According to the monitoring of the commodity market analysis system of SunSirs, the prices of white cardboard and gray background whiteboard have slightly declined this week. On January 18th, the average market price of 230g-400g white cardboard was 5,206.47 RMB/ton, a decrease of 0.64% compared to the average market price of 5,240 RMB/ton on January 14th. On January 18th, the average market price of 250g gray background whiteboard paper 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 14th.

By observing market changes, it can be seen that the price of white cardboard has stabilized and declined this week. The main driving factors are the imbalance between supply and demand, as well as the strong risk aversion mentality of customers before the year. There is still a strong demand in the current market, but the overall supply is abundant, and the supply-demand contradiction has not improved significantly. 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 it has little effect on driving the market.

The price of gray background whiteboard paper has slightly decreased, and the release of market demand is less than expected. The Spring Festival orders have declined more significantly compared to previous years, and many distributors have no intention of replenishing inventory. Therefore, the shipment of paper mills is under pressure, and inventory is showing an increasing trend. Some paper mills have lowered paper prices to stimulate downstream purchases. From the current shutdown and maintenance plans announced by the paper mills, 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. The impact of the decline in the price of white cardboard has gradually narrowed the price difference with white cardboard, enhancing its substitutability, and most businesses have a bearish outlook on the future market.

The paper analyst from SunSirs believes that there is not much room for incremental demand for white cardboard and gray background whiteboard paper at present, and the market continues to be in a situation of oversupply. In addition, the cost aspect has not significantly driven 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 whiteboard paper will be weak in the short term.

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