The hottest paper price rose by up to 200 yuan ton

2022-08-12
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The maximum increase of paper price is 200 yuan/ton! In early July, the rebound may open the price rise market, and the paper industry is facing a reshuffle

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core tip: in the stage where the demand for paper products has not been significantly released, environmental protection supervision has brought reorganization opportunities to the paper industry, and cost pressure has put small enterprises at a competitive disadvantage. Matthew effect may appear. (Note: mattheweffect refers to the phenomenon that the stronger the strong, the weaker the weak.)

[China Packaging News] at the stage when the demand for paper products has not been significantly released, environmental protection supervision has brought opportunities for restructuring to the paper industry, and cost pressure has put small enterprises at a competitive disadvantage, and the Matthew effect may appear. (Note: mattheweffect refers to the phenomenon that the stronger the strong, the weaker the weak.)

first, the paper industry staged the Matthew effect that the stronger the stronger

in the first quarter, the inventory turnover rate of Listed Companies in the paper and paper products industry reached the highest level in the same period of five years, while the increase in the supply and demand gap of carton board and corrugated base paper in the domestic market provided new opportunities for the expansion of production capacity of the paper industry

affected by the policy, the import threshold of waste paper has been raised, putting pressure on the production costs of paper enterprises. While the domestic waste paper price has rapidly recovered, the market situation of corrugated paper and box board paper has risen as a whole, and the price raising strategy of paper enterprises has been implemented one after another

after experiencing the stage of demand pulling and environmental protection and capacity reduction, the capacity expansion speed of the paper industry has slowed down. As environmental protection becomes stricter and backward production capacity is cleared, leading enterprises have the advantages of cost and scale. Without significant expansion on the demand side, leading enterprises are expected to quickly grab market share and perform the Matthew effect of the stronger

second, the output of corrugated paper and box board paper has not met the demand, and leading enterprises have arranged new production capacity

in recent years, the supply and demand of the paper industry has increased steadily, creating a mild production and marketing environment

according to the 2017 annual report of China's paper industry, there were about 2800 paper and paperboard production enterprises in 2017. The national paper and paperboard production was 111.3 million tons, an increase of 2.53% over the previous year, and the consumption was 108.97 million tons, an increase of 4.59% over the previous year

in terms of categories, the order of production is carton board, corrugated base paper, uncoated printing and writing paper, white board, household paper, coated printing paper and packaging paper

by comparing the production and consumption of various varieties, it can be seen that the production of carton board and corrugated base paper by domestic enterprises has not fully met the demand

in 2017, the national carton board production was 23.85 million tons, an increase of 3.47% over the previous year, and the consumption was 25.1 million tons, an increase of 6.18% over the previous year; The production of corrugated base paper was 23.35 million tons, an increase of 2.86% over the previous year, and the consumption was 23.96 million tons, an increase of 5.50% over the previous year

in, the annual average growth rate of the national carton board production was 5.06%, and the annual average growth rate of consumption was 5.09%; The average annual growth rate of corrugated base paper production is 4.89%, and the average annual growth rate of consumption is 4.94%

the expansion of the supply gap of the two main products is a good opportunity for relevant enterprises. Financial indicators for the first quarter showed that the fundamentals of Listed Companies in the papermaking and paper products industry were stable, and the inventory turnover rate of each company increased slightly compared with the same period last year, at a high level in the past five years

the gross profit margin of Chenming Paper in the first quarter increased by 3.3 percentage points year-on-year, and the ratio of net income from operating activities to total profits exceeded 90%

Founder Securities believes that the magnesite and paper production line reconstruction project of Chenming paper industry has released production capacity in the first quarter, and it is expected that the annual production capacity of 300000 tons of coniferous pulp, 400000 tons of chemical wood pulp and 510000 tons of high-grade cultural paper projects will be gradually put into operation within the year, thereby boosting performance

according to public information, Chenming paper has established production bases in Shandong, Guangdong, Hubei, Jiangxi, Jilin and other places, with an annual pulp and paper production capacity of more than 10 million tons. With the implementation of new wood pulp production capacity, the company's self-sufficiency rate of wood pulp is expected to further improve

