SunSirs: The Market for White Cardboard Declined, and White Board Remained Stable

Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of white cardboard decreased this week, while the price of gray background white board temporarily stabilized. On May 18th, the average market price of 230g-400g white cardboard was 4,913.33 RMB/ton, a decrease of 1.34% compared to the average market price of 4,980 RMB/ton on May 14th. On May 18th, the average market price of 250g gray base white board paper was 4,265.67 RMB/ton, which remained stable compared to the average market price of 4,265.67 RMB/ton on May 14th.

Analysis review

According to the observation of market changes, the price of the white cardboard market this week was stable with a slight decline and hovering at a low level. The overall market demand was light, with average market trading, and actual transactions were mostly based on negotiation. Due to oversupply, the production and sales of enterprises were under pressure, and the prices of raw materials continued to decline, cost support weakened, resulting in a weak decline in the price of white cardboard.

The price of gray based white board paper continued to maintain stability this week, and the response from downstream customers and end users was relatively flat, mainly replenishing inventory as needed. In addition, prices were falling before, and some paper mills started to lose money. Downstream markets were bearish towards the later stage, and paper mills had a strong intention to stabilize prices. As of the 18th, the fluctuation of raw material cost was limited, and the shutdown of large-scale enterprises was mainly to stabilize the market, which played a certain role in supporting the market price.

Market outlook

SunSirs paper analysts believe that as of the 18th, traders in the white cardboard and gray background white board markets had high inventory, and their confidence in the future market was insufficient. The end demand volume situation was lower than expected. Traders mainly stable shipments and price change was relatively few. It is expected that the prices of white cardboard and white board paper will mainly remain stable in the short term.

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