Affected by the lack of demand, the recent price of coated paper market is down by 200-300 yuan/ton, and the price of paper mills is lowered by 200 yuan/ton. However, there is still room for negotiation in the actual single transaction, so that the profit space is increased and the transaction focus is shifted downward. Downstream distributors and printing plants have insufficient confidence in the market outlook, and their enthusiasm for purchasing and dumping goods is not high. To avoid risks, they are actively reducing inventory, resulting in increased pressure on paper mills. At the beginning of the month, APP Jindong Paper (Jiangsu), Shandong Chenming Paper, Shandong Huatai Paper, and Shandong Sun Paper successively issued downtime maintenance notices, as follows:

Analysis, the collective announcement of the downtime notice by the leading enterprises is intended to curb the downward price of coated paper, promote the order of paper mills, and ease the pressure on stocks. Downstream operators have different attitudes toward this. Some dealers said that the paper mills will provide some favorable support on both the supply side and the news side. The price of coated paper is expected to stop falling; some dealers still have insufficient confidence in the market outlook, indicating that demand is light. The paper mill's move is not enough for the market to stimulate, and the price of coated paper is still down.

In terms of upstream raw wood pulp, the spot market for imported wood pulp at the beginning of the week was limited, but the price was narrowly downward. The price of imported broadleaf pulp in Shandong continued to fall chaos, with a downside of 50 yuan/ton or slightly higher. The downstream paper mills have low enthusiasm for purchasing raw materials, and the pulp market turnover is slightly light. In the short term, prices are still under downward pressure.

The price of upstream wood pulp is weak, and the cost support for coated paper is limited. At present, the social demand is still in a weak state. In the short term, the support is insufficient, and the demand is not optimistic in the later stage. Zhuo Chuang analysis, in the short term, still need to pay attention to the specific implementation of the paper mill shutdown and orders. It is expected that the price of coated paper will still be lowered recently, but the decline may slow down.

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