SunSirs: China Corrugated Paper Price is Stable, with a Short-term Stable and a relatively Strong Trend

https://www.chemnet.com   Oct 21,2024 SunSirs

According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of corrugated paper has returned to stability this week, and the market is mainly observing and waiting. On October 18th, the average ex factory price of 140g corrugated paper was 2,600 RMB/ton, which remained stable compared to the average price on October 13th.

In terms of upstream raw materials, the price of waste paper in Zhejiang region still slightly decreased this week, and the price of waste paper in domestic paper mills fluctuated. On October 18th, the average purchase price of A-grade waste yellow board paper in Zhejiang region was 1,515 RMB/ton, a decrease of 0.79% compared to the average price on October 13th. The decline in the price of waste paper is mainly due to the increase in consumption during the holiday period, and the general increase in the recycling volume of waste yellow board paper at packaging stations. Against the backdrop of stable shipping intentions at packaging stations, the arrival volume of waste yellow board paper from most paper mills has increased. Therefore, the purchase price of waste paper from paper mills has been appropriately lowered, dragging down the market price of waste yellow board paper.

On the supply side: After the holiday, the operating load rate of corrugated paper mills has recovered significantly, and the process of destocking for paper companies has been relatively smooth. Some paper mills may continue to see an increase in inventory. In addition, the price increase in the corrugated paper market has been relatively smooth, and the inventory of enterprises has been reduced. However, new orders from paper mills are generally accepted, and the market still needs time to digest the increase, leading to an expected increase in supply and inventory.

On the demand side: Currently, some packaging factories are replenishing their inventory in moderation, and the corrugated paper market has good trading conditions. With paper mills issuing price increase letters one after another, some small and medium-sized paper mills have followed suit, driving the focus of corrugated paper transactions to shift upward. However, the majority of downstream packaging factories' raw paper procurement needs to be followed up, and the market has entered the consolidation stage, with an overall stable operation.

According to the paper analyst of SunSirs, the current corrugated paper market is in the stage of digesting the price increase in the early stage. The mainstream of the market remains stable, and there may be a slight increase in corrugated paper prices in some areas. The downstream market will continue to purchase according to demand, and it is expected that corrugated paper prices will remain stable and slightly strong in the short term.

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