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SunSirs: The Price of Wastepaper and Corrugated Paper continues to Decline in China
July 20 2021 14:16:40SunSirs(Selena)

According to SunSirs: last week, the downward trend of wastepaper prices continued to decline until the weekend before the downward trend stopped slightly. On July 16, the average purchase price of waste yellow paperboard Market was 2,415 RMB/ ton, which was 20 RMB/ ton lower than that at the beginning of the week (the average purchase price of waste paper on July 11 was 2,435 RMB/ ton), a decrease of 0.82%. The price of corrugated paper also continued to decline last week. On July 16, the average ex-factory price of 140g corrugated base paper was 3,615 RMB/ ton. Compared with the average ex-factory price of 140g corrugated base paper at the beginning of the month (on July 1, the average ex factory price of 140g corrugated base paper was 3,638.33 RMB/ ton), the average ex-factory price of 140g corrugated base paper decreased 23.33 RMB/ ton, down 0.64%.

By observing the market changes, the purchasing price of wastepaper continued to decline in the downward trend last week. However, the main areas of price reduction were East China and South China, and other areas followed the trend. It was not until July 16 that the purchasing price of wastepaper gradually stopped the downward trend and returned to rise. Since July, Dongguan Nine Dragons has realized "seven consecutive declines", with a cumulative decline of 290 RMB/ ton. At present, the demand for finished paper is weak, the manufacturers' purchasing interest is negative, and there is no supporting factor for the rise of waste paper price. But recently affected by the rainy season, some paper mills also reduced the amount of arrival, so the weekend seems to rise in the current trend.

In terms of the price of corrugated base paper, the price of raw material and waste paper continued to decline this week, but the price decline was not large, and most of them fluctuated slightly. Due to the influence of Guangdong's coal to gas policy, the current supply side is slightly narrowed. In addition, the terminal demand is light, and most of the downstream secondary plants are just in need of replenishment, which makes the market trading atmosphere not strong.

SunSirs paper analysts believe that the current market demand for wastepaper and corrugated paper is relatively weak, so the price of paper enterprises may fluctuate slightly. At this stage, the traditional off-season trend of the market is still continuing. It is expected that the overall price of wastepaper and corrugated paper may be weak and stable in China in the short term.

 

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