Shanying International April Operating Update: Paper Volume Up 61.13% YoY, Paper Prices Down 6.44% MoM
On May 7, 2021, Shanying International released a public filing containing its April 2021 operating data flash report.
The filing put April domestic paper sales at 507,800 tonnes, a 61.13% year-on-year gain, with an average selling price of RMB 3,850.42 per tonne, up 20.85% year on year. Packaging sales reached 162 million square metres in April, 42.75% higher than a year earlier, at an average selling price of RMB 3.50 per square metre, up 4.92% year on year.
Over the first four months, paper and packaging volumes both expanded at a rapid clip, with year-on-year growth rates above 50%. On the pricing side, paper saw a far steeper increase than packaging. That said, packaging prices started to ease in February, and the domestic paper segment's average selling price declined 6.44% month on month in April.
Segments: Domestic paper; Packaging
Note 1: April 2021's year-on-year rise in domestic paper and packaging sales reflected a low prior-year base caused by the pandemic, alongside the company's expanded capacity, stronger product market share and improving overall industry competitiveness. Note 2: The figures above cover all major segments on a full-caliber basis and have not undergone consolidation elimination or audit.
△ Shanying International domestic paper segment: January-April output and average selling price
△ Shanying International packaging segment: January-April output and average selling price
National Bureau of Statistics data on price changes for important means of production in the circulation sector showed that high-strength corrugated paper prices dropped five times in a row from early March to late April. The direction and extent of that decline broadly aligned with Shanying International's performance.
△ National average price of high-strength corrugated paper, early March to late April
——Republished from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-377336.html
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