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SunSirs: Building Material, What is the Trend of Wastepaper Market in April?

April 16 2020 11:04:58     SunSirs (Selena)

According to the data monitoring of SunSirs: wastepaper Market: at present, as of April 15, the average purchase price of Grade A in wastepaper market is 1,810 RMB/ ton, which is 133 RMB/ ton lower than the average purchase price of 1,677 RMB/ ton at the beginning of the month (April 1), with an overall increase of 7.92%. Compared with the beginning of the year (average price 2,171 RMB/ ton on January 1), the price decreased by 494 RMB/ ton, or 22.76%. Corrugated Paper Market: at present, according to the data monitoring of SunSirs, the corrugated paper market is relatively stable in the near future. The reference ex-actory price of 140g corrugated paper is around 2,900-3,200 RMB/ ton (including tax).

Market Analysis

Wastepaper Market: at the beginning of April, the domestic wastepaper market gradually increased the purchase price after a deep exploration in March. However, in the first few days, the price increase was mainly due to the small and medium-sized paper mills whose prices had fallen too much in the early stage, and then large paper enterprises in Guangdong and other places began to slightly increase the purchase price of wastepaper. From April 7 to 8, according to the monitoring data of SunSirs, the market as a whole has risen to the highest value since April, with reference to the average price of 1,836 RMB/ ton. On April 10, the market as a whole stoped price rise, and some manufacturers had started to reduce the purchase price of waste paper, and the market has started to operate in a volatile way. At present, the market is weak and stable. Including leading enterprises, most paper mills adjust their prices in time according to their respective supply and demand relations. According to the factors such as the quantity of goods delivered to each base, the price has been increased or decreased. Some paper enterprises in Hebei Province have received fair amount of goods and their prices have declined. On April 15, the overall market price rose mostly, the trend rebounded.

Corrugated paper Market: at present, the market of corrugated paper and box board paper is stable, but the overall delivery is general. At the beginning of the month, the market slightly increased the price, and the trading atmosphere has warmed up. However, after the short-term replenishment of downstream procurement, the market returned to calm. At present, the downstream market demand is still not fully opened, and it is expected that the market will remain weak and stable in the short term.

Market Forecast

According to the paper analysts of SunSirs, the recovery of the wastepaper market is weak in recent days. It is expected that the domestic wastepaper market as a whole will be stable, while the domestic waste yellow board paper market will continue to maintain a steady medium and small increase. Affected by the wastepaper market, it is expected that the corrugated paper market will also be weak and stable in the near future.

 

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