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SunSirs: Wastepaper is Down while Corrugated Paper is Stable in China
November 24 2020 10:33:35SunSirs(Selena)

According to the data monitoring of SunSirs, the price of wastepaper market showed a slight downward trend last week, and the reduction rate of paper mills was basically 20-30 RMB/ ton. On November 20, the average purchase price of waste yellow board paper market was 2,117.14 RMB/ ton, which decreased 17.15 RMB/ ton or 0.8% compared with the average purchase price of wastepaper at the beginning of the week (the average purchase price of waste paper was 2,134.29 RMB/ ton on November 15). However, the price of corrugated paper remained stable last week. On November 20, the average ex-factory price of corrugated base paper was 3,450 RMB/ ton, which remained stable compared with the average factory price of corrugated base paper at the beginning of the week (the average factory price of corrugated base paper on November 15 was 3,450 RMB/ ton).

According to the observation of market changes, the price of waste paper was relatively weak last week. Since the beginning of the week, the price of waste paper decreased slightly. Part of the original reason may be due to the end of the "double 11" e-commerce Festival, which increased the recovery of waste yellow board paper. In the case of oversupply, some paper enterprises in some regions slightly lowered their purchase prices. On the other hand, the inventory of domestic downstream packaging enterprises was on the high side, mainly to de-inventory, so the demand for packaging base paper was weakened, so the demand for wastepaper will also slow down.

As for the price of corrugated base paper, the price of corrugated base paper returned to stable last week. Due to the pull of "double 11" and export demand, the price of corrugated base paper increased. However, from the market situation, the demand was relatively limited, and the driving force of finished paper was slightly insufficient. Therefore, last week, the price of corrugated base paper changed from rising to stable to digest the current paper mill inventory. Recently, due to the relative weakening of downstream demand, the price was also stable.

SunSirs paper analysts believe that in the fourth quarter this year, which is relatively peak season, the market atmosphere is a bit cold, mainly related to the economic environment, the impact of the early epidemic on the economy will still exist, the wastepaper and base paper market may enter a relatively stable period, it is expected that the price of wastepaper and base paper will be stable in the short term in China.

 

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