According to the monitoring of the commodity market analysis system of SunSirs, the price of corrugated paper fluctuated downward this week. On July 4th, the average ex factory price of 140g corrugated base paper was 2,610 RMB/ton, a decrease of 0.84% compared to the average price of 2,632 RMB/ton on June 30th.

In terms of upstream raw materials: This week, the prices of waste paper in Zhejiang region have remained stable with minor fluctuations, and paper mills have mostly made narrow adjustments based on their own needs. On July 4th, the average purchase price of A-grade waste yellow cardboard in Zhejiang Province was 1,468 RMB/ton, a decrease of 0.41% compared to the average price of 1,474 RMB/ton on June 30th. Recently, the price of raw paper has not been easy to push up, and the market has a strong wait-and-see atmosphere. The upward trend of waste paper is weak. The continuous expansion of the shutdown of some regional paper mills and the impact of rainy weather has significantly reduced the demand for waste paper and greatly affected the supply of waste paper.

In terms of supply: In early July, large-scale paper mills announced price adjustment measures, and Jiulong Dongguan and Tianjin bases lowered some raw paper prices by 30-50 RMB/ton, driving some regional paper mills to lower their prices. Under the situation of "paper from the north moving south" in the market, the supply pressure on the northern market has been alleviated, but on the contrary, it has intensified price competition in the southern region, making it difficult for paper mills to push up prices and implement them. In addition, the generally high inventory of paper mills has also limited the further increase in paper prices.

In terms of demand: The current downstream market demand is still weak, and packaging factories have increased bearish sentiment and weak purchasing willingness. In a state where the incremental performance of orders is not significant, the inventory of paper mills has slightly increased, which has led to a decrease in prices due to market conditions.

SunSirs paper analysts believe that due to the price reduction of leading paper mills, some regional paper mills may continue to adjust in the future. However, market demand still needs improvement. Currently, the sales situation of paper mills is average, and most businesses are mainly wait-and-see. It is expected that the price of corrugated paper will maintain a range of price adjustments in the short term.

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