SunSirs: Short Term Weak Operation of both China White Cardboard and White Board in the Downward Trend

According to the monitoring of SunSirs, the prices of white cardboard and gray background white board paper showed a downward trend this week. On June 8th, the average market price of 230g-400g white cardboard was 4,806.67 RMB/ton, a decrease of 1.17% compared to the average market price of 4,863.33 RMB/ton on June 4th. On June 8th, the average market price of 250g gray base white board paper was 4,232.33 RMB/ton, a decrease of 0.78% compared to the average market price of 4,265.67 RMB/ton on June 4th.

By observing market changes, it can be seen that the white cardboard market prices have remained sluggish this week, with prices stabilizing and declining. The current market still shows weak demand, oversupply, pressure on enterprise production and sales, and flexible prices, which are the current state of the white cardboard market. The unstable prices of raw materials, weakened cost support, and increased downstream pressure on prices. In addition, due to insufficient market demand, downstream procurement progress is relatively slow; The high inventory of traders is a factor in price changes.

The price of gray based white board paper has steadily decreased, and some mainstream paper mills continue to offer preferential policies for white board paper. However, market transactions are still mainly single and multi negotiated, with downstream customers and end users responding relatively flat and still focusing on replenishing inventory as needed. At present, the downstream market is bearish towards the later stage, and the paper mills have a strong intention of stabilizing prices. However, mainstream paper mills mainly focus on digesting inventory, while traders mostly focus on stable shipments with relatively few price changes. But some paper mills also offer discounts on shipping to reduce inventory.

SunSirs paper analysts believe that the current white cardboard and gray background white board markets are still affected by factors such as high inventory and weak demand, and prices remain stable in the downward trend. It is expected that the prices of white cardboard and gray background white board will be weak in China in the short term.

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