Price trend

According to the data monitoring of SunSirs, the price of waste paper in Zhejiang Province fell sharply in January 2023. As of January 31, the average purchase price of grade A waste yellow cardboard in Zhejiang was 1,732 RMB/ton, down 11.36% from the average price of 1,954 RMB/ton on January 1. The price of corrugated paper remained stable and slightly changed. The average ex-factory price of 140g corrugated base paper on January 31 was 3,190 RMB/ton, down 0.44% from the average price of 3,204 RMB/ton on January 1.

In January, the price of waste paper in Zhejiang continued to fall, and the decline continued after the Spring Festival

In the first ten days of January, the price of waste paper in Zhejiang fell precipitously. On January 5, the price of domestic waste paper fell from south to north. On January 6, the decline continued to expand, and the purchase price of waste paper fell below the low price. Affected by the Spring Festival holiday and the opening of the epidemic, the operating rate of paper mills in various parts of the country had declined significantly, and the inventory of waste paper in paper mills was relatively high. In addition, the stock situation had also been basically completed, so the demand for waste paper had decreased significantly.

In the middle and late January, the price of domestic waste paper remained in the state of making up for the decline, and the number of paper mills whose prices fell gradually decreased, and only a few paper mills adjusted the price of waste paper. During the Spring Festival holiday, the paper mills stopped collecting waste paper, and the price remained stable. After the festival, the market gradually entered the state of resumption of production and production. The paper mill had sufficient waste paper inventory, so the price was further reduced to reduce the arrival of waste paper.

In January, the price of corrugated paper stabilized slightly, with a slight decline

In the first ten days of January, the price of corrugated paper was stable and fell, the operating rate of most domestic paper mills declined affected by the opening of the epidemic, and the shutdown of paper mills continued to increase, but the inventory of paper mills remained relatively stable. However, the procurement of the downstream packaging market was basically completed before the year, and the market demand remained weak. Therefore, a few paper mills reduced the price of corrugated base paper to increase shipments, while most of the paper mills operated smoothly.

The price of corrugated paper remained stable in late January. With the arrival of the Spring Festival holiday, the paper factory was in the period of shutdown and holiday, so the price remained stable. After the Spring Festival, the resumption of production and work in the market needs to be restored, so the downstream purchasing sentiment is still weak, and the quotation of the paper mill is temporarily stable.

Market outlook

According to the paper analysts of SunSirs, with the end of the Spring Festival holiday, the upstream and downstream of the market gradually enter the state of operation, and the current operating rate is still low, making the market demand poor. It is expected that the prices of waste paper and corrugated paper will remain weak and volatile in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com