Insufficient orders for cigarette packs, downtime to make up
Since 2023, the packaging paper cigarette box market has been in constant decline, and the price of corrugated cardboard cigarette boxhas continued to decline. According to the monitoring data of Zhuo Chuang Information, as of March 8, the market price of AA grade corrugated paper cigarette box in China was 3084 yuan/ton, which was 175 yuan/ton lower than the price at the end of 2022, a year-on-year decrease of 18.24%, which was the lowest price in the past five years.
“The price trend of corrugated paper cigarette box this year is indeed different from previous years.” Xu Ling, an analyst at Zhuo Chuang Information, said that from the perspective of the price trend of corrugated paper cigarette box from 2018 to early March 2023, except for the price of corrugated paper in 2022 under the slow recovery of demand, the price After a small rise, the price of corrugated paper cigarette box fluctuated downwards. In other years, from January to early March, especially after the Spring Festival, the price of corrugated paper cigarette box showed a steady upward trend.
“Generally after the Spring Festival, most paper mills have a price increase plan. On the one hand, it is to boost market confidence. On the other hand, the relationship between supply and demand has improved slightly after the Spring Festival.” Xu Ling introduced, and because there is also a process of logistics recovery after the festival, raw materials waste There is often a short-term shortage of paper, and the cost will increase, which will also provide some support for the price of corrugated paper.
However, since the beginning of this year, major enterprises in the industry have experienced a relatively rare situation of cutting prices and reducing production. For the reasons, the industry insiders and analysts interviewed by the reporter probably summed up three points.candle box
The first is the adjustment of the tariff policy on imported paper cigarette box. From January 1, 2023, the state will implement zero tariffs on recycled containerboard and corrugated base paper cigarette box. Affected by this, the enthusiasm for domestic imports has increased. “The previous negative impact still stays on the policy side. Starting from late February, this year’s new orders of imported corrugated paper cigarette box will gradually arrive in Hong Kong, and the game between domestic base paper cigarette box and imported paper cigarette box will become more and more obvious.” Xu Ling said that the impact of the previous policy side has gradually shifted to Fundamentally.paper gift packaging
The second is the slow recovery of demand. On this point, it actually differs from the feelings of many people. Mr. Feng, the person in charge of a packaging paper cigarette box in Jinan City, told the Securities Daily reporter, “Although it is obvious that the market is full of fireworks after the Spring Festival, judging from the stocking and order situation of downstream packaging cigarette box factories, the recovery of demand has not reached the peak. Expected.” Mr Feng said. Xu Ling also said that although terminal consumption is gradually recovering after the festival, the overall recovery speed is relatively slow, and there are slight differences in regional recovery.
The third reason is that the price of waste paper continues to decline, and the support from the cost side has weakened. The person in charge of a waste paper recycling and packaging station in Shandong told reporters that the recycling price of waste paper has been falling slightly recently. ), but in desperation, the packaging cigarette box station can only significantly lower the recycling price.” The person in charge said.
According to the monitoring data of Zhuo Chuang Information, as of March 8, the average price of the national waste yellow cardboard market was 1,576 yuan/ton, which was 343 yuan/ton lower than the price at the end of 2022, a year-on-year decrease of 29%, which was also the lowest in the past five years. The price is new low.
Post time: Mar-21-2023