SunSirs: Low Level Operation, Waste Paper and Corrugated Paper continues to be Weak in the Short Term

According to the data monitoring of SunSirs, the price of waste paper in Zhejiang is still in the downward trend recently. As of December 23, the average purchase price of grade A waste yellowboard in Zhejiang was 1,944 RMB/ton, down 2.02% compared with the average price of 1,984 RMB/ton on December 11. The price of corrugated paper remained stable and fluctuated slightly. On December 23, the average ex factory price of 140g corrugated base paper was 3,204 RMB/ton, down 0.12% compared with the average price of 3,208 RMB/ton on December 11.

According to the observation of market changes, the domestic waste paper price is still weak in the near future. This weekend, the price showed a slight upward momentum, but only a few paper mills made small adjustments. There are several factors that affect the price of waste paper. First, with the frequent shutdown letters of leading paper mills recently, the inventory after the production limit is reduced and the price of finished paper is intentionally raised; Second, the liberalization of the epidemic led to a rebound in the consumption of some packaging paper. As the Spring Festival holiday is approaching, the paper mills are optimistic about the market after the year, and the demand for waste paper is temporarily stabilizing.

In terms of the price of corrugated base paper, the price of corrugated paper has been largely stable and slightly changed in the near future. Due to the impact of early shutdown and production restriction, some paper mills have slightly eased their inventory. With the approaching of the Spring Festival holiday, the market prices of some corrugated paper mills have slightly rebounded tentatively, but most of them are still stable, and some paper mills have slightly reduced their prices and increased their shipments. The paper mills mainly talk about actual orders according to their own and regional market conditions. At present, the high infection of the population after the liberalization of the epidemic situation is not conducive to the short-term commercial circulation. Downstream packaging plants are more cautious in purchasing, and most of them are just in need.

According to SunSirs paper analysts, the price of waste paper raw materials is still dominated by range fluctuations, showing a low shock trend as a whole, and the cost has little impact on the base paper market. However, the trading of the corrugated base paper market is difficult to change in the short term, and the paper price is relatively weak. It is expected that the prices of waste paper and corrugated paper will continue to be weak and consolidated in China in the short term.

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