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SunSirs: China Wastepaper Market Took a "Roller Coaster", and the Corrugated Paper Market followed in July
August 06 2020 10:13:59SunSirs(Selena)

According to the data of SunSirs, the wastepaper market: as of July 31, the average purchase price in A-level wastepaper market was 2,087.14 yuan / ton, which was 94.14 yuan / ton higher than that at the beginning of the month (1990 yuan / ton on July 1). Corrugated paper Market: as of July 31, the corrugated paper market changed with the rise and fall with wastepaper market. The average price of 140g corrugated base paper was 3,375 yuan / ton (including tax), which was increased by 250 yuan / ton or 8% compared with the beginning of the month (the average ex-factory price was 3,125 yuan / ton (on July 1).

Although China's domestic wastepaper market fluctuated greatly in July, until July 31, according to the data monitoring of SunSirs, compared with the beginning of the month, the purchase price trend in national A-grade yellow board wastepaper market was still in the upward trend.

In the corrugated paper market, since the beginning of July, Jiulong Paper Enterprise has raised the price of base paper for many times, driving most small and medium-sized paper enterprises to follow. Since the end of July, due to the sudden drop in the price of waste paper, the market prices of corrugated paper and box board paper follow the downward trend. After that, although the price of wastepaper rebounded, the price gradually returned to stable. With the gradual start-up of paper mills, the supply of corrugated paper will increase, and the driving force of price rise will decline.

SunSirs’ paper analysts believe that although the waste paper and corrugated base paper market experienced fluctuations in July, the overall trend is still in the upward trend. At present, the raw material wastepaper market is in the state of price arrangement, and the cost support is relatively stable. The downstream of the corrugated paper market mainly needs to take goods. It is estimated that China market prices of wastepaper and corrugated paper may be stable in the short term, with partial narrow fluctuations.

 

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