Printing Paper (Coated Paper, Unoffset Paper) Market Weekly Report (2024.6.21-2024.6.27 |.) Week 26), details are as follows:
Main content:
Coated paper market
Market:
Overall: The average market price of coated paper this week (6.21-6.27) was 5,725 yuan/ton, which was stable compared with last week, showing limited price fluctuations.
Regional price distribution:
South China: 5500-5750 yuan/ton
East China: 5600-5800 yuan/ton
North China: 5750-5900 yuan/ton
Central China: 5700-5900 yuan/ton
Prices remained generally stable, mainly due to the decline in pulp prices, which limited further increases in paper prices.
Supply and demand:
Supply side: This week (6.21-6.27), the production and operation of mainstream paper mills are relatively stable, and the market supply is abundant. Production pressure has eased, especially during the centralized supply period of tender orders.
Demand side: Downstream customer demand is weak, mainly based on rigid demand procurement, and the overall market demand is relatively sluggish. Some customers carry out differentiated replenishment to find alternative sources.
Influencing factors: The high price reduction of upstream pulp prices has led to the weakening of the support on the cost side, which limits the rise in paper prices. Dealers mostly hold the price and wait and see, and the market trading situation is not good.
Costs & Profits:
Cost situation: This week (6.21-6.27) pulp prices rebounded, especially the spot price of softwood pulp and hardwood pulp fell by 50 to 150 yuan/ton, and the market is pessimistic about the recovery of demand.
Profit: The gross profit of the coated paper industry was 267.86 yuan/ton, and the gross profit margin was 4.66%. The production cost of paper mills is still under pressure, and the inversion of price and cost is widespread, which affects the profitability level.
Forecast for the future:
It is expected that in the short term, the coated paper market will continue to be weak and stable, and the price will fluctuate between 0-50 yuan/ton. The release of publishing orders has eased, but the downstream buying gas is insufficient, and the price increase momentum is insufficient.
Offset paper market
Market:
Overall: The average market price of double-offset paper this week (6.21-6.27) was 5628 yuan/ton, down 0.21% from last week. The month-on-month decline was 0.44%, showing a weak market trend.
Price Distribution:
Mainstream paper enterprises: 5400-5800 yuan/ton
High-end paper grade: 6000-6400 yuan/ton
Small and medium-sized paper enterprises: 4900-5300 yuan/ton
Supply and demand:
Supply side: This week (6.21-6.27), the domestic output of double-offset paper increased, reaching 222,700 tons, an increase of 0.50% month-on-month. The market supply is stable, the maintenance phenomenon is reduced, and the publishing orders are centrally supplied, which alleviates the contradiction between supply and demand in the market.
Demand side: the market demand is light, the purchase willingness of end users is low, and the shipment of dealers is slow. Most of the downstream customers maintain the strategy of using and buying, lack market confidence, and have little effect on price pulling.
Influencing factors: The high price of upstream pulp has intensified the cost pressure of paper enterprises, and at the same time, the driving force of downstream demand is insufficient, and the market profitability has declined.
Costs & Profits:
Cost: This week (6.21-6.27) the average cost of double-offset paper was 5493.1 yuan/ton, a decrease of 0.96% from last week. The international wood pulp market is weak, and the domestic hardwood pulp price has dropped by 100-200 yuan/ton.
Profit: The gross profit of the double-offset paper industry was 191.9 yuan/ton, and the gross profit margin was 3.38%. Affected by the high price fluctuation of raw materials, the phenomenon of pulp and paper price inversion exists, and the overall profitability needs to be improved.
Forecast for the future:
It is expected that the double-offset paper market will maintain a narrow range of fluctuations in the short term, and the demand lacks obvious benefits, and paper prices are difficult to rise sharply. It is recommended to pay attention to the changes in raw material prices and market supply and demand dynamics.
Other market dynamics
Pulp Market:
The performance of the international market was weak, the price of the external plate was flat, and the domestic pulp price declined. The pressure at both ends of supply and demand has formed a certain downward pressure on pulp prices.
In the domestic market, the price of hardwood pulp has declined significantly, some pulp mills have reduced production and stopped production, and weak demand has limited effect on price support.
Import and export:
Coated paper: the import volume in May was 22,253.331 tons, an increase of 45.77% year-on-year; The export volume was 164,772.426 tons, an increase of 17.34% year-on-year.
Double offset paper: the import volume in May was 18,606.432 tons, a year-on-year decrease of 3.63%; The export volume was 86,153.756 tons, a year-on-year decrease of 10.46%.
Core data
Coated paper market data
Price:
This week's (6.21-6.27) average price: 5725 yuan/ton
South China: 5500-5750 yuan/ton
East China: 5600-5800 yuan/ton
North China: 5750-5900 yuan/ton
Central China: 5700-5900 yuan/ton
Production and operating rate:
This week's output (6.21-6.27): 90,500 tons, an increase of 1.32% month-on-month
Operating Rate: 68.29%
Inventory:
This week's (6.21-6.27) inventory: 303,000 tons, down 2.1% month-on-month
Imports:
May imports: 22,253.331 tons
Average import price: 1155.6 US dollars / ton
Exports:
May export volume: 164,772.426 tons
Average export price: 860.77 US dollars / ton
Apparent Consumption:
Apparent consumption in May: 228,980.9 tons, down 10.53% month-on-month and 9.01% year-on-year
Offset paper market data
Price:
This week's (6.21-6.27) average price: 5628 yuan/ton
Mainstream paper enterprises: 5400-5800 yuan/ton
High-end paper grade: 6000-6400 yuan/ton
Small and medium-sized paper enterprises: 4900-5300 yuan/ton
Production and operating rate:
This week's output (6.21-6.27): 222,700 tons, an increase of 0.50% month-on-month
Operating Rate: 78.56%
Inventory:
This week's inventory (6.21-6.27): 524,500 tons, down 1.78% month-on-month
Imports:
May imports: 18,606.432 tons
Average import price: 876.96 US dollars / ton
Exports:
May export volume: 86153.756 tons
Average export price: 998.48 US dollars / ton
Apparent Consumption:
Apparent consumption in May: 787,752.68 tons, a decrease of 6.62% month-on-month and a year-on-year increase of 15.48%
Data source: General Administration of Customs/National Bureau of Statistics/BAIINFO/Baichuan Yingfu Big Data
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