According to the monitoring of the commodity market analysis system of SunSirs, the price of waste paper in Zhejiang Province has remained stable after a slight decline this week. On May 23, the average purchase price of A-grade waste yellow cardboard in Zhejiang Province was 1,466 RMB/ton, a decrease of 0.27% compared to the average price of 1,474 RMB/ton on May 19. The price of corrugated paper is running steadily. On May 23rd, the average ex factory price of 140g corrugated base paper was 2,662 RMB/ton, which remained stable compared to the average price on May 19th.

By observing market changes, it can be seen that the decline in wastepaper prices in Zhejiang region has been relatively slow this week, while waste paper prices in other regions of China are mostly adjusted according to their own needs. The current market for waste yellow cardboard has sufficient recycling volume, with active shipments from packaging stations and low inventory levels. However, factors such as sluggish demand in the downstream paper mill market and downtime for maintenance have weakened the purchasing interest of paper mills. In a market state of oversupply, the price of waste paper still slightly declines.

The price of corrugated paper continues to maintain a stable trend, although the price of raw material waste paper fluctuates, it has little impact on the overall cost fluctuation. The current policies of large-scale paper mills vary, and small and medium-sized paper mills often adopt flexible adjustment strategies. Although upstream paper mills have encouraged some packaging factories to replenish their inventory in moderation through discount promotion strategies, the overall replenishment volume is limited. In addition, imported corrugated paper flows into the market, and inventory remains high, with sufficient supply. However, the corrugated paper market is still in the off-season of consumption, with insufficient demand release.

The price of gray background whiteboard paper has remained stable for the time being. On May 23, the average market price of 250g gray background whiteboard paper was 3,749 RMB/ton, which remained stable compared to the market average price on May 19. The whiteboard market is currently in the off-season of consumption, with slow recovery of terminal demand and weak orders. Business owners lack confidence in the future. In addition, the prices of raw materials and waste paper are relatively weak, and cost support is relatively weak. Due to the continuous weakening of prices in the early stage, prices have been in a state of digestion recently, so they are temporarily stable and wait-and-see.

SunSirs paper analysts believe that the current intention to ship waste paper packaging stations has increased, but the demand for finished paper is weak, leading to a decrease in the purchasing willingness of paper companies and putting pressure on the price of waste yellow cardboard. The pattern of oversupply in the corrugated paper market is difficult to change, but paper mills are expected to maintain low prices for waste paper and corrugated paper in the short term under profit pressure.

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