Import prices of recycled pulp will increase significantly in 2021
Not only did the price of household paper rise, it is understood that Nine Dragons Paper (02689), which ranks No. 1 in the packaging paper industry in China, launched three rounds of price increases in May. Within a week, the price of Nine Dragons Paper base paper averaged three times. Rise once a day. Along with the news of Nine Dragons base paper price increases, the cardboard market has also ushered in a new round of price increases, and many of them have already experienced the second round of increases.
In fact, the increase in pulp prices is closely related to the demand for pulp. In the first quarter of this year, Manzhouli Port imported 70,000 tons of pulp, a year-on-year increase of 37%; the value was 260 million yuan, a year-on-year increase of 42.1%.
Since 2003, China pulp imports have been ranked first in the world, and demand is increasing. Among them, wood pulp imports will reach 30.64 million tons in 2020, and imported wood pulp accounts for 72.8% of total wood pulp consumption. Not only that, the price of wood pulp has been rising all the way. Data shows that from July last year to March this year, the price of wood pulp rose on average by more than US$400/ton.
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