玖龙瓦楞纸, boxboard paper prices are lowered by 200-300 yuan / ton, paper prices are weak
Now in November, the PM27/31 paper machine for the production of recycled paper by Tianjin Xiaolong will also be down for 3 days from November 1st to 3rd. At the same time, Tianjin Xiaolong released important news, the paper price was lowered by 200-300 yuan / ton, involving cattle paper, corrugated paper, white paper and other paper types. At present, the price of cattle cardboard and corrugated paper is as follows:
Cattle Card: Tianjin Nine Dragons Paper Cattle Card is lowered by RMB 300/ton on the 29th.
Cattle cardboard: Dongguan Nine Dragons paper cattle paper price cut 100-150 yuan / ton.
Corrugated paper: The price of corrugated paper from Tianjin Nine Dragons Paper is lowered by RMB 300/ton.
Corrugated paper: Dongguan Nine Dragons Paper High-strength playing paper cut 200 yuan / ton.
Looking at the callback of the price of this wave of raw paper, it can be said that it is a helpless move of the dragon to retreat, and it is also the general trend of many unfavorable factors. The most notable one is the demand factor. The “Double Eleven†is coming soon, but the demand has not seen a significant increase. This year’s performance has fallen sharply.
The market is not as good as the past, securities institutions said that paper prices are weak
Relevant statistics show that in the first half of 2016 and 2017, the revenue of papermaking owners' business increased by 7% and 14% respectively, and the total profit increased by 16% and 41% respectively. The industry's prosperity has rebounded significantly. However, in 2018, the situation is very different, and major securities institutions have indicated that paper prices are weak:
Shanxi Securities: Demand for papermaking downstream slows
In the third quarter, demand growth in the papermaking downstream industry slowed down, and the prices of cultural paper and packaging papers rebounded. The peak season price in September was less than last year, and the trend was relatively weak. The paper industry's revenue and profit growth rate all declined. In addition, due to the high price of paper, the cost pressure of paper packaging enterprises has declined.
GF Securities: Paper prices are weak
Affected by supply-side reforms and environmentally-friendly factors, paper prices have continued to rise since the end of 2016. Imports of waste paper imports and control and international wood pulp prices have led to high paper prices, but since the second half of this year, due to the downstream demand peak season Wang, after short-term replenishment of stocks, the market fell into a wait-and-see period, paper prices rose weakly, paper mills stopped repairing more, paper companies' profits remained high, and the prosperity of the papers declined slightly due to downstream demand. The overall supply and demand of cultural papers was better than that of packaging papers. industry.
CICC: Focus on paper companies with heavy volume plans
The paper industry has a cost-plus attribute. When the cost rises, the paper mill can transfer the cost pressure by raising the price, and thereby increase the profit per ton. Pulp (wood pulp + non-wood pulp) and waste paper are the main raw materials for papermaking. It is expected that the pulp price center will be stable in the next two years. The price of domestic waste paper will be stable and upward, and paper mills will have the opportunity to benefit from it, but the cost transfer ability of cultural paper enterprises The opportunity will be stronger than the packaging paper enterprise. In the long run, industry concentration will continue to increase, and paper companies with heavy volume plans will grow more.
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