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SunSirs: China White Cardboard and Whiteboard Remained Stable with a Downward Trend, and in the short term in January
February 02 2024 14:38:49SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the prices of white cardboard and gray background whiteboard paper slightly decreased in January. On January 31st, the average market price of 230g-400g white cardboard in China was 5,206.67 RMB/ton, a decrease of 0.64% compared to the average market price of 5,240 RMB/ton on January 1st. On January 31st, the average market price of 250g white board paper in China was 4,032.33 RMB/ton, a decrease of 0.82% compared to the average market price of 4,065.67 RMB/ton on January 1st.

By observing market changes, it can be seen that the white cardboard market prices remained mostly stable in January, with a slight decrease in mid month and then returning to stability again. In terms of supply, market shipments have slowed down, and the overall enthusiasm of traders to place orders has significantly declined. Some companies have shown an increasing trend in inventory. Subsequently, the price of white cardboard stabilized and declined, with the main driving factors being the imbalance between supply and demand and the strong risk aversion mentality of customers before the year. January is the last trading period before the Spring Festival, so the ordering cycle of downstream customers has been shortened. The market is mainly dominated by small orders, and there is a lack of large orders. The overall demand release space in the market is limited, and the driving effect on the market is not significant. Prices will stabilize again.

By observing market changes, it can be seen that the price of domestic gray bottom whiteboard paper continued to decline in January, and the release of market demand was less than expected. Paper mills have gradually lowered paper prices. In addition, the Spring Festival orders have declined significantly compared to previous years, and many distributors have no intention of replenishing their inventory. Therefore, paper mills are under pressure to ship, and inventory is showing an increasing trend. Some paper mills have lowered paper prices to stimulate downstream purchases. From the shutdown and maintenance plan released by the paper mill, it can be seen that more large-scale paper mills started shutdown and maintenance in February, and some small and medium-sized factories gradually shut down for maintenance in January. There is not much room to alleviate market supply pressure. Subsequently, Spring Festival orders gradually entered the final stage, and dealers still had no intention of replenishing inventory, mainly focusing on clearing inventory, resulting in insufficient market demand.

According to paper analysts from SunSirs, as the Spring Festival holiday approaches, market trading is gradually weakening, and downstream takeover intentions are not high. The market continues to experience oversupply, and there is no significant cost impact on the market. In addition, with the approaching Spring Festival holiday, the market is mainly in a wait-and-see state, and there are few changes in trading prices. It is expected that the prices of white cardboard and gray background white board paper will remain stable in the short term.


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