Source: China Paper Association Top head The international crude oil price is high, the RMB appreciation is warming up, the coal price is at the bottom, and the pulp futures continue to rise as the main feature of the macro-cost surface during the long-term period of the Spring Festival. Macroscopic aspect 1. The central bank decided to adjust the assessment criteria for inclusive financial services for small and micro enterprises. The single-family credit is less than 5 million and the single-person credit is less than 10 million. This will guide financial institutions to better meet the micro-enterprise loan demand. 2. According to the latest Spring Festival consumption released by the Ministry of Commerce, the national retail and catering enterprises achieved sales of about 105 billion, an increase of 8.5%. Just seven days of the Spring Festival consumer market, officially broke through the trillion mark, but the growth rate has slowed down. 3. National Development and Reform Commission: From February 4 to 10, a total of 421 million passengers were sent across the country, an increase of 0.35% over the same period last year. 4. A new round of high-level China-US trade measures will be held in Beijing on February 14-15. Paper palm 1. After the holiday, the paper market began to be active. On February 13, the price of waste paper continued to increase. Following the increase in the price of raw paper, the price of cardboard has also begun to increase, but the continuous implementation of new capacity will have a complex impact on the packaging paper market in 2019. The upward momentum remains to be seen. 2. The shutdown of Zhejiang Fuyang Paper Mill will enter the final stage of 2019, and it is expected that 115 paper companies will be shut down. 3. Inventory 2018 pulp price fluctuations, basically showing a pattern of high first and then low, the highest point is around 6200/ton in August, the lowest point is near 5200 at the end of the year, and the average annual price is 5700/ton. 4. From the comparison of the gross profit rate of the industry, the current packaging paper is still at a relatively high level of various paper types. The average gross profit margin of corrugated paper is about 18%, which is much higher than the gross profit margin of cultural paper and white cardboard. 5. After the Spring Festival, the cultural paper price was basically stable, the order performance was general, the transaction was not active, and the overall market balance pattern has not changed significantly. It is expected to be sideways for a while. Cost face Price post 20190214: After the Spring Festival, the overall paper market is basically stable. The original paper pulls the packaging paper with a slight upward momentum. The production links are starting to be started one after another. There is no big fluctuation in the cost. The price increase of the pre-holiday cultural paper and white cardboard will be implemented in the second half of the month. In some cases, whether the overall market in March can really improve and continue to push up the price is still difficult to predict accurately and needs to be observed. Editor in charge: Ge Hongyan This article is posted on this website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description. Article source address: http://
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