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SunSirs: White Cardboard and Whiteboard Market Went against the Trend in October, with Short-term Stability
October 30 2023 13:42:23SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the prices of white cardboard and gray background white board showed a trend of opposite direction in October. On October 27th, the average market price of 230g-400g white cardboard in China was 5,106.67 RMB/ton, an increase of 4.08% compared to the average market price of 4,906.67 RMB/ton on October 1st. On October 27th, the average market price of 250g white board paper in China was 4,132.33 RMB/ton, a decrease of 4.62% compared to the average market price of 4,332.33 RMB/ton on October 1st.

By observing market changes, it can be seen that the price of white cardboard in the early October market maintained an upward trend. Encouraged by the rebound in demand, the paper industry has received numerous price increase letters, which has gradually implemented the price increase of white cardboard. Driven by the rise of paper mills, downstream stocking intentions have increased, leading to an increase in demand for white cardboard. In addition, the continuous increase in upstream wood pulp prices has led to an increase in production costs, leading to a rise in the price of white cardboard.

In late October, there was still a rebound in the market price of white cardboard, and the implementation of the increase in white cardboard prices continued, with some wait-and-see paper mills following suit. After this round of price increase, the price of white cardboard has stabilized, and downstream demand is mainly based on demand. However, the upstream wood pulp prices have gradually stabilized and shown a downward trend recently, resulting in weak support for white cardboard prices. However, as the market demand gradually weakened compared with the previous period, the end of orders for the traditional Mid Autumn Festival has a certain drag on the market trading, investment and storage, so the support of demand for the market trend has also weakened.

By observing market changes, it can be seen that in early October, the domestic price of gray based white board paper was stable, and the market supply was stable. There are currently no plans to release new production capacity or shut down for maintenance. During the peak consumer season, the shipment of paper mills has improved, and the enthusiasm of paper mills to start operations has slightly increased, so the overall supply pressure in the market is not significant. Under the active promotion of growth by paper mills, the intention to replenish downstream inventory has increased. However, due to the recovery of the domestic economy, there is still insufficient market demand, resulting in limited demand growth. Most businesses are still cautious.

In late October, the price of gray based white board paper showed a decline. With the end of the Double Festival holiday, the downstream paper packaging market's demand for white board paper continued to decline. Therefore, in a state of oversupply, the price of white board paper continued to decline. In addition, some paper mills have high inventory of whiteboard paper, and in order to increase shipment volume, prices have also declined. At present, there is still a problem of insufficient market demand, so the increase in demand is limited, and most businesses still tend to be cautious.

According to paper analysts from SunSirs, there has been a phased decline in terminal orders after the current holiday, and the driving force for the continued rise in paper prices has weakened. The overall feedback from the packaging factory is that the order is average, and the replenishment progress has slowed down. In addition, the prices of upstream raw materials have fallen, so the cost side's positive support has weakened. The market is mainly wait-and-see, and it is expected that the prices of white cardboard and gray base white board will temporarily remain stable in the short term.


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