China’s Machine-Made Paper and Paperboard Output Hits 43.923 Million Tons in Jan–Apr; Pulp Leads Price Gains, Adding Downstream Cost Pressure
On June 7, the Ministry of Industry and Information Technology reported that China’s cumulative output of machine-made paper and paperboard reached 43.923 million tons in January–April 2021, an increase of 22.5% year on year. April output alone was 11.355 million tons, up 6.2% year on year. In the same period, the national papermaking and paper products industry recorded operating revenue of RMB 464.43 billion, up 30.6% year on year, and total profit of RMB 33.61 billion, up 91.5% year on year.
By the end of April, there were 6,716 above-designated-size papermaking and paper products enterprises, nearly 200 more than a year earlier. The number of loss-making enterprises stood at 1,873, down 19.8% year on year and 350 fewer than the previous month.
According to National Bureau of Statistics data, in the producer ex-factory price index, pulp prices saw the largest increase compared with the same period in 2020, followed by papermaking and then paper products. Profits are therefore increasingly being captured upstream, while downstream operating costs have risen markedly and selling prices have not achieved year-on-year growth.
Source: China Packaging Network (pack.cn); original link: http://news.pack.cn/show-377548.html.
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