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SunSirs: China Waste Paper and Corrugated Paper was Declining

September 27 2022 09:53:11     SunSirs (Selena)

According to the data monitored by SunSirs, the purchase price of waste paper in Zhejiang Province entered a negative state last week. On September 23, the average purchase price of grade A waste yellowboard in Zhejiang was 1,916 yuan/ton, down 2.84% compared with the average price at the beginning of the week (the average market purchase price on September 18 was 1,972 yuan/ton). The price of corrugated paper fell again. On September 23, the average ex factory price of 140g corrugated base paper was 3,300 yuan/ton, which was 0.9% lower than the average price at the beginning of the week (on September 18, the average ex factory price of 140g corrugated base paper was 3,330 yuan/ton).

According to the observation of market changes, the domestic waste paper price was still in a downward trend last week. As the consumption peak season of the Mid Autumn Festival has passed, the number of waste paper for living packaging has increased significantly, which makes the packaging station actively shipping waste paper at a high level. However, the downtime of paper mills in many places has not been improved, which has reduced the demand of paper mills for waste paper. Therefore, the price of waste paper has been continuously lowered to reduce the arrival of waste paper.

In terms of the price of corrugated base paper, the price of corrugated paper last week is in a downward trend. With the end of orders for the Mid Autumn Festival, the specific increment of the market is limited, while the orders for the Double 11 Festival have not yet been released in the late period. The business owners are more cautious, focusing on just in need procurement. Under the condition of few orders in the near future, some paper enterprises introduced preferential policies and lowered the price of corrugated paper again.

According to SunSirs paper analysts, it is reasonable that waste paper and corrugated paper will decline when demand is weak and supply increases slightly. In the near future, there is still no positive trend in the market. It is expected that the prices of waste paper and corrugated paper will continue to run at a low level in China in the short term.

 

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