SunSirs: China Corrugated Paper Prices Rise, Short-term Stable to Upward Trend

https://www.chemnet.com   Nov 08,2024 SunSirs

According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of corrugated paper has shown an upward trend this week. On November 7th, the average ex factory price of 140g corrugated paper was 2,616 RMB/ton, an increase of 0.46% compared to the average price of 2,600 RMB/ton on November 1st.

In terms of upstream raw materials, the price of waste paper in Zhejiang region has slightly increased this week, while the price of waste paper in domestic paper mills has remained stable. On November 7th, the average purchase price of A-grade waste yellow board paper in Zhejiang region was 1,507 RMB/ton, an increase of 0.27% compared to the average price on November 1st. Recently, the inventory of waste yellow cardboard in packaging stations may accelerate, and the demand intention of paper mills is relatively strong, in a state of stable price procurement of waste paper. In addition, frequent price increase letters in downstream markets have had a positive impact on the waste paper market, resulting in a slight increase in waste paper prices.

On the supply side: Currently, some paper mills have issued notices of shutdown and maintenance, which has temporarily eased the inventory pressure of most paper mills and alleviated the oversupply of corrugated paper in the market. In addition, some bases of large-scale paper mills still have price increase plans, providing favorable support for further market price increases.

In terms of demand: Currently, as e-commerce paper packaging companies enter the end of pre procurement, the order volume of some downstream packaging companies is showing signs of weakening, and the transmission of packaging costs to downstream is facing resistance, which may affect the procurement rhythm of raw paper. In the context of frequent price increase letters from leading paper mills, downstream paper mills maintain a wait-and-see attitude and purchase more according to demand.

According to a paper analyst from SunSirs, there have been frequent price increase letters from paper mills recently, with small and medium-sized paper mills following suit and receiving notices of shutdown and maintenance. In addition, after the e-commerce festival, the demand for paper mills may also slow down. In the weak state of supply and demand, the price of corrugated paper may remain stable and fluctuate slightly. It is expected that the price of corrugated paper will remain stable and rise in the short term.

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