According to the monitoring of the commodity market analysis system of SunSirs, the price of wastepaper in Zhejiang Province fluctuated and declined last week. On July 21st, the average purchase price of A-grade waste yellow cardboard in Zhejiang Province was 1,528 RMB/ton, a decrease of 0.52% compared to the average price of 1,536 RMB/ton on July 16th. The price of corrugated paper fluctuated and declined. On July 21, the average ex factory price of 140g corrugated base paper was 2,690 RMB/ton, a decrease of 1.1% compared to the average price of 2,720 RMB/ton on July 16.

By observing market changes, it can be seen that the domestic wastepaper market experienced a slight and slow decline last week, with overall performance showing significant stability and slight fluctuations. On the supply side, the recycling volume of the packaging plant is gradually improving with the arrival of summer, and the market inventory has slightly increased compared to the previous period. In terms of demand, downstream finished paper has entered the off-season of the industry, and the market demand momentum is insufficient. Distributors often restock according to orders, and the market demand is mainly in demand. Due to the drag of finished paper, the fluctuation range of wastepaper has been adjusted by a narrow margin.

The price of corrugated base paper has continued to decline this week. Recently, leading paper mills have issued another price reduction notice, and the atmosphere of the packaging paper market downturn continues to permeate the industry. The price of corrugated base paper is affected by the industry's supply and demand pattern and cost price changes. Some paper mills have implemented quantitative preferential policies for shipment, resulting in a weak trading atmosphere in the market. The price of raw material wastepaper continues to decline, and due to the mutual transmission effect of upstream and downstream products, it has formed a certain negative impact on the corrugated base paper market. In addition, due to the lack of positive feedback in the market, some companies have lowered their offers in line with the trend.

Paper analysts from SunSirs believe that both the wastepaper and corrugated paper markets are currently in a downward trend, with poor downstream purchasing willingness and a basic state of just in need replenishment. Terminal orders are limited, overall market trading volume is flat, and prices lack upward momentum. It is expected that the prices of wastepaper and corrugated base paper will continue to be low in the short term.

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