2020 Base Paper Price Plunge: One-Time Cut Reaches 650 Yuan/Tonne, Dongguan Jianhang Cumulative Drop Nears 1,000 Yuan/Tonne
- 2020 Base Paper Prices Post First Sharp Decline: A One-Time Cut of 650 Yuan/Tonne
Incomplete figures show that close to 30 paper mills cut prices on March 16, with corrugated paper accounting for most of the adjustments. Mills in Shandong Province led the reductions, generally cutting 400-650 yuan/tonne in a single move, while Dongguan mills that had been leading the downturn generally reduced prices by 100 yuan/tonne that day.
The sharp gap between East China and South China within one day stems mainly from the fact that Dongguan mills had already adjusted prices multiple times since March, whereas many East China mills, including some in Shandong, were cutting prices for the first time.
Among larger producers, Lee & Man Paper remained focused on price stability: Guangdong Lee & Man cut finished paper prices by 150 yuan/tonne on the 16th, and Chongqing Lee & Man Paper reduced prices by 30-100 yuan/tonne. By comparison, these moves are normal adjustments under prevailing market conditions.
The day’s price cuts, ranked from largest to smallest, are as follows: ↓↓↓
- Aggressive Cuts: Mills’ Cumulative Reductions in the First Half of March Approach 1,000 Yuan/Tonne
According to incomplete statistics from the Huayin editor, 18 paper mills recorded cumulative cuts of more than 500 yuan/tonne from March 1 to 16. Among them, ordinary corrugated paper from Dongguan Jianhang Paper fell by nearly 1,000 yuan/tonne cumulatively. See the table below for details:
The cumulative reductions, ranked from largest to smallest, are as follows: ↓↓↓
- Reference Quotes for Packaging Paper from Leading Mills Nine Dragons Paper and Lee & Man
Friendly note: because the market moves quickly, the prices above are for reference only; please refer to each manufacturer’s latest quote for actual prices.
—This article is republished from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-354828.html
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