The price of BOPP film in the European market has been on a continuous increasing pattern, influenced by several factors affecting the final price. With the week ending on xxrd Feb, the price of BOPP Film in Germany surged to USD xxxx/ton FD Hamburg. One significant factor for increasing price trend of BOPP Film contributes by rise in feedstock Polypropylene prices, which increased by x.xx during the week. Additionally, upstream Propylene rose by xx this week due to supply disruptions arising from the Red Sea crisis. The ongoing crisis has resulted in delayed arrivals of import cargoes from the Middle East and Asia, directly impacting the availability of PP in the European market.
Despite stable demand for Polypropylene in the country, the scarcity of the product has driven the market. Goods from Asia to Europe typically pass through the Suez Canal, the shortest passage, but the ongoing...
