Weak demand

As the weather gets hotter, downstream has gradually entered the traditional off-season of demand. It is reported that the average operating rate of the plastic weaving industry is close to 50%, while the average operating rate of the BOPP industry is relatively stable, about 60%. According to market research, the current downstream orders are mediocre. For example, the orders of BOPP enterprises are mostly maintained in 7-15 days. The follow-up on new orders is greatly affected by price factors, and the inventory of finished products in some enterprises is relatively high. In this way, if the downstream demand continues to weaken and the market competition intensifies in the future, enterprises may also take measures to reduce production and adjust down their offers