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SunSirs: The Price of China Wastepaper & Corrugated Paper Went against the Trend, Short-term Price Adjustment was Carried Out in August
September 02 2020 10:57:02SunSirs(Selena)

According to the data monitoring of SunSirs: the price of wastepaper rose and fell in August, but the overall price was still on the upward trend. As of August 28, the average price of A-level purchase price of waste yellow board paper was 2,174.29 RMB/ ton, which was increased by 87.15 RMB/ ton or 4.18% (compared with the average price of 2,087.14 RMB/ ton on August 1). Corrugated paper Market: the market price of corrugated paper went against the price of wastepaper in August. As of August 28, the average reference ex-factory price of 140g corrugated base paper was 3,325 RMB/ ton (tax included), and the average price was reduced by 50 RMB/ ton, or 1.48% (compared with the average price of 3,375 RMB/ ton on August 1).

In August, although the domestic waste yellow board paper market rose and fell, according to the monitoring data of SunSirs, the overall trend of the market purchase price is still on the upward trend since the beginning of the month.

In terms of corrugated paper market, Taicang Jiulong and Zhejiang Jingxing issued price increase notices of base paper and box board paper since August. However, the price rise has not been well implemented in the market. Downstream paper enterprises want to increase the price, but the customers seem to disagree, while the upstream paper price is at a high level. Therefore, the market is mostly cautious, and some paper enterprises are in stable operation.

In the middle of August, the price of corrugated paper began to decline. With the price reduction of finished paper of leading paper mills such as Liwen, Jingxing and jinfenghuang, this round of price decline has spread to seven provinces. There is little trading in the base paper market. With the increase of price reduction paper mills, the market sales pressure increases. In addition, the arrival of imported paper products has a certain impact on China domestic market, so the prices of corrugated paper and cardboard have to be reduced. After this wave of price reduction, the base paper market returned to a stable state and continued until the end of the month.

According to the paper analysts of SunSirs, the rise and fall of the waste paper and corrugated base paper market in August were relatively stable. After that, with the arrival of the sales peak season, the prices of wastepaper and corregated paper should be gradually increased. However, from the current market atmosphere, it is expected that the market prices of China wastepaper and corrugated paper may be in shock finishing operation in the short term.

 

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