Weekly Price Report | Corrugated paper, containerboard (6.07-6.13)

Packaging Paper (Corrugated, Containerboard) Market Weekly Report (2024.6.07-2024.6.13 |.) Week 24), details are as follows:

Main content:

Corrugated market

This week, the price of corrugated paper market showed a slight fluctuation, and the overall trend was to rise first and then stabilize. The main reasons include the following:

Price change: The average price of corrugated paper in the mainstream market was 2815.67 yuan / ton, up 0.36% from last week. All bases of Nine Dragons Paper have increased their prices, ranging from 30 to 50 yuan/ton.

Market factors: The price adjustment is mainly due to the high cost, the market price inversion is serious, and the paper enterprises have meager profits or even losses. There is no significant improvement on the demand side, downstream customers mainly replenish the warehouse, paper enterprises consume base paper slowly, and the inventory remains at a medium to high level.

Raw material prices: The market for waste yellow paper fluctuates greatly, and the supply of waste paper has decreased due to rainfall in the south and busy farming in the north, and the price has increased slightly.

Supply: Some paper mills are expected to produce 362393 tons of corrugated paper due to equipment maintenance or cost pressure, down 0.68% month-on-month.

Demand: In the traditional off-season, the demand is weak, the operating load of the downstream secondary plants is declining, and the willingness to purchase is not strong.

Cost and profit: the average weekly cost of corrugated paper was 2796.81 yuan/ton, an increase of 0.16% from last week; The profit was 21.19 yuan/ton, an increase of 34.63% from last week, and the gross profit margin was 0.75%.

Containerboard market

This week, the market price of containerboard also showed a slight fluctuation, and the trend is similar to that of corrugated paper:

Price change: The average price of containerboard in the mainstream market was 3725.67 yuan/ton, up 0.22% from last week. Nine Dragons Paper raised prices by 30 to 50 yuan/ton.

Market factors: The reasons for price adjustment are similar to corrugated paper, mainly due to high costs, inverted market prices, and meager profits for paper companies.

Raw material prices: The market price of waste yellow cardboard also fluctuates, and the supply is reduced due to factors in the north and south, and the price support is enhanced.

Supply: Production is expected to be 353464 tonnes, down 0.45% month-on-month.

Demand: Demand is still weak, and the impact of the traditional off-season is obvious.

Cost and profit: the average weekly cost of containerboard was 3373.3 yuan/ton, up 0.17% from last week; The profit was 353.7 yuan / ton, up 0.67% from last week, and the gross profit margin was 9.49%.

Upstream market conditions

Pulp Market:

The international wood pulp market is running smoothly and prices are high.

The domestic wood pulp spot market price has been lowered, and the demand is weak.

Waste Paper Market:

The price of waste paper market fluctuates flexibly, and there is no unified trend in the overall price.

The national average reference price of waste yellow cardboard was 1588.3 yuan/ton, an increase of 0.23% from last week.

Wrapping paper price trend forecast for next week

It is expected that the corrugated and containerboard market will remain volatile next week, affected by the following factors:

Raw material prices: The price of waste paper fell slightly.

Downstream demand: Poor market demand.

Inventory pressure: Inventory pressure is high.

Export market: The export market is average.

Market Sentiment: Market sentiment is not positive.

Cost profit: Costs are rising, but profits are still controllable.

To sum up, the corrugated and containerboard market performed smoothly this week, but there are certain cost pressures and weak demand, and the market is expected to remain volatile in the short term.

Core data

Corrugated market data

Price Action Data:

This week's average price in the mainstream market of corrugated paper: 2815.67 yuan/ton

Up from last week: 0.36%

Increase range: 30 yuan to 50 yuan / ton

Cost and Profit:

The average weekly cost of corrugated paper: 2796.81 yuan/ton

Up from last week: 0.16%

The average reference price of waste yellow cardboard in China: 1588.3 yuan/ton

Up from last week: 0.23%

Corrugated weekly profit: 21.19 yuan/ton

Up from last week: 34.63%

Gross Profit Margin: 0.75%

Availability:

This week's corrugated paper production: 362393 tons

MoM decrease: 0.68%

Availability:

This week's corrugated inventory: 773875 tons

MoM decrease: 0.43%

Imports and Exports (April 2024):

Corrugated paper imports: 260,711.638 tons

MoM:27.86%

Corrugated paper export volume: 1855.568 tons

MoM Increase: 7.04%

Apparent consumption (April 2024):

Apparent consumption of corrugated paper: 1697348.07 tons

MoM Decline: 5.87%

Year-on-year decline: 7.73%

Containerboard market data

Price Action Data:

This week's average price in the mainstream market of containerboard: 3725.67 yuan/ton

Up from last week: 0.22%

Increase range: 30 yuan to 50 yuan / ton

Cost and Profit:

The average weekly cost of containerboard: 3373.3 yuan/ton

Up from last week: 0.17%

The average reference price of waste yellow cardboard in China: 1588.3 yuan/ton

Up from last week: 0.23%

Weekly profit of containerboard: 353.7 yuan/ton

Up from last week: 0.67%

Gross Profit Margin: 9.49%

Availability:

This week's containerboard production: 353464 tons

MoM: 0.45%

Availability:

This week's containerboard stocks: 787139 tons

MoM decline: 0.3%

Imports and Exports (April 2024):

Containerboard imports: 387,168.712 tons

MoM Increase: 6.11%

Containerboard export volume: 442.198 tons

MoM Increase: 17.89%

Apparent consumption (April 2024):

Apparent consumption of containerboard: 2005736.51 tons

MoM Increase: 0.91%

Year-on-year decline: 1.63%

Data source: National Bureau of Statistics/China Customs/BAIINFO/Baichuan Yingfu Big Data

Weekly Price Report | Corrugated paper, containerboard (6.07-6.13)

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