Packaging / Advertising & Office

From January to June 2022, the cumulative output of domestic machine-made paper and paperboard was 67.7239 million tons, with a year-on-year growth of 0.4%. In June, the output was 118.50 million tons, with a year-on-year decline of 1.50%. From January to June, the cumulative export volume of international trade increased by 64.1%.

From the perspective of import and export data, it is estimated that the overall operating rate of domestic paper enterprises is not high in the first half of the year. However, driven by RCEP, the export volume of domestic paper enterprises to Southeast Asia and other regions in international trade has increased, and the overall international trade export orders have maintained a relatively good trend. The domestic paper price was relatively stable, but there was some differentiation. The prices of cardboard, white cardboard, double offset paper and coated paper remained stable on a weekly basis, while the prices of corrugated paper and white cardboard fell 25/t and 100/t.

In terms of raw materials, the price of pulp continued to fluctuate at a high level. The price of domestic coniferous pulp fell slightly by 28.33/t on a weekly basis, while the price of broad leaf pulp rose slightly. The price of international coniferous pulp rose by $4/t, and the price of broad leaf pulp remained stable. The decline of domestic waste paper prices on a week on week basis expanded, with waste book paper falling nearly 50/ton and waste yellow paper falling 120/ton.

The disturbance of overseas supply side factors caused the pulp price to fluctuate at a high level, but the pulp price is expected to gradually return to a reasonable range in the second half of the year. The cost margin of pulp and paper products will gradually improve, and pulp and paper integrated international trade enterprises will have more cost advantages and profit toughness.