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SunSirs: Wastepaper & Corrugated Paper is Short-term Stable Shock
December 08 2020 09:51:24SunSirs(Selena)

According to SunSirs: China Wastepaper market price showed a steady upward trend last week. On December 4, the average purchase price of waste yellow board paper market was 2,160 RMB/ ton, which was increased 21.43 RMB/ ton, or 1% compared with the average price of wastepaper at the beginning of the week (the average price of waste paper was 2,138.57 RMB/ ton on November 29). However, the price of corrugated paper decreased last week. On December 4, the average factory price of corrugated base paper was 3,330 RMB/ ton, which was 95 RMB/ ton lower than that at the beginning of the week (the average factory price of corrugated base paper was 3,425 RMB/ ton on November 29), which decreased by 2.77%.

According to the observation of market changes, the price of waste paper showed a steady upward trend from the beginning of the week last week, and only a few paper mills showed a downward trend near the end of the week. Although the overall tile market is stable, the price of tile paper in some regions has declined. Due to the preferential policies of Dongguan, Taicang, Quanzhou and other bases of Jiulong Paper Co., Ltd., the prices of corrugated paper and kraft paper give way to some customers, which makes the price of tile paper go down in the near future. In addition, the market demand gradually weakened, especially after the end of the "double 11" e-commerce activities, the market recovered to be stable and there was no obvious fluctuation in demand. In order to reduce the inventory, preferential measures have to be taken to reduce the inventory.

SunSirs paper analysts believe that the current domestic wastepaper market by the total ban on imports of foreign waste, and the price of domestic wastepaper has a positive trend. The price of base paper is still mainly based on market demand, and the rise of wastepaper price has also formed an effective support for the current base paper price. It is expected that the price of wastepaper and corrugated paper will be in a stable fluctuation range in the short term.


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