Plastic packaging films are growing as a component of plastic packaging. Food, pharmaceutical and personal care products have become the main three directions for the plastic film industry. In recent years, with the development of the packaging industry, plastic packaging as the most important part of the demand has also grown. However, in the past two years, the trend of the plastic packaging industry in China has been somewhat sluggish. The profits of the BOPP, CPP, and BOPET film industries have been continuously compressed, and the film companies are miserable. Here's a brief explanation of the recent abnormal market in the BOPET industry:
According to the demand situation in previous years, before the Mid-Autumn Festival, the film enterprises had a wavelet purchase peak period in preparation for food packaging. However, this year the market has gone against the norm. As the demand for terminals has continued to weaken, the entire film market has been difficult to surrender, and prices have fallen after reaching their peak in June. Packaging film related research report 2014-2018 Wooden box industry in-depth investigation and future development trend forecast report 2014 July 2014-2018 edition Journal printing industry government strategic management and regional development strategy research consulting 2014-2018 advertising promotion bag Analysis of Market Development Prospects and Forecast of Supply and Demand Patterns 2014-2018 Market Survey of Supply and Demand of Environmental Plastic Bag Industry and Development Strategic Consultation 123
Below we review several key events that have affected the market trend of China's BOPET market through several events:
1. Since May, the report on the funding chain of Cifu Group was broken and the debt exceeded RMB 5 billion. This led to heated market discussions. Until the end of June, BOPET film production lines in Shaoxing and Xiangyang were sealed up by banks. The tight market expectation caused a market offer. The rise also triggered a deep reflection on the development of the entire BOPET film industry.
2. In mid-July, regarding the rejuvenation of the Cifu Group event, it was rumored that its production line was scheduled to start operating around July 20th, before delivery of some of the pre-orders to ease inventory pressure. This news immediately triggered a chaos in the market, some companies began low-cost promotions, and the terminal wait-and-see more and more serious, once again increased the sales pressure of the film companies.
3. Since May, Ningbo Keren has also been parked due to capital chain issues. He was heard that he was acquired by a large trading company in Zhejiang. After the end of June, his equipment was started one after another because of its low capacity and market share. Therefore, the impact on the market is not great.
4. Yingkou Kanghui is to extend its polyester industrial chain. The first phase of its 7-item 210,000-ton PET film production line is scheduled to be commissioned by the end of July. According to Zhuo Chuang Information, as of the end of the press release, the manufacturers have begun receiving orders for advance payment, and there are no public offers for the time being, and many are waiting for the equipment to operate normally.
On the whole, ignoring the impact of raw material costs on the film market, the above factors are the main factors affecting the film market in the near future. As demand continues to weaken, the sales pressure of membrane enterprises continues to increase, and it is difficult to improve the pattern of losses of membrane enterprises, and to reproduce and reduce negative control production to relieve pressure. The recent environmental remediation actions in Zhejiang Jinhua also led to the parking of the majority of local small and medium-sized product companies, which again reduced the market demand. In addition, typhoon rain in southern China also has a certain impact on the shipment of membrane enterprises and the production of terminal factories. The impact of such accidents on the overall BOPET industry is also the reason why the current thin film packaging industry is slack
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