According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of corrugated paper has stopped rising and stabilized this week. On January 9, 2025, the average ex factory price of 140g corrugated paper was 2,918 RMB/ton, which remained stable compared to the average price on January 5.
In terms of upstream raw materials: The price of waste paper in Zhejiang region slightly increased this week, while the price of waste paper in domestic paper mills fluctuated. On January 9, 2025, the average purchase price of A-grade waste yellow board paper in Zhejiang region was 1,680 RMB/ton, an increase of 0.12% compared to the average price on January 5. As the Spring Festival holiday gradually approaches, paper mills will fully launch the Spring Festival inventory plan. The demand for paper mills is strong, but currently paper mills still adjust their purchase prices according to their own needs.
In terms of supply: With the approaching Spring Festival holiday, the market supply may narrow. The large-scale paper mill has released a price increase plan for early January, and after entering the middle and late stages, the paper mill will gradually shut down for maintenance, which is expected to reduce market supply and provide some positive support for the market trend.
In terms of demand: Currently, some packaging factories have seen a slight decline in order acceptance compared to the previous period, with relatively sufficient reserve inventory and a possible decrease in purchasing enthusiasm. The main focus is on replenishing inventory for essential needs, and market demand is also expected to reduce inventory.
SunSirs paper analysts believe that due to the impact of the Spring Festival holiday, upstream paper mills and downstream packaging factories have successively issued notices of shutdown, maintenance, and holiday, which has led to a double decline in supply and demand in the corrugated paper market. It is expected that the price of corrugated paper will remain stable in the short term.
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