Price Trend

According to the statistics of the business agency: Waste paper market: At present, the average purchase price of A-class wastepaper market is 2,297.51 RMB/ ton, which is 136 RMB/ ton lower than the average market purchase price of 2,431.43 a week ago (March 2), up 5.58%. Corrugated paper market: at present, according to data monitoring, the reference ex-factory price of 140g corrugated base paper is around 3,750-4,100 RMB/ ton (including tax).

Market Analysis

Waste paper market: Since entering March, the rising momentum of the waste paper market has been insufficient. On March 3, major paper companies began to reduce the purchase price of wastepaper, with a reduction range of 30-100 RMB/ ton, which has intensified in recent days. As of now, the wastepaper market has been declining for 8 consecutive days. This round of price reductions was initiated by Dongguan, Guangdong. Paper mills generally have single declines ranging from 50-200 RMB/ ton. Some paper mills have experienced significant declines. Paper price in Henan have fallen twice in 2-3 days, with a total decline of about 300 RMB/ ton. At present, as of March 11th, the market of national waste yellow board paper is mostly stable, and the market is currently up and down. Some scattered manufacturers have slightly raised the waste paper purchase price by 30-50 RMB/ ton, and some paper mills have still slightly reduced their quotes by 30-50 yuan, some paper companies in central China and Henan raised the purchase price of waste paper by 50-100 RMB/ ton; East China: a paper company in Shandong Zaozhuang raised the purchase price of waste paper by about 30-50 RMB/ ton; Regions lowered the purchase price of waste paper by 30-50 RMB/ ton; South China: Most paper companies in Guangdong continued to reduce the purchase price of waste paper by 20-100 RMB/ ton. At present, according to monitoring data, the market as a whole is still slightly down, but the decline has gradually stopped, and most manufacturers temporarily stabilize the offer.

Corrugated paper market: At present, the corrugated and containerboard markets are operating weakly. With the recent decline in the raw material waste paper market, most downstream paper mills have also lowered their quotations, and paper companies have made significant downward adjustments. South China: Dongguan, Guangdong, the decline ranged from 50-300 RMB/ ton, and some manufacturers continued to reduce prices, with a maximum decrease of about 400 RMB/ ton. Northern areas: Paper companies have lowered their quotations more, mainly in Shandong and Hebei, with a reduction of 150-200 RMB/ ton; some manufacturers with a small increase in the previous period have kept their prices unchanged in the current round of price reductions. At present, the demand for corrugated paper terminals is average. The demand for small-gram corrugated paper is relatively large, and the operating rate of some paper mills is still low.

SunSirs analyst paper analysts believe that at present, the original volume of waste paper has increased, the operating load of paper companies has increased, and the raw material stocks of paper companies are expected to increase. Downstream demand is temporarily unsatisfactory. It is expected that the recent price of the waste corrugated base paper market may continue to stabilize slightly.

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