According to the monitoring of the commodity market analysis system of SunSirs, the price of corrugated paper has shown an upward trend after the holiday. On February 7, 2025, the average ex factory price of 140g corrugated paper was 2,922 RMB/ton, an increase of 0.14% compared to the average price on February 2.

In terms of upstream raw materials: The price of waste paper in Zhejiang region remained stable after the holiday, while the price of waste paper in domestic paper mills fluctuated. On February 7, 2025, the average purchase price of A-grade waste yellow cardboard in Zhejiang region was 1,614 RMB/ton, which remained stable compared to the average price on February 2. After the holiday, paper mills in various regions have resumed work and production one after another. However, before the holiday, paper mills had relatively sufficient inventory of waste paper, which has led to a low demand for waste paper in the market recently. Therefore, the price of waste paper has not changed much and is relatively stable.

In terms of supply: After the holiday, paper mills began to resume production and work one after another, so the supply was somewhat weak. The paper mills' orders and shipments before the year were mainly based on existing inventory, which also led to a significant decrease in paper mill inventory, resulting in slight price fluctuations.

In terms of demand: There has been no significant increase in purchasing demand for paper packaging enterprises and end markets after the holiday, and paper mills mainly rely on pre year orders for delivery. The current market maintains a state of essential procurement, so market demand has not fully recovered yet.

The paper analyst from SunSirs believes that the current corrugated paper market is still in a weak supply-demand situation, with both production and demand gradually recovering. Therefore, the market is mainly on a wait-and-see basis, and it is expected that corrugated paper prices will remain stable with small fluctuations in the short term.

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