Recently, CCTV Finance Channel reported on the market changes in the paper industry. According to the report, with the significant recovery of the paper industry market, the demand for paper packaging such as paper cups, paper lunch boxes, and paper bags has significantly increased, and related enterprises have begun to expand and increase production. Upstream raw paper products such as white cardboard, cultural paper, and double adhesive paper have also experienced strong production and sales, with some paper companies raising prices multiple times since the second half of the year.
On November 27th, the website of the National Bureau of Statistics released the profit situation of industrial enterprises above designated size nationwide from January to October 2023. From January to October, industrial enterprises above designated size in China achieved a total profit of 6115.42 billion yuan, a year-on-year decrease of 7.8%, which is 1.2 percentage points narrower than from January to September. From January to October, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 2031.06 billion yuan, a year-o
Top paper companies issue price increase letters again. Recently, Chenming Paper Industry announced a price increase of 200 yuan/ton for its cultural paper series products. Previously, Chenming Paper Industry raised prices for some cultural paper series products in late October, and this round of price increase is also considered by the industry to be a good response to the implementation of price increases for cultural paper products in the early stage. Fundamentally, high production costs and a decrease in product inventory are the main factors supporting the su
According to the latest data released by the Swedish Forestry Agency, softwood inventory in Sweden decreased by 26% to 2.1 million cubic meters in September, reaching the lowest level in a decade. At the same time, there is a shortage of softwood sawn timber in all timber harvesting areas. Unlike the inventory level of cork sawn timber, the inventory of pulpwood remains at last year's level. Among them, cork pulp, including spruce pulp, increased by 4%. And the inventory of hardwood pulp and wood also increased significantly by 40% year-on-year to 800000 cubic meters.
First in South China! Guangzhou Port Pulp Futures Delivery Warehouse Approved
On November 9th, a reporter from Guangzhou Daily · New Flower City learned from Guangzhou Port Group that Guangzhou Gangliangtong Company has successfully obtained the qualification of a designated delivery warehouse for pulp futures on the Shanghai Futures Exchange. The first batch of approved storage capacity of 15000 tons has been put into use, and it is operated by Guangzhou Gangliangtong Company in cooperation with Guangzhou Zhongwu Storage International Freight Forwarding Co., Ltd. This is the first pulp futures delivery warehouse in South China. According to the relevant
After the imposition of tariffs in October, some paper products in Russia have increased by 15%
After Russia began imposing export tariffs on pulp, paper, and cardboard on October 1, 2023, it triggered an increase in product prices in its domestic market. As of November 1st, for certain types of cardboard products, the price increase has reached 15%. Meanwhile, for wood chips and pulp products that produce paper products, prices remain stable. It is reported that the Russian government issued a decree on September 21, 2023, which stipulates flexible export tariffs on various commodities and pegs their ruble exchange rate. The export customs products on this list include pu
OEP has reached a final agreement to sell Walki to the Japanese Prince Group
On October 23rd, One Equity Partners (hereinafter referred to as "OEP") announced that they had reached a final agreement to sell Walki Holding Oy (hereinafter referred to as "Walki") to Japanese paper product technology company Prince Holdings Co., Ltd. (hereinafter referred to as "Prince Group"). Walki was founded in 1930 and headquartered in Espoo, Finland. It is a manufacturer of specialty packaging materials, providing consumer and industrial packaging for food and specialty consumer goods, as well as engineering materials such as insulation and flame retardant coatings, sustainabl
The prices of coniferous logs in some European countries have bottomed out
By September, some European countries had experienced price pressure caused by oversupply in the cork market. The cork markets in countries such as Germany, Russia, and Estonia have shown significant declines. Affected by the poor performance of the European construction industry and the lowest level of wooden furniture consumption in Europe since 2015, consumer confidence and spending have sharply declined. This also poses greater challenges to the European cork market. Taking Estonia as an example, in September, the price of pine logs decreased from 38.2 euros per cubic
The prices of coniferous logs in some European countries have bottomed out
By September, some European countries had experienced price pressure caused by oversupply in the cork market. The cork markets in countries such as Germany, Russia, and Estonia have shown significant declines. Affected by the poor performance of the European construction industry and the lowest level of wooden furniture consumption in Europe since 2015, consumer confidence and spending have sharply declined. This also poses greater challenges to the European cork market. Taking Estonia as an example, in September, the price of pine logs decreased from 38.2 euros per cubic
Under the impact of upstream raw paper price increases, a new wave of price increases in the paper packaging market has started. Since October 6th, a large number of secondary factories in multiple provinces and cities such as Hunan, Hubei, Yunnan, and Sichuan have increased the prices of cardboard and cardboard boxes by 3% -5%. At present, most domestic packaging companies have raised prices multiple times, but the cumulative increase is still generally less than the cumulative increase in raw paper. October is the first month of the fourth quarter, an important time node in th
On September 27th, the official website of the National Bureau of Statistics announced the profit situation of industrial enterprises above designated size nationwide from January to August 2023. Data shows that industrial enterprises above designated size nationwide achieved 4655.82 billion yuan, a year-on-year decrease of 11.7%, a decrease of 3.8 percentage points compared to January July. Among the 41 major industrial industries, the paper and paper products industry achieved a total profit of 15.17 billion yuan from January to August, a year-on-year decrease of 39.8%
