Tape Mother Rolls: Breaking Historical Patterns, Tape Prices Decrease in September

Tape mother rolls are cut into various specifications of tape by downstream processing, primarily used for sealing boxes of various end products.8End of the month9The moon marks the peak season for traditional packaging, but...2024Year9The month deviated from the seasonal performance of previous years, experiencing a lackluster peak season and a decline in prices.9Late in the month, increased supply and demand pressures, coupled with cost reductions, are expected to lead to a slightly weaker decline in the price of tape base materials, followed by a period of stabilization and consolidation.

Historical Tape母卷Market Seasonal Performance

Looking at the seasonal performance of market prices over the past decade, the market prices of tape mother rolls generally show...“Strong-Weak-Strong-Weak”The trend, which coincides with the peak consumption season for the tape base material market.-The cooling of consumer demand is closely related to the rhythm of supply and demand, as well as the cost-driven logic.1-3The market for monthly rubber belt mother rolls is likely to see price increases due to pre-Lunar New Year restocking and post-holiday cost inertia. In the second quarter, prices are more likely to decline due to a lack of cost and demand support. In the third quarter, prices are expected to rise on the back of demand support from market terminal packaging. In the fourth quarter, prices are more likely to fall than rise, as earlier production supply increases and demand momentum wanes.

Breaking Seasonal Norms: Adhesive Tape Prices Experience Unseasonable Decline

2024The price of annual tape mother rolls continues to fluctuate at low levels.9Early mid-month, the price decline of mother rolls for tape expanded; it may be hard to see an upturn in late month. Looking at the whole month, this year may break the seasonal price pattern, with an ultra-seasonal decline. As of...9Monthly13On the day, the average monthly price of raw tape in East China was...9008Yuan/Tonnes, lower than the lowest level of the past five years' same period688Yuan/Tons.9Monthly supply of adhesive tape mother rolls is ample, but demand release falls short of expectations, putting pressure on high prices due to supply and demand; secondly, raw materialsBOPPButyl acetate prices have dropped further, with cost factors continuing to weigh on the market, exacerbating the decline.13Current market price of raw tape rolls in East China8800-9050Yuan/Ton, compared to8Prices to be adjusted downwards by month's end250Yuan/Ton, vs.8The monthly decline deepens50Yuan/Tonnes, down year-on-year1675Yuan/Ton; Other Markets: North China Market8900-9300Yuan/Ton, South China Market9000-9500Yuan/Ton, Shandong Market8800-9000Yuan/Ton.

Double pressure from supply and demand intensifies tape price decrease

Considering the production cycle perspective.2024The year is entering a new expansion phase, with prices more likely to fall than rise; from the demand side, market demand is in a recovery phase, with some volume but exhibiting differences from the traditional patterns.2024Yearly industry of adhesive film母卷 added installations总量29Item, total production capacity reaches419.89Ten thousand tons, the industry's supply capacity continues to strengthen, and due to the restriction of this year's procurement of butyl acetate contracts for tape mother rolls manufacturers, the industry's production load rate remains stable.45%-50%Locally, as in the previous phase, industry output has increased. On the demand side, affected by the intensification of demand competition, producing companies are expanding their sales channels and improving distribution efficiency by building warehouses in key demand areas. This allows downstream cutting enterprises to have more convenient inventory arrangements, resulting in a decrease in the volume of goods purchased per order; secondly, due to...9Downstream demand in the month was below expectations, with only the local regions of East China and South China showing slight increases in foreign trade orders and e-commerce orders during communications. However, production orders remain low. An increase in supply and a decrease in demand have exacerbated the supply-demand imbalance, putting downward pressure on prices.9Unfortunately, the provided text "月胶带母卷厂家未交付订单天数在" is incomplete and does not contain any English content to translate. Please provide the full Chinese text for translation.1.3-1.6Day, the number of days the company failed to deliver orders this week was1.6Day, down year-on-year.3.1Day.

Cost Reduction Weakens Support for Tape Base Rolls

9Month oil sees more declines than gains, market bearish sentiment increases, upstream raw materials are experiencing fluctuations and downward adjustments. Tape mother roll raw materialsBOPPMarket demand is limited in volume, and with increased pre-holiday order requirements from businesses, prices have been fluctuating downwards. Meanwhile, another raw material, butyl acetate, has been adequately supplied within the month, but its price has been declining due to the overall downward trend of raw materials, which is not providing good support. Prices have initially dropped and then stabilized in a僵持运行 pattern. The cost of tape base film has also fluctuated downwards within the month, with an average monthly cost of...9186Yuan/Ton, down from the monthly average cost of last month216Yuan/Tonnage, with weak support from the cost side for the tape base film. Amidst reduced support from supply and demand and costs for the tape base film, prices for the tape base film have declined.

Insufficient boost in supply and cost.9Mid-month, the parent roll of tape may first drop in price before stabilizing.

In late October, the release liner market remains guided by supply and demand as well as cost factors, with prices potentially experiencing slight adjustments after a narrow range relaxation and subsequent minor stabilization. On the cost front,BOPPOr raw materialsPPSlight warming supports prices, halting the downward trend; another raw material, butyl acetate, is expected to see an increase in production rates, boosting supply. Meanwhile, another raw material is anticipated to decrease, potentially leading to a stable yet slightly weaker market price for butyl acetate. On the supply and demand front, the recent postponement of the startup of new tape base roll production facilities has occurred, with most tape base roll enterprises operating during the Mid-Autumn Festival holiday.1-3Due to shutdown operations, the production load rate has decreased, leading to a reduction in supply. However, considering the ample inventory of tape母卷 manufacturers and the shutdown and holiday operations of downstream enterprises, the market's supply and demand are insufficient to support prices. Overall, costs are stable with a slight weakening, and both supply and demand are decreasing. Tape母卷 may initially experience a slight decline before being supported by negative margins, with an increased willingness among enterprises to hold prices, potentially leading to a stalemate in pricing.