in addition, Shouguang Meilun 400000 tons of chemical pulp project, 510000 tons of high-grade cultural paper project and Huanggang Chenming 300000 tons of wood pulp project are progressing steadily as planned. After the project is put into operation, it will play an important role in strengthening the development momentum of the enterprise and promoting the realization of the strategic objectives of the enterprise

the gross profit margin of sun paper in the first quarter increased by 4 percentage points year-on-year, the proportion of sales expenses, financial expenses and management expenses in operating revenue decreased, and the quality of revenue improved steadily

sun paper said in its 2017 annual report that the company's three major construction projects include the 200000 tons of high-grade special paper project in the company's headquarters, the 300000 tons of chemical pulp project in Laos, and the 800000 tons of high-grade paperboard reconstruction and supporting engineering project in Zoucheng. During 2017, the company steadily promoted according to the project plan, and the company launched the 300000 tons of chemical pulp supporting project in Laos in early 2018. After the above-mentioned projects were put into operation in 2018, the company's paper The annual production capacity of pulp will reach 6.02 million tons, including 2.1 million tons of cultural paper (including coated paper and uncoated cultural paper), 1.6 million tons of kraft liner paper, 120000 tons of household paper, 300000 tons of coated base paper, 100000 tons of electrostatic copying paper, 100000 tons of industrial base paper, 500000 tons of dissolved pulp, 700000 tons of chemical and mechanical pulp, 500000 tons of chemical pulp, etc

Huachuang Securities pointed out in its research report that in the first quarter, the 200000 ton high-end special paper project of sun paper is expected to be put into operation, and after it is put into operation, it is expected to achieve an annual sales revenue of 1.3 billion yuan and a total profit of 140million yuan; In the second quarter, the Laos chemical pulp project is expected to be put into operation; In the third quarter, the high-end paperboard reconstruction and supporting projects with an annual output of 800000 tons are expected to be put into operation. After being put into operation, it is expected to achieve an annual sales revenue of 2.9 billion yuan and a total profit of 300million yuan

it is noteworthy that sun biomaterials (USA), a wholly-owned overseas subsidiary of sun paper, has been established for more than one year. The company said that this subsidiary is responsible for the operation of the 700000 ton biological refining project in Arkansas, the United States, and will carefully determine the implementation time and product planning of the project according to the project approval progress and market demand, It is expected that after the completion of the project, it will become an efficient and green wood pulp or paper product production line in the pulp and paper industry in North America. The company aims to strengthen the control of raw materials and strive to break the barriers between paper products with the help of projects in Laos and the United States to establish an integrated system of afforestation, pulp and paper

Shanying paper's operating revenue in the first quarter increased by 60.6% year-on-year, and the net profit attributable to shareholders of listed companies increased by 13.72%, which is inseparable from the company's business expansion strategy in recent years. The company acquired 100% equity of Liansheng paper in early 2018, and the annual capacity scale of Liansheng paper will reach 1.05 million tons after the completion of technical transformation. Therefore, the annual capacity scale of Shanying paper's paper business is expected to increase from 3.58 million tons in 2017 to nearly 5 million tons

through new production capacity and industry mergers and acquisitions, Shanying currently has five paper-making bases at home and abroad. Packaging paper production bases are distributed in Ma'anshan, Anhui, Haiyan, Jiaxing, Zhejiang, Jingzhou Public Security Bureau, Hubei and Zhangzhou, Fujian, as well as Nordic paper, a special paper production base in Sweden and Norway

Shanying paper's public issuance of convertible bonds is pending approval by the China Securities Regulatory Commission. The proposed projects include the 1.32 billion yuan annual production of 2.2 million tons of high-end packaging paperboard project (phase III) and the 1.82 billion yuan public security county yangjiachang Town Industrial Park cogeneration project. The comprehensive layout of Shanying paper in terms of new production capacity can be seen

