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SunSirs: The Market of Waste Paper & Base Paper continues to rise, Short-term Positive Result

November 08 2019 17:12:06     SunSirs (Selena)

According to the data monitoring of SunSirs: this week (11.4-11.8), the market purchase price of waste yellow board paper shows a small upward trend, and the range of increase of paper mills in various regions is relatively small, basically around 30 RMB/ ton. On November 8, the average purchase price of waste yellow board paper was 1,978.57 RMB/ ton, 0.73% higher than that at the beginning of the week. The corrugated base paper has been on the rise since October. On November 8, the average ex-factory price of corrugated base paper was 3,290 RMB/ ton, 1.65% higher than that at the beginning of the week.

According to the observation of market changes, the overall price of waste yellow board paper in this week is rising steadily, and the upward trend of price is gradually expanding from south to north. The steady growth of demand for finished paper supported the rise of domestic waste paper price. On November 5, the 14th batch of waste paper import list was publicized and released. The volume of imported waste paper was relatively reduced. In addition, the market activity at the end of the year was increasing, the demand for finished paper was greatly increased, and the orders of paper mills were also increasing. Therefore, the demand for waste paper and the willingness to store goods were significantly increased, so the purchase price of national waste yellow board paper was slightly adjusted.

In terms of corrugated base paper, the price has been on a steady upward trend since October. In the past week in November, the market price increased and the price increase in this wave is about 50-100 RMB/ ton. This wave of price rise has a relatively wide range of regions, led by large paper mills, and led by countless small paper mills, so the wave of price rise follows one wave. In addition, the Spring Festival in 2020 comes early, so shopping malls and e-commerce activities are relatively close, the demand for finished paper is greatly increased, and the relationship between supply and demand has improved. In the fourth quarter, it is still the traditional sales peak season of box board corrugated paper, thus driving the price up.

According to paper analysts of SunSirs, the price of waste paper and corrugated base paper will still be in a relatively favorable environment. Shopping malls and e-commerce festivals are coming one after another. The paper factory is in a positive state of goods preparation and production. In addition, orders are increasing in peak season and supply is tight. It is expected that the price of waste paper and base paper may still be on the rise in the short term, with the overall positive trend continuing.

 

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