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SunSirs: China Wastepaper and Corrugated Paper Market was Stable

September 21 2020 14:00:52     SunSirs (Selena)

According to SunSirs: last week, the price of wastepaper market showed a trend of rising and falling, but the price change of paper mills was relatively small, only a small number of paper mills adjusted their prices. On September 18, the average purchase price of waste yellow board paper market was 2,152.86 RMB/ ton, which was reduced by 1.43 RMB/ ton or 0.07% compared with the average purchase price of waste paper at the beginning of the week (the average purchase price of waste paper was 2,154.29 RMB/ ton on September 13). The average price of corrugated base paper on September 18 was 3,325 RMB/ ton, which remained stable compared with the average price of corrugated base paper at the beginning of the week (the average price of corrugated base paper on September 13 was 3,325 RMB/ ton).

From the observation of market changes, in early September, driven by the rise in paper prices, the price of state-owned waste was in a state of rising more than falling. However, due to the rapid stabilization of paper price, the price of domestic wastepaper has also changed from more to less. In recent two weeks, the price of wastepaper has been in a downward trend. From this point of view, the price of state-owned wastepaper in September may face greater upward pressure. The first reason is that the price of wastepaper this year has increased compared with that of the same period of last year, resulting in a smaller space for subsequent rise than the same period last year. In addition, the rain weather in September gradually decreased, and the supply of wastepaper was stable, which was not conducive to the rise of prices.

In terms of the price of corrugated base paper, the price of corrugated base paper is still stable recently. Although the price is stable, compared with the same period of many years, the price of corrugated paper has increased by 9.49%. Therefore, the price of base paper is at a relatively high level this year. Due to the influence of the early epidemic situation, the sales volume is lower. At present, the price policy of large-scale paper mills tends to be stable, which makes it difficult to pull up the terminal price. In addition, under the double pressure of paper mill inventory and demand recovery uncertainty, the corrugated paper price has been stable to stabilize the market delivery.

SunSirs paper analysts believe that the current wastepaper and base paper market demand is still affected by the characteristics of the traditional weak and peak season, but the actual price trend still needs to be focused on the actual market demand. The atmosphere of this year's sales season is a little cold, and the impact of wastepaper price on the base paper market is greatly enhanced. The support of wastepaper cost determines the price trend of finished paper. It is estimated that the price of China wastepaper and corrugated paper will be in a stable adjustment state before the National Day holiday.

 

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