[ppzhan summary] International pulp prices continued to decline downward this week, a slight decline; some domestic pulp prices fell. Among the international pulp prices, prices have fallen slightly this week.
This week, the paper printing sector is behind the market. The sector's decline this week was 2.09%, behind the Shanghai and Shenzhen 300 Index (down 1.30% this week) by 0.79 percentage points. As the year is approaching, dealers and end users are more concerned about recycling liquidity, so product prices will remain sluggish in the short term. It is currently expected that the industry's low profit margins may appear at the end of the first quarter of next year and the beginning of the second quarter of the year, thus maintaining investment recommendations for the “low allocation†of the paper industry, and in view of the fact that most industries in the light industry are less affected by the economic downturn, and products The pricing power is strong, so the investment advice for the “overweight†of the light industry is given.
International pulp prices continued to decline downward this week, with a slight decline; some domestic pulp prices fell. Among the international pulp prices, prices have fallen slightly this week.
Recently, however, some wood pulp manufacturers have issued price increases notices in Europe and China, but it remains to be seen whether the price increase will be successful. In November, the global producers' wood pulp inventory days were 38 days, up 5 days from the same period of last year. High inventory may cause difficulties in price increases. The author maintains the previous view that the overseas pulp price is still in a downward trend, and the domestic pulp price has not yet dared to say that it will actually stabilize. At least the price will remain at the bottom in the short term.
International waste paper prices have stabilized. After the rapid and sharp correction of international waste paper prices, the US scrap price stabilized this week, because the supply of waste paper was affected by the overseas economic downturn, and there was little increase in supply, while the new capacity of domestic cardboard paper led to demand growth. Therefore, the author believes that there is limited room for price decline in the late stage of waste paper, and even stabilized and stopped falling.
Demand is sluggish, paper prices are on a downward trend, and the downward trend in prices is difficult to change in the short term. Double-adhesive paper prices have stabilized and declined this week, and the overall performance of the recent transactions is average. Although the new production projects have not reached production, the production capacity is gradually being released, and the price is not up enough in the later period; the white card paper market is not smooth, and the market price continues to decrease. On the manufacturer side, although some paper mills have reduced production in the early stage, the inventory is still high. The coated paper market is still weak, dealers are still mainly to reduce liquidity and reduce liquidity, and downstream procurement is not motivated, and the situation will continue.
This week, the paper printing sector is behind the market. The sector's decline this week was 2.09%, behind the Shanghai and Shenzhen 300 Index (down 1.30% this week) by 0.79 percentage points. As the year is approaching, dealers and end users are more concerned about recycling liquidity, so product prices will remain sluggish in the short term. It is currently expected that the industry's low profit margins may appear at the end of the first quarter of next year and the beginning of the second quarter of the year, thus maintaining investment recommendations for the “low allocation†of the paper industry, and in view of the fact that most industries in the light industry are less affected by the economic downturn, and products The pricing power is strong, so the investment advice for the “overweight†of the light industry is given.
International pulp prices continued to decline downward this week, with a slight decline; some domestic pulp prices fell. Among the international pulp prices, prices have fallen slightly this week.
Recently, however, some wood pulp manufacturers have issued price increases notices in Europe and China, but it remains to be seen whether the price increase will be successful. In November, the global producers' wood pulp inventory days were 38 days, up 5 days from the same period of last year. High inventory may cause difficulties in price increases. The author maintains the previous view that the overseas pulp price is still in a downward trend, and the domestic pulp price has not yet dared to say that it will actually stabilize. At least the price will remain at the bottom in the short term.
International waste paper prices have stabilized. After the rapid and sharp correction of international waste paper prices, the US scrap price stabilized this week, because the supply of waste paper was affected by the overseas economic downturn, and there was little increase in supply, while the new capacity of domestic cardboard paper led to demand growth. Therefore, the author believes that there is limited room for price decline in the late stage of waste paper, and even stabilized and stopped falling.
Demand is sluggish, paper prices are on a downward trend, and the downward trend in prices is difficult to change in the short term. Double-adhesive paper prices have stabilized and declined this week, and the overall performance of the recent transactions is average. Although the new production projects have not reached production, the production capacity is gradually being released, and the price is not up enough in the later period; the white card paper market is not smooth, and the market price continues to decrease. On the manufacturer side, although some paper mills have reduced production in the early stage, the inventory is still high. The coated paper market is still weak, dealers are still mainly to reduce liquidity and reduce liquidity, and downstream procurement is not motivated, and the situation will continue.
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