Packaging / Advertising & Office

According to the observation report of Huacheng Import and Export Data, the weather in the northern region gradually warmed at the end of February and the beginning of March, while the waste paper market also showed a touch of green, but the green was somewhat cool. The waste paper experienced a slight rebound soon after, ushered in the "late spring cold".

1、 Market review

Since the beginning of the year, the waste paper market has been in constant turbulence and has shown a downward trend of shock. During the period, around the Lantern Festival, due to the fact that paper enterprises are facing large-scale construction, raw materials and waste paper are in short supply. At this time, the packaging station enters the market late, and the market supply liquidity is not high. Therefore, paper enterprises have to raise their prices to absorb goods, and waste paper ushers in a small upward trend. At this stage, with the paper enterprises raising their prices to absorb goods in the early stage, the packaging station selects a high delivery rate, and the arrival volume of waste paper increases, while the paper enterprises' purchasing demand decreases, and waste paper enters the downward range, Under the fear of falling, some packaging station operators accelerated the delivery speed again, and the price of waste paper entered a sharp decline mode. The market was "green", Huacheng Import and Export Data Observation reported.

2、 Raw material inventory of paper enterprises

The average number of days of waste paper inventory of paper enterprises in this cycle was 10.7 days, with a month-on-month ratio of - 2.0%. It was slightly lower than last week. The main reason is that the paper enterprises in some regions started construction this week, and the consumption of raw materials was large, while the market arrival volume was gradually rising, but still could not meet the daily demand of the paper enterprises, so the days of waste paper inventory of the paper enterprises this week decreased slightly compared with last week. At present, the sample inventory is at the medium-high level since 2022,+52% from the lowest point in the year and - 18% from the highest point in the year. Huacheng Import and Export Data Observation Report.

3、 Aftermarket influencing factors

First, the price of downstream finished paper. Stimulated by the import tariff policy, the price of domestic finished paper may have room to decline. In the early stage, the imported finished paper hit the domestic base paper market in terms of quality and price. Paper companies may first reduce the purchase price of waste paper, and then control the cost of base paper. Huacheng Import and Export Data Observation Report.

Second, the level of domestic waste paper supply. In the post-epidemic era, domestic demand is slowly increasing. Although the overall situation is still tense, we believe that with the gradual recovery of the economy, the supply may increase slightly. Huacheng Import and Export Data Observation Report.