BOPET Film Prices, Pricing, Demand & Supply
North America The North American BOPET Film market witnessed a stable quarter in Q4 2023 with moderate supplies and constant demand from the downstream packaging sector. However, the market rebounded during December due to logistic issues. The prices of the product remained stable due to the prevailing gap between current inventories in circulation and existing demand. The stability in prices was largely attributed to stable prices of feedstock PET, which stagnated production costs. The constant demand was attributed to moderate purchasing activities by the local populace due to continued increments in the interest rates by the Federal Bank, which confined purchasing outlooks to per requirement. However, with the surge in the prices of upstream crude oil, the prices of BOPET eventually surged which added to production costs and appreciated prices of the product. Moreover, the US market has been significantly impacted by the recent logistical difficulties. As a ripple effect, the d...