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SunSirs: The Price of Wastepaper and Corrugated Paper Continues to Rise, or Short-term stable fluctuation

January 26 2021 10:24:03     SunSirs (Selena)

According to SunSirs data monitoring: last week, the market price of wastepaper showed a trend of first rising and then stabilizing. On January 22, the average purchase price of waste yellow paperboard Market was 2,424.29 RMB/ ton, which was 47.15 RMB/ ton higher than that at the beginning of the week (the average purchase price of waste paper on January 17 was 2,377.14 RMB/ ton), up 1.98%. With the rising price of raw materials, the price of corrugated paper also followed the upward trend. On January 22, the average ex-factory price of 140g corrugated base paper was 3,475 RMB/ ton, which was 40 RMB/ ton higher than the average ex-factory price of 140g corrugated base paper at the beginning of the week (on January 17, the average ex-factory price of 140g corrugated base paper was 3,435 RMB/ ton), an increase of 1.16%.

By observing the market changes, the price of wastepaper continued to rise at the beginning of last week. As the Spring Festival is approaching, some paper mills have announced the shutdown date. In order to ensure the normal production after the festival, the paper mills have the intention to replenish the inventory, which makes the purchase price of wastepaper rise. But then the wastepaper market gradually stabilized, and the price of paper mills began to decrease. Until January 22, the price of paper mills began to decrease. It can be seen that the arrival of wastepaper in paper mills is sufficient, and the demand is relatively saturated.

As for the price of corrugating base paper, with the rising price of raw materials, the price of corrugating base paper is rising. At present, the imported products are strictly controlled by the state, so the imported paper is relatively reduced, and the market competitiveness is weakened. With the frequent occurrence of downtime maintenance plan in some paper mills, the market supply, demand and investment situation is good. At present, the downstream paperboard factory has strong willingness to store goods and relatively active procurement. In addition, the price of wastepaper continues to rise, and the cost support is strong.

SunSirs paper analysts believe that near the weekend, the waste paper market was slightly in downward trend, it may be due to the high price and the sufficient arrival of paper mills. With the gradual stabilization of the price of wastepaper, the price of corrugated paper may also gradually stabilize. It is expected that the prices of China wastepaper and corrugated paper market will be in a stable and volatile operation in the short term.

 

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