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SunSirs: White Cardboard and White Board Market was Stable, or Short-term Low Fluctuations in July
August 01 2023 09:39:44SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the prices of white cardboard and gray background white board paper slightly decreased in July. On July 28th, the average market price of 230g-400g white cardboard in China was 4,640 RMB/ton, a decrease of 0.71% compared to the average market price of 4,673.33 RMB/ton on July 1st. On July 28th, the average market price of 250g white board paper in China was 4,165.67 RMB/ton, a decrease of 0.79% compared to the average market price of 4,199 RMB/ton on July 1st.

By observing market changes, it can be seen that the price of white cardboard in China declined slightly in mid to early July. Due to the relatively small number of new orders in the market, it is basically in a state of just in need of purchase. Although some small and medium-sized white cardboard companies in Guangdong, Jiangsu, Jiangxi and other regions were the first to issue price increase letters at the beginning of the month, leading white cardboard companies followed suit in increasing prices, there are still paper mills offering preferential prices to increase shipments.

In late July, the price of white cardboard market remained stable, and the production of new production capacity for white cardboard continued to increase. Demand continued to decline during the off-season, and the payment cycle entered in late July. The market's trading center was under downward pressure. In the face of insufficient market demand, orders from downstream printing and packaging factories have steadily declined, and procurement progress has been slow.

By observing market changes, it can be seen that in mid to early July, the price of whiteboard paper fluctuated and decreased, and market transactions were still dominated by single and multi negotiation. Downstream customers and end users responded relatively calmly, still focusing on replenishing inventory as needed. At present, the downstream market is bearish towards the later stage, and mainstream paper mills have relatively high inventory, mainly focusing on digesting inventory. Therefore, the price has been lowered to increase shipment volume.

In late July, the market price of gray base white board paper was stable, and the enthusiasm for starting the white board paper factory was not high. It was in the traditional off-season, and downstream procurement mentality was cautious, with limited new order growth. The market supply pressure is high, and paper mills are under pressure to ship, making it difficult to alleviate the supply-demand contradiction. Mainstream paper mills mainly focus on digesting inventory, while traders mostly focus on stable shipments with relatively few price changes.

SunSirs paper analysts believe that the current inventory of traders in the white cardboard and whiteboard markets is high, and market confidence is insufficient. Although there has been a new round of price hikes for white cardboard recently, the previous round of price hikes has not been ideal due to the fact that terminal demand has not yet recovered. The landing of the new round of price hikes is still to be observed, and it is expected that the prices of white cardboard and whiteboard will fluctuate at a low level in the short term.


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