SunSirs: Wastepaper and Corrugated paper Continue to Rise in China, with Short-term Strong Operation

According to the monitoring of the commodity market analysis system of SunSirs, the prices of Wastepaper in Zhejiang region continue to stabilize and rise. On September 22, the average purchase price of A-grade waste yellow cardboard in Zhejiang Province was 1,564 RMB/ton, an increase of 1.56% compared to the average price of 1,540 RMB/ton on September 17. The price of corrugated paper has maintained an upward trend. On September 22, the average ex factory price of 140g corrugated base paper was 2,816 RMB/ton, an increase of 1.44% compared to the average price of 2,776 RMB/ton on September 17.

By observing market changes, it can be seen that the domestic Wastepaper market prices were strong in the south and weak in the north last week, with a slight upward trend overall. The increase in Wastepaper prices in Zhejiang region has slightly increased. The current upward trend of the raw paper market has a good atmosphere, and the price of Wastepaper is showing a trend of rising. In terms of supply, the recycling volume of packaging plants has slightly increased with the recovery of downstream demand, and the market inventory has increased compared to the previous period. In terms of demand, after a period of recovery in the end market, there has been a recovery in demand, and the market's purchasing power has increased compared to the previous period. Therefore, the price of Wastepaper has fluctuated and risen.

The price of corrugated base paper has remained positive and upward this week. With the gradual increase in orders for National Day and Mid Autumn Festival, the supply-demand contradiction has eased, and the price of positive paper has moved up. In addition, the paper industry has shown signs of overall recovery in recent times, and major paper companies have issued price increases targeting multiple types of paper. Corrugated paper has also welcomed the third round of price increases this month. Due to the demand for stocking during the Mid Autumn Festival, paper companies' inventory is relatively low, and the marginal demand recovery has boosted expectations for downstream packaging paper demand, thus driving up the price of corrugated paper.

According to paper analysts from SunSirs, with the current global economic recovery and the promotion of domestic stable growth policies, market confidence is recovering. Driven by the positive trend of gold and silver, the corrugated paper industry has also entered the traditional consumption peak season, and the market is stable and improving. It is expected that the prices of Wastepaper and corrugated base paper may continue to be strong in the short term.

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