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SunSirs: Waste Paper and Corrugated Paper Remained on the Rise and Continue To Be Strong in the Short Term
April 11 2022 10:26:35SunSirs(John)

Price trend

According to the data monitoring of SunSirs, this week, the domestic waste paper purchase price maintained an upward trend. On April 8, the average purchase price of grade A waste yellow board paper in Zhejiang was 2,446 RMB/ton, which was 1.92% higher than that at the beginning of the week (the average market purchase price on April 3 was 2,400 RMB/ton). The price of corrugated paper also rose. On April 8, the average ex-factory price of 140g corrugated base paper was 3,796 RMB/ton, which was 1.61% higher than that at the beginning of the week (the average ex-factory price of 140g corrugated base paper was 3,736 RMB/ton on April 3).

Analysis review

Judging from the changes in the market, the purchase price of domestic waste paper was still rising this week, and some paper mills in Zhejiang had been increasing for several days. As of the 8th, due to the continuous impact of the epidemic in China, the market transportation was still blocked, which made it difficult for the packing station to deliver goods, and the paper mill's waste paper arrival volume was low. Therefore, in order to increase the arrival of waste paper, paper mills continued to increase the purchase price of waste paper.

In terms of corrugated base paper prices, prices rose again this week. The market shutdown letter and the price increase letter were issued at the same time, and the strong market trend appeared. Due to the impact of the epidemic, the logistics in the middle and downstream of packaging were greatly affected, and logistics costs continued to rise, which also supported the rise in corrugated paper prices. The shutdown of the paper mill will also affect the output of the corrugated paper market, and the supply in the future may be reduced.

Market outlook

According to the paper analysts of SunSirs, the release time of the epidemic control is still to be determined, the market transportation is still hindered, and the demand for waste paper from paper mills is still high. Meanwhile, the price of corrugated paper has increased due to the increase in freight costs. It is expected that the price of waste paper and corrugated paper will continue to be strong in the short term.

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