III. The price increase market started, and may rebound in July

the general office of the State Council issued the implementation plan for prohibiting the entry of foreign garbage and promoting the reform of the solid waste import management system in July 2017, and the regulations on the environmental protection and management of imported waste paper (hereinafter referred to as the "Regulations") was issued in December 2017

the regulations put forward that in addition to meeting the requirements of the regulations on the environmental protection and management of imported solid wastes that can be used as raw materials, enterprises importing waste paper should also meet a series of conditions, such as pulping, papermaking and other production and processing equipment, with a production capacity of not less than 50000 tons/year, and have the ability to adapt to the processing benefits. 1. Cause analysis: check the limit: the snow-white limit rod in front of the left side of the electronic universal experimental machine

data show that in 2017, the production of Nine Dragons Paper () was about 13 million tons, Liwen paper was about 5.52 million tons, Shanying paper was 3.58 million tons, Chenming paper was 5.1 million tons, sun paper was 3.65 million tons, and Jingxing paper was 1.39 million tons; The annual output of the whole industry is 111.3 million tons, and there are about 2800 paper and paperboard production enterprises in China

if the above-mentioned leading enterprises are deducted from the total output, the average annual production of other enterprises is only 28000 tons, that is to say, a considerable number of paper-making enterprises do not meet the red line of annual production capacity of 50000 tons and cannot be allowed to import waste paper

on March 1st, 2018, after a series of adjustments and revisions, the environmental protection and control standard for imported solid waste that can be used as raw materials was officially implemented. The solid foundation project listed in the catalogue that can be used as raw materials broke through the technical difficulties of identifying recycled plastics by near-infrared technology, and the number of solid wastes was reduced from 66 in 7 categories to 18 in 2 categories, and the control index of entrainment was further tightened

the narrowing of waste paper import channels has put pressure on the production costs of paper enterprises, the domestic waste paper price has rapidly recovered, and the overall market of corrugated paper and carton board has risen

according to statistics, at present, paper prices in Shandong, Guangdong, Fujian, Hubei and other regions have risen slightly, with an increase of yuan/ton, and the paper industry has quietly started to raise prices

according to the market price of important means of production in the circulation field released by the National Bureau of statistics, the price of corrugated paper was 4781.7 yuan/ton on June 20, which was higher than that at the beginning of the year, but it was still far from the highest price of 5730 yuan/ton in 2017; Pulp has continued to decline since the highest price of 6808.8 yuan/ton in 2017. The current price is 6092 yuan/ton, slightly lower than the initial value of the year

wind financial terminal data shows that the domestic market price of box board paper has fluctuated upward since the beginning of the year. As of June 22, the weekly average price in North China rose from 4648 yuan/ton at the beginning of the year to 5140 yuan/ton, in East China from 4673 yuan/ton to 5426 yuan/ton, and in South China from 4575 yuan/ton to 5421 yuan/ton

in June, many paper enterprises announced their downtime one after another. From June 17 to June 21, Bohui paper (), Chenming Paper and Wanguo paper Taiyang white cardboard Co., Ltd. all issued shutdown letters, announcing the shutdown of white cardboard for 7 to 10 days. After the shutdown, the three paper companies announced an increase of 300 yuan/ton in the price of coated paper and white cardboard

Dongguan Jinzhou Paper Co., Ltd. will be shut down for maintenance for 10 days from June 2, Dongguan Jianhui Paper Co., Ltd. will be shut down for maintenance from June 6 to 15, Guangdong Liwen Paper Co., Ltd. will be shut down for 7 to 15 days from June 5, Nine Dragons Paper (Dongguan) Co., Ltd. will be shut down for maintenance of some machines from June 5 to June 10, and Chenming Paper announced that the coated paper factory will be shut down from June 13 to the end of the month, Huatai Paper was shut down for 10 days from June 6 to June 15

according to the analysis of Southwest Securities, the waste paper price rebounded and fluctuated at a high level in June after falling at the end of May. At the current time point, papermaking has not yet ushered in the peak stock season, the demand for waste paper is relatively weak, the inventory of paper enterprises' products has increased, and the paper price is mainly stable at the high level, and the rebound may occur in early July; In June, the demand for wood pulp was still in the off-season, and the support of demand for prices was weak. The strike in Brazil ended, and pulp mills gradually resumed production. This shutdown may affect the output of more than 100000 tons, so the outer market of broad-leaved pulp rose in June and July; However, in the spot market, due to the sufficient inventory of raw materials in downstream paper mills in the early stage, and the rising inventory of finished paper in paper mills, the procurement of raw materials in paper mills was delayed

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