In 2023, the paper industry is facing greater profit pressure, and with the recovery of the industry boom this year, it is expected that corporate profits are expected to be effectively repaired.
The new production capacity has made the supply of paper products relatively loose, resulting in an imbalance between supply and demand, and the price of some paper varieties, especially white cardboard, has dropped significantly.
According to Longzhong Information, attracted by favorable industry policies and other factors, the new production capacity of white cardboard in 2021-2023 totaled 5.9 million tons. The concentrated release of new production capacity has led to a decline in the price of white cardboard, which once fell below 4,000 yuan/ton in 2023. According to preliminary statistics, the average price of white cardboard market in 2023 fell by about 16% compared with 2022, and even the extreme situation of upside down paper price cost appeared.
In this context, the industry enterprises are facing greater performance pressure. As far as the performance of paper enterprises has been announced, the performance of many paper enterprises such as Qingshan Paper, Yueyang Paper, and Nine Dragons Paper in 2023 declined or lost money compared with the same period last year.
