China BOPP Film Extends Decline with a 2.50% Mid-November Drop Amid Weak Buying

Prices for BOPP Film in Shanghai, China remained stable in the first week of November ****, indicating equilibrium for trade with relief for feedstocks amid a drop for polypropylene of some down *.*** over the same week. A *.*** decrease in the second week was the latest move trip of the **-week bear run, continuing to be driven by sufficient availability and weak offtake, which was occasionally muted by a late week upturn for snack-pack and e-commerce demand niches.

In the second week, despite heavy fall in BOPP film prices demand within China for BOPP film remain stable, by e-commerce, urban consumption demand, broad applications in food packaging, and labelling, and food delivery formats. Regulatory action on single-use plastics also acted to speed adoption for recyclable mono-material PP grades. Innovations in injection moulding with insert and over-moulding processes encouraged use of various polypropylene grades...