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SunSirs: Both White Cardboard and Whiteboard Were Going Down, and They Will Be Sorted at a Low level in the Short Term
July 22 2022 09:28:03SunSirs(John)

Price trend

According to the data monitoring of SunSirs, this week, the prices of white cardboard and whiteboard paper decreased by different degrees. On July 21, the average market price of white cardboard 230g-400g was 6,373.33 RMB/ton, which was 1.54% lower than the average price at the beginning of the week (the average market price on July 17 was 6,473.33 RMB/ton). On July 21, the average market price of 250g white board paper was 4,645.67 RMB/ton, a decrease of 2.97% compared with the average price at the beginning of the week (the average market price on July 17 was 4,779 RMB/ton).

Analysis review

Judging from the observation of market changes, the price trend of white cardboard was weak and down this week, and the market quotation was loose and lowered. Downstream end users had limited acceptance, and most market transactions were based on negotiation. The market is still in the off-season, and the release of new production capacity has increased the pressure on market supply and the contradiction between supply and demand. Supported by the export quota of white cardboard, it is conducive to normal domestic production.

The price of whiteboard paper continued to fall this week, and the market price showed a ladder-like downward trend. The downstream demand was still not good, the inventory of paper mills was still at a high level, and the market was in a state of destocking, which made the prices of whiteboard paper reduced one after another. Traders' quotations were chaotic, and most of them were based on a single negotiation.

Market outlook

The paper analyst of SunSirs believes that the current situation of oversupply in the white cardboard market is prominent, and the industry has poor confidence in the market outlook, and it is more of a wait-and-see state. Whiteboard paper is still dominated by destocking, which alleviates the impact of increased pressure on the supply side of whiteboard paper. It is expected that the prices of white cardboard and whiteboard paper will remain low in the short term.

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