This week, the paper sector performed better than the market. This week, due to price rumors, low valuations and some theme stocks, the papermaking sector overall rose 2.99% (key companies rose 2.41%), stronger than the market (the same period, the Shanghai and Shenzhen 300 rose 0.50%).
After 2 knots, demand fell, and paper prices were basically stable. Coated paper prices were stable this week. After the holiday, the demand was lighter than before the holiday, and the price of the paper mill and the terminal transaction price were temporarily stable. The price of double-adhesive paper remained stable this week. Demand has not recovered, dealers have shipped slowly, and prices have remained at an early stage. The price increase of gray-based whiteboard paper has not been implemented yet. The factory price of Dongguan Xiaolong increased by 100 yuan/ton, and most dealers followed suit. Demand in the East China region was weak after the holiday, and individual paper mills lowered the ex-factory price slightly. White cardboard prices have stabilized this week. The paper mill has not yet notified the price adjustment, the market demand is light, and the paper price is mainly stable. Shandong Wanguo Sun New Paper Machine has tested the machine paper and entered Shandong, Fujian and Zhejiang.
The price increase of cardboard paper and corrugated paper has not yet been implemented. Downstream demand has dropped significantly compared to the pre-holiday. Some paper mills in Central China and North China have high stocks and the transaction price has fallen. In East China, due to the rapid shipment of paper mills before the holiday, the current inventory pressure is still acceptable, and the transaction price is temporarily stable. In South China, the paper mills shipped smoothly, and the price of Dongguan Xiaolong cardboard and corrugated paper was 50 yuan/ton.
3 International pulp prices rose, domestic broadleaf pulp rose, and US waste ONP and OCC prices rose. After the festival, the spot transaction of coniferous pulp was general and the price was temporarily stabilized; in the near future, the coniferous pulp was concentrated in the arrival of goods, which brought downward pressure on the price, and there will be a problem of returning dealer funds near the end of the year. The price of foreign broadleaf pulp mills rose, and the domestic spot supply was tight, and the price rose slightly. However, the downstream paper mills started to work unsatisfactoryly, and there were more purchases at the low price in the early period, and there was some pressure on the increase in the price of broadleaf pulp. The US external disk price rose, coupled with the domestic spot market supply is small, the price rose.
4 Pay attention to the “Foreign Achievements of the Paper Industry Light Industry Sector 2012 Quarterly Report and the Industry View of Octoberâ€. Papermaking: It is expected that the third quarterly report of industrial bulk paper will still fall sharply year-on-year. Domestic paper and cigarette paper rely on downstream stability to achieve steady growth. In the third quarter, the main business was down by a small profit, mainly relying on non-recurring profit and loss to contribute to the performance. Different from large-scale industrial paper, household paper and cigarette paper enterprises with relatively stable demand are unique, and the performance of the three quarterly reports has shown steady growth. Packaging: Q3 revenue growth is gradually recovering, and earnings still reflect reverse cyclicality. Q3 With the recovery of orders from the downstream tobacco and food industries, the revenue growth rate of the packaging industry generally rebounded. In addition to the use of low-priced raw materials in the previous period, the gross profit margin continued to be high, and earnings still reflected reverse cyclicality.
Light industry: 1) Domestic consumption: subject to the high base, there is still no obvious improvement in the third quarter; gold and silver jewellery is driven by the rise in gold prices, and it is expected that the volume and price will rise and the gross profit margin will rise. The improvement of Q4 earnings is worth looking forward to.
2) Domestic sales of furniture: Close to the decoration season, the growth rate of domestic sales is expected to rebound significantly. 3) Export: subject to cost pressure, earnings are hard to see.
After 2 knots, demand fell, and paper prices were basically stable. Coated paper prices were stable this week. After the holiday, the demand was lighter than before the holiday, and the price of the paper mill and the terminal transaction price were temporarily stable. The price of double-adhesive paper remained stable this week. Demand has not recovered, dealers have shipped slowly, and prices have remained at an early stage. The price increase of gray-based whiteboard paper has not been implemented yet. The factory price of Dongguan Xiaolong increased by 100 yuan/ton, and most dealers followed suit. Demand in the East China region was weak after the holiday, and individual paper mills lowered the ex-factory price slightly. White cardboard prices have stabilized this week. The paper mill has not yet notified the price adjustment, the market demand is light, and the paper price is mainly stable. Shandong Wanguo Sun New Paper Machine has tested the machine paper and entered Shandong, Fujian and Zhejiang.
The price increase of cardboard paper and corrugated paper has not yet been implemented. Downstream demand has dropped significantly compared to the pre-holiday. Some paper mills in Central China and North China have high stocks and the transaction price has fallen. In East China, due to the rapid shipment of paper mills before the holiday, the current inventory pressure is still acceptable, and the transaction price is temporarily stable. In South China, the paper mills shipped smoothly, and the price of Dongguan Xiaolong cardboard and corrugated paper was 50 yuan/ton.
3 International pulp prices rose, domestic broadleaf pulp rose, and US waste ONP and OCC prices rose. After the festival, the spot transaction of coniferous pulp was general and the price was temporarily stabilized; in the near future, the coniferous pulp was concentrated in the arrival of goods, which brought downward pressure on the price, and there will be a problem of returning dealer funds near the end of the year. The price of foreign broadleaf pulp mills rose, and the domestic spot supply was tight, and the price rose slightly. However, the downstream paper mills started to work unsatisfactoryly, and there were more purchases at the low price in the early period, and there was some pressure on the increase in the price of broadleaf pulp. The US external disk price rose, coupled with the domestic spot market supply is small, the price rose.
4 Pay attention to the “Foreign Achievements of the Paper Industry Light Industry Sector 2012 Quarterly Report and the Industry View of Octoberâ€. Papermaking: It is expected that the third quarterly report of industrial bulk paper will still fall sharply year-on-year. Domestic paper and cigarette paper rely on downstream stability to achieve steady growth. In the third quarter, the main business was down by a small profit, mainly relying on non-recurring profit and loss to contribute to the performance. Different from large-scale industrial paper, household paper and cigarette paper enterprises with relatively stable demand are unique, and the performance of the three quarterly reports has shown steady growth. Packaging: Q3 revenue growth is gradually recovering, and earnings still reflect reverse cyclicality. Q3 With the recovery of orders from the downstream tobacco and food industries, the revenue growth rate of the packaging industry generally rebounded. In addition to the use of low-priced raw materials in the previous period, the gross profit margin continued to be high, and earnings still reflected reverse cyclicality.
Light industry: 1) Domestic consumption: subject to the high base, there is still no obvious improvement in the third quarter; gold and silver jewellery is driven by the rise in gold prices, and it is expected that the volume and price will rise and the gross profit margin will rise. The improvement of Q4 earnings is worth looking forward to.
2) Domestic sales of furniture: Close to the decoration season, the growth rate of domestic sales is expected to rebound significantly. 3) Export: subject to cost pressure, earnings are hard to see.
Puyang Optimus Household Products Co., Ltd , https://www.magicspongecn.com