In 2017, the speed of BOPP film and tape roll prices rises quickly, making it difficult for people to adapt. The Australian packaging company expects that prices will stabilize in 2018, and the increase will slow down, making it more likely to be repelled. Let's take a look at the analysis of BOPP and tape parent volume of OPALUS Packaging in 2018:
BOPP: In 2017, domestic BOPP production capacity continued to increase, but the growth rate was slower than that in the previous period. New production capacity was concentrated in the concentrated areas in East China and South China, and the capacity in the southwest region also gradually increased. Demand Side From the perspective of the growth of the food industry in 2017, the slowdown in the industry has affected the demand for BOPP to some extent. In 2018, domestic supply will continue to increase, and the status of oversupply will continue to maintain. It is difficult to boost demand growth. It is expected that the upward movement of the price of membranes will be more likely next year, but the increase is expected to be limited at about 5%.
Tape roll: In 2017, tape roll prices continued to increase. As of December 20, the mainstream price in East China reached 13,100 yuan/ton, a cumulative increase of 5,500 yuan/ton from the beginning of the year, or 72.37%. In addition, domestic tape coil companies have been put into production continuously, and the capacity is expected to reach 2,638,300 tons at the end of 2017, an increase of 276,800 tons compared with 2015. In the second half of 2017, the increase in tape roll volume was relatively rapid, and the increase in domestic production capacity was more, and it may be more significant to enter profit taking in 2017. Giant Packaging expects that in 2018, the price of tape roll will create new high resistance, and the pace of production will also slow down.
BOPP film and tape parent roll are all factors that directly affect the price of finished tape. Therefore, it is expected that the increase in tape price will decrease in 2018.