The Price Of The Raw Material For The Jumbo Duct Tape Rose After The Attack On Saudi Oil

- Sep 17, 2019-

The price of the raw material for the jumbo duct tape rose after the attack on Saudi oil

 

The attack on a Saudi oil facility cut production by more than 5 million barrels a day, while U.S. and European oil futures posted their biggest percentage gain in more than 30 years and record volumes.West Texas light oil for October 2019 settled at $62.9 a barrel on the New York mercantile exchange on Monday, up $8.05, or 14.7%, from a trading range of $58.77 to $63.38.In London, brent crude for November 2019 settled at $69.02 a barrel, up $8.80, or 14.6%, from the previous session, trading between $64.75 and $71.95.

Raw materials: crude oil market jumped suddenly yesterday, raw material market prices, including jumbo duct tape raw materials BOPP and butyl acrylate prices rose, jumbo duct tape cost pressure increased.Yesterday morning jumbo duct tape market changes relatively cautious, afternoon market price sentiment is high, the single price of 50-100 yuan/ton is not rising.It expects that the price of jumbo duct tape will rise steadily in the near future, and the price will fluctuate by 9800-10200 yuan/ton.