Following the first signs of cooling prices for flexible packaging materials seen at the end of 2022, the first quarter of 2023 saw a drop across the basket of materials, with only aluminium foil ticking up further (from 179% to 187% v Q4 2020)* due to higher conversion costs. Only 60gsm one sided coated paper remained stable at 170%, v Q4 2020. Other materials such as 15-micron BOPA film at 147%, 12-micron PET film at 145% and 20 micron BOPP film at 140% remain well above Q4 2020 price levels,
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