With the arrival of the "Golden Nine Silver Ten" peak season, some paper companies have issued letters announcing an increase in paper prices. On September 18th, Sun Paper Industry announced that starting from September 18th, 2023, the purchase prices of its PM11, PM12, and PM40 machines will be uniformly increased by 300 yuan/ton based on the current execution price. Starting from October 1, 2023, the prices of all new orders will be uniformly increased by 200 yuan/ton based on the prices at the end of September. Not only that, many paper companies, including Wuz
As the Mid Autumn Festival and National Day approaches, the papermaking industry has shown signs of overall recovery in recent times. Major paper companies have issued price increase letters targeting multiple types of paper and expressed confidence in the upcoming demand rebound in October and even the entire fourth quarter. According to the latest research report of Guosheng Securities, the current price increase of pulp and paper series is gradually being implemented, and the scale of waste paper series paper mills is leading the rise, with prices steadily rising. The profit recovery
The existing production lines of the Kemi Integrated Chemical Plant of Finlin Group are about to shut down, preparing for the final production of the new project. This is the largest investment project in Finnish forestry history to date, including the expansion of the new Kemi Biological Products Factory and Kemi Paperboard Factory. The shutdown will begin on Sunday, September 10, 2023, with the goal of fully starting production at the new factory by September 20, 2023. The work carried out before the new factory is put into operation will ensure the smooth and safe launch of th
According to a research report released by Debang Securities, based on the deductive logic of the inventory cycle, it is estimated that the paper industry has entered the active destocking stage in December 2022, with each stage running for 10-14 months. It is expected that the paper industry will enter the passive destocking stage as early as the second half of the year, with the main characteristics being that raw material inventory remains stable or increases, and finished product inventory decreases; The prices of raw materials have decreased, while the prices of finished paper have remain
It will take some time for pulp prices to reverse
Since August, the pulp futures contract market has shown a "low-key" performance, with price fluctuations significantly narrowing. As the main contracts of pulp futures enter the period of shifting positions and months, whether the market will experience a resurgence of volatility has become a focus of market attention. In terms of supply, the current output of broadleaf pulp sample enterprises has slightly increased, and enterprises undergoing initial maintenance have gradually resumed production, leading to an increase in market supply. Considering that there are currently sufficient
The corrugated paper market in August has once again received a price increase notice! On August 14th, Shandong Fengyuan Zhongke Paper Co., Ltd. issued a price increase letter stating that due to the continuous increase in waste paper and various raw materials, the price of finished paper has fallen below cost. Starting from August 15th, the price of high-strength corrugated paper has increased by 50 yuan/ton. Shandong Fengyuan Zhongke Paper Co., Ltd. is a leading papermaking enterprise in Zaozhuang City, with an annual production capacity of approximately 400000 tons. As
Analysis of the Pulp and Paper Market (7.31-8.04)
Imported Wood Pulp Market: Futures market: This week, the futures market rose and fell, with financial factors being the main factor. This week, the Canadian port strike ended. In terms of external trading, Arauco in Chile reported an increase of $10/ton in both coniferous and broadleaf pulp in August, while the Canadian pulp lion brand's external trading increased by $20/ton compared to the previous round. Suzano announced an increase of $20/ton according to the wood pulp quotation in August, while Brazil's Brazilian port saw an increase of $20/ton compared to the previous round. Europ
Global Wood Price Trends in the Second Half of 2023
Since 2023, the global timber market has undergone many changes. Today, based on the situation of various markets in the first half of the year, let's briefly analyze the changes in global timber prices in the next six months. African wood After the entry into force of Appendix 2 of the latest CITES, as of April this year, the volume of timber exported from Africa to Vietnam has dropped to the l
Analysis of the Pulp and Paper Market (7.10-7.14)
Imported Wood Pulp Market: Futures market: This week, the futures market rose first and then fell, boosted by the impact of Canadian port strikes, some pulp mills reducing production, and the depreciation of the RMB exchange rate, boosting confidence in the pulp market; Arauco's July offer adjusted, with needle leaf pulp silver star retreating by $20 to $660 per ton, and broadleaf pulp star retreating by $20 to $515 per ton. This week, inventory in Hong Kong decreased by 3.57% month on month, showing a trend of destocking. The Canadian International Terminals and Warehouses Alli
Middle stream supply: stable output expansion of China's Pulp and paper industry According to statistical data from the China Paper Association, since 2014, China's paper and cardboard production has shown an overall upward trend of fluctuations, with growth rates remaining at a low level. In 2017, China's paper and paperboard production exceeded 11 million tons for the first time; In 2018, due to the decline in industry prosperity, the overall production de
Affected by the oversupply of pulp, pulp futures surged last year, but this year they have not been able to continue their upward trend. Since the beginning of 2023, pulp futures prices have been on a downward trend, with a decline of 22% in less than 6 months. On June 8th, the pulp futures 2309 contract hit a low of 4926 yuan/ton in the intraday trading, with a decrease of 0.79% on the same day and closing at 4998 yuan/ton. Meanwhile, due to the impact of p
The world's largest pulp mill announced a 4% reduction in commercial pulp production by 2023
Suzano, the world's largest pulp producer, stated on June 2nd that compared to its nominal and historical production capacity, it is expected that commercial pulp production will decrease by about 4% in 2023. Suzano stated that its decision to reduce production was made in response to the current complex pulp market, and continuing to adhere to the original production cannot bring sufficient returns to the company.
With the announcement of Victoria, Australia, that the original deadline for ending old-growth forest logging in 2030 will be advanced to January 1 next year, there has been controversy in Australia. The Australian Timber Industry Association warned that the premature prohibition of old-growth forest cutting would lead to a shortage of wood in Australia, especially hardwood. At present, there are two main schools in Australia regarding the end of old-growth
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