Papermaking industry: the performance of packaging paper industry is recovering

Wood pulp system: low price shock finishing

Raw material wood pulp: pulp price narrow range shock finishing. This week, the import wood pulp spot market narrow range shock finishing, transaction partial rigid demand. This week, the average price of domestic wood pulp was 3580 yuan / ton, which was 7.47% lower than last week. The average price of wood pulp from the beginning of the year to date was 4010 yuan / ton, down 23.0% year-on-year. The spot price of Yinxing in Shandong was 4325 yuan / ton, down 0.2% from last week; the spot price of parrot in Shandong was 3500 yuan / T, which was the same as last week. This week, the average price of the main contract of pulp futures was 4410 yuan / ton, up 0.3% compared with last week, and the average price from the beginning of the year to date was 4516 yuan / ton, down 13.0% year-on-year. Foreign wood pulp, bird CFR spot price 470 US dollars / ton, flat last week; Silver Star CFR spot price 570 US dollars / ton, flat last week.

Cultural paper: price rises. In the first ten days of July, the paper mill actively implemented the price increase, and the dealers followed the market, so the market price was likely to rise in a narrow range. The upstream pulp has limited support for the cost, and double offset paper is expected to rise slightly in July; in the first ten days of July, the coated paper manufacturers actively implemented the price increase letter, and the transaction center shifted slightly, with dealers mainly waiting and waiting. However, July is the traditional off-season, the terminal demand is general, and the upstream pulp price is under pressure, and the cost support is limited. It is expected that the coated paper market price will fluctuate in July, narrow and small rise. This week, the average price of double adhesive tape is 5412 yuan / ton, which is 0.45% higher than last week. The average price from the beginning of the year to the present is 6013 yuan / ton, a year-on-year decrease of 1.86%; according to our calculation, the gross profit of this week's adhesive tape per ton is about 621 yuan, up 4.7% compared with last week. This week, the average price of double copper paper is 5190 yuan / ton, up 0.39% compared with last week, and 5800 yuan / ton from the beginning of the year, up 1.9% year-on-year; according to our calculation, the gross profit per ton of double copper paper is about 405 yuan, up 6.6% compared with last week.

White cardboard: the gross profit per ton is rising, and the medium and long-term market is better. The paper mill transfers production capacity to white card instead of white board. The supply side of social card is expected to decrease, the stock of paper mill decreases, and the enthusiasm of raising is high; the price of large-scale paper mill increases, the profit of dealers is under pressure, and the small range of increase is followed up, but the intention of receiving goods at the terminal is not high, and the actual order is partially implemented; the industry concentration is likely to be further improved, and the paper mill's confidence in raising the price is increased. This week, the average price of paperboard is 5560 yuan / ton, which is 3.73% higher than that of last week. The average price from the beginning of the year to the present is 5809 yuan / ton, up 11.6% year-on-year. According to our calculation, the gross profit per ton of white cardboard this week is about 1008 yuan, up 23.58% compared with the previous week.

Household paper: the price is basically stable. This week, the average price of tissue paper was 6100 yuan / ton, which was the same as last week. The average price of paper from the beginning of the year to the present was 6462 yuan / ton, down 17.0% year-on-year. This week, the gross profit per ton of household paper was about 521 yuan, up 0.6% from last week.

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