March culture printing paper or up

Source: Zhuo Chuang Information

Cultural paper market review

In the fourth quarter, the market for cultural printing papers showed a downward trend. The market price began to loosen in October, the price of the paper mill remained stable, the preferential policies were adjusted, and the focus of the transaction shifted downward. In terms of downstream demand, the demand of the publishing house is stable, the social demand is weak, and the enthusiasm of dealers and printing houses is low. In November, the market continued to fall, with a large space and a large range. The price of the paper mills went down, and the coated paper manufacturers stopped the insurance, but the effect was not satisfactory. In order to avoid risks, dealers promote sales, partially upside down, and maintain low inventory. After the market stabilized in the downturn in December, it stabilized. However, the demand situation has not changed significantly. The market trading is still weak, and the market waits and sees a strong atmosphere.

Upstream wood pulp market review

Comparison of wood pulp prices in the fourth quarter

In the fourth quarter, the price of raw wood pulp in the upstream market also showed a weak downward trend. In October, the price of wood pulp fell in a narrow range. Among them, the price of softwood fell by 50-200/ton, and the price of broadleaf pulp fell by 50-150/ton. In November, the downside of wood pulp prices increased, and long-term trading was light, triggering some industry panic, and the price of pulp was more chaotic. Among them, the price of softwood pulp fell by 200-700/ton, and the price of broadleaf pulp fell by 100-450/ton. In the first half of the machine, the price stabilized, and the price dropped by 50-100/ton at the end of the month. In December, the price of wood pulp stabilized and the dealers were willing to wait and see. In summary, the combination of wood pulp and cultural paper is strong.

The influencing factors and review of the later trend

Cost: The price of upstream raw wood pulp and waste paper tends to be stable, which provides a certain favorable support for the stabilization of cultural paper prices.

Supply: Although some paper mills have been shut down, production has decreased, but factory inventory is still at a high level.

Demand: At present, the publishers and printing houses are more cautious in purchasing off-season demand.

Expectations: The market has a strong wait-and-see atmosphere.

Summary: At present, dealers and printers are not motivated to stockpile, inventory is low, and the intention of the reserve before the Spring Festival is not strong. Therefore, it is expected that the demand for cultural printing paper before the festival will be difficult to boost. Before the Spring Festival, the cultural paper market will show a weak consolidation trend. After the Spring Festival, with the arrival of the peak season of the publishers in March, and the downstream customer inventory is at a low level, it is expected that the price of cultural printing paper will rise in March.

Editor in charge: Ge Hongyan

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