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SunSirs: Waste Paper and Base Paper Markets rose steadily, slightly adjust in the Short Term
October 29 2019 18:01:24SunSirs(Selena)

According to the data monitoring of SunSirs: last week (10.20-10.25), the purchase price of waste yellow board paper market showed an overall trend of up and down, but the price of waste paper in Zhejiang Province decreased more frequently. The corrugated base paper continued to show a steady upward trend, and the price increase information of paper mills was still frequent. On October 25, the average purchase price of waste yellow board paper market was 1,948.57 RMB/ ton, 0.15% higher than that at the beginning of the week. On October 25, the average ex-factory price of corrugated base paper was 3,186.67 RMB/ ton, 2.14% higher than that at the beginning of the week.

According to the observation of market changes, last week's price reduction of waste paper was mainly in Zhejiang Province, with continuous price reduction on October 22 and 23. However, the price reduction may be due to the positive atmosphere of replenishment in the region after the National Day holiday, and the increase of waste paper to the factory, resulting in the sufficient demand for waste paper this week, so the price reduction is to control the arrival of waste paper. Near the end of the month, some of the previously shut down paper companies are ready to resume production, so the demand for waste paper has increased, thus raising the price of waste paper. In addition, after the publication of the 13th batch of waste paper import license, it was significantly lower than the market expectation, and some paper factories in some regions began to raise the purchase price of waste paper. However, at present, most of the paper mills are based on rigid demand, so the price of waste paper has recovered and maintained stability in the near future.

In terms of corrugated base paper, after the National Day holiday, there has been a steady upward trend, with frequent price increase information from paper mills. With the arrival of e-commerce Festival, the downstream paper mills are relatively active in stock production, which will have a certain supporting role for market demand. At present, the paper enterprises have abundant orders, and the supply side is showing a positive trend. The merchants are cautious and optimistic about the future market. Due to the stable delivery of paper enterprises in the near future, this has effectively reduced inventory and laid a certain foundation for price increase.

According to the paper analysts of SunSirs, at present, the price of waste paper in China is mainly up and down. Paper factories use the delivered quantity to control and adjust the purchase price of waste paper. It is expected that the price of waste paper will be stable in the short term. In terms of base paper, due to the increase of orders in peak season, change of exchange rate, increase of production restriction cost of environmental protection and other factors, the price of base paper is likely to be in a favorable situation, and it is expected that the short-term price of corrugated paper will be mainly adjusted in a stable way.

 

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