GPMA editor team
At the beginning of December, several paper mills in Fujian Province and Qinhuangdao announced an increase in finished paper by 50-100 yuan (USD 7.65~15.29)/ton, stating that raw paper production costs increased due to the rising price in raw material. Sooner paper mills in Guangdong and other places issued price increase letter one after another.
On December 8, Dongguan Jianhang Paper claimed an increase by 50 yuan (USD 7.65)/ton of corrugated paper, Dongguan Jinzhou Paper announced its high-strength corrugated paper increased by 100 yuan (USD 15.29)/ton.
On December 9, Dongguan Hongye's high-strength corrugated paper price increased by 50 yuan (USD 7.65)/ton, and Guangdong Jiangmen Qiaoyu Paper's increased by 100 yuan (USD 7.65)/ton.
People hold different views in regards of the price rising. It might need to wait for a bit longer to see whether the downstream order is affected.
For one thing, paper mills indeed are forced to raise the price as raw materials’ price is rising. For another, this also reflects that it is expected to see increasing demand in the downstream in mid-December. Though it may not be that much, paper mills still want to seize the chance to alleviate the 2020 revenue pressure.