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September 5th - September 9th film week review
BOPP
The overall trend of BOPP this week continued the weaker decline. The lower price of PP is still a key factor leading the current round of decline. The price of petrochemicals has been falling since the beginning of the month, and the film market has been unable to support the costs and the quotation has continued to follow. This week BOPP film public offer price is lowered by RMB 200-300/ton, and with last week's part of the film plant having fallen before raw materials, the actual market price has dropped by around RMB 100-200/ton. Raw materials were mixed on Thursday, and the film market temporarily lacked clear news guidelines, and the weaknesses were the finishing touches. Films slightly lower this week. Reference: thick 9300-9600 yuan / ton, 18 light film 9800-10100 yuan / ton, 15 light film 10300-10600 yuan / ton, 12 light film 10800-11100 yuan / ton, 15 extinction 11100-11400 yuan / ton, 12 Extinction 12100-12400 yuan / ton, slightly higher individual quotes.
CPP
This week, the price of film makers has not been adjusted to a large extent, and shocks have been the main focus. The cost of upstream support is not enough, and the slight decline in raw materials will affect the mentality of the film market. However, the overall market supply and demand situation is stable, some manufacturers can still accept orders, and the adjustment of raw materials is relatively small. Manufacturers are not willing to adjust their offer prices. Short-term film plant prices stabilized, waiting for further market news guidelines. The mainstream talks: Ordinary composite film 10500-11000 yuan / ton; South China does not include tax 9800-10000 yuan / ton; low temperature heat sealing compound film 11000-12000 yuan / ton, high-end 12200-12500 yuan / ton in the vicinity; aluminum plated substrate In the high-end 11500-12000 yuan / ton low-end 10800-11000 yuan / ton; towel film 10800-12000 yuan / ton; cooking film 11500-13500 yuan / ton. Slightly lower heights were heard and differentiated.
BOPA
This week, downstream purchases slowed slightly, but BOPA film factory still maintained a single period of 50 days or so, individual film factories reached more than 60 days; supply and demand fundamentals support the high nylon membrane operation, a steady market for a week, the local market to take the price In the BOPA's good supply and demand situation, the market still has the momentum and expectations for the next period. Terminal reference this week: Synchronize 33,000 yuan / ton, step by step printing 32,000 yuan / ton, compound 30,000 yuan / ton, cash. The transaction price and payment methods, as well as the source and brand, the operation and geographical differences of the various membrane plants, delivery dates, and customer positioning are different, and the prices between the membrane plants are slightly different. All manufacturers control / system orders rhythm, the new single negotiation space.
BOPET
Polyester film prices have risen and fell this week. East China's popular film has dropped by RMB 200/tonne, South China's low has risen by RMB 50/tonne, and regional price spreads have narrowed. One week's trading volume has improved compared to last week. The factory produced and sold nearly 300% after a slight reduction of RMB 100, but the overall domestic market remained weak. After the middle of the week, with the closing of the G20, the polyester film installations were restarted, and the domestic equipment load as a whole rose to around 65%. One week, the center of gravity of the Pu-Mem membrane: Jiangsu 7600 yuan / ton cash, South China 7500 yuan / ton, the North 7700 yuan / ton AAA. This week, Pu'an's factory stocks increased for several days. The week of polyester raw materials oscillated strongly, and instant film instant cash flow was 50-100 yuan/ton more than last week.
One week review
Upstream:
The high oil price is under pressure; after the price of PP goes down, there are consolidation expectations; the supply in the PE field remains tight; the cost of the polyester chips is supported; the overall price of the nylon chips is stable.
Film aspect:
BOPA film orders are still full, manufacturers have a longer production schedule. The prices of BOPP, CPP, and BOPET continue to operate around processing fees, and membrane plants supply on demand, and the overall shipping pressure is not great.
BOPP: This week's G20 summit ended, the supply surface in the venue was improved. In addition to the smooth delivery orders from the Zhejiang region and surrounding film factories, other film factories maintained the orderly pace, and the film factory ordered orders for about 3-5 days. - On the 10th or so, at the same time, some factories have accumulated stocks.
CPP: In the near term, CPP supply maintains a balance. Recently, downstream demand has increased slightly, and mainstream membrane plant orders are still acceptable. The supply of goods in a few regions is not much, and the delivery time of factory orders is extended. At present, the prices and quality at the high and low end of the venue are different, and there are gaps between the price differences and orders. Although the orders for high-end membrane plants are full, the overall operating rate is still low.
BOPET: Recently, Xiaoshao Film Factory will gradually resume production. The supply of polyester film will gradually increase, and the downstream demand will need to be observed. In September, PTA supply will be slightly tighter. The polyester film will still be supported by the cost, but the downstream wait-and-see attitude will be normal. Recently, the price of membranes has continued to be concentrated around the steady and weak processing fees; the change in polyester raw materials will remain the key to the trend of the next phase of the film price.
BOPA: The benefits of BOPA continue to stand alone. Under the favorable situation of supply, demand and sales, the market still has the momentum and expectation for growth in the next stage. At present, each film factory mainly focuses on delivery.
In summary:
The short-term market news lacks clear guidelines, and film makers have adjusted film quotes based on cost. The overall demand of the downstream centered on the just-needed operation, and the inventory of terminal and traders remained low. In view of the strength of the market receiving goods, the performance was general. Next week coincides with the Mid-Autumn Festival holiday. The trading day is limited and it is expected that the market will maintain its consolidation trend.
Packaging material: price trend of film
From September 5th to September 9th, PP declined slightly, and petrochemical quotations weighed down to dampen the sentiment of the industry; PE raw materials mixed, linear highs and lows, high pressure highs and strong positions, and low pressure and narrow fluctuations; BOPP film market followed The price of the cost faced lower; the CPP film market was affected by the supply and demand relationship, and the price adjustment was not significant; the BOPET film market was mixed and the BOPA film market was running at a high level.