Since July, after the small paper mills announced their shutdowns one after another, the original waste paper supply and demand balance has been broken, the demand for waste paper has plummeted, and the hemp box price has also declined.
Originally thought that there would be signs of bottoming out for waste paper, but it turned out to be the super-long shutdown schedule for August issued by major manufacturers such as Nine Dragons, Lee & Man, Shanying, Jinzhou, etc., which once again set off a wave of waste paper price cuts. Like an air crash, the decline of waste paper further expanded. The single decline was as high as 100-150 yuan / ton. It broke through the 2,000 yuan mark in a free fall. Pessimism shrouded the entire packaging industry.
Paper prices fell, inventories reached a two-year high, and many packaging paper companies “stopped” at the right time
According to Securities Daily, the price of packaging paper (corrugated paper, boxboard, etc.) has been “falling endlessly”. At the same time, due to sluggish demand, the inventory of finished paper has continued to rise. They can be used to make cannabis box/cigarette box/pre-roll box/joint box/CBD box/flower CBD box.Reasonably adjust inventory and wait for the arrival of the traditional peak season.
Entering August, with the successive shutdowns of large-scale paper mills, the pressure on the cigarette box supply side has eased, which will help digest the current high inventory. At the same time, there was a lot of demand for cigarette box at the beginning of the month.
With the shutdown of large-scale paper factories to insure the price, it will benefit the cigarette box to a certain extent and improve the hemp box bullish market atmosphere. It is expected that the hemp box shipment situation will improve in the near future, and the market will run smoothly.
Post time: Sep-11-2022
