BOPP cut production on account of the bullish raw material PP

Recently, under the influence of intense speculation in fiber prices, the output of commodity-grade PP has been greatly reduced. PP futures rise to limited high continuously and PP price surges on the whole. However, the profits of downstream industry have been squeezed sharply. Take the most representative BOPP industry as an example, its profits have rapidly turned negative as PP price moves higher more than 3,000yuan/mt in nearly a week.