Raw materials into important constraints in the paper industry
Source: Where did the paper go? In 2018, the import waste paper control policy was strictly implemented, and the State Council’s "Opinions on Strengthening Ecological Environment Protection and Resolutely Fighting Pollution Prevention and Control" issued by the State Council will basically achieve the zero import target of solid waste by 2020, the domestic waste paper price center. Or keep high. China Paper Market Overview On the supply side, the new capacity of the industry will start to increase in the second half of 2018. It is estimated that the total new capacity will be 14 million tons in 2018-2019. On the demand side, the demand for packaging paper and coated paper with high macroeconomic correlation will be under pressure. The supply and demand pattern is expected to deteriorate in 2019, and the supply-demand relationship will shift from tight balance to oversupply. By the end of September 2018, the cumulative investment in fixed assets of the papermaking sector reached 21.37 million, a cumulative increase of 5.8% year-on-year, a significant increase from the year-on-year growth rate of 1.2% at the end of 2017. In the first three quarters of 2018, the papermaking sector achieved revenue of 107.9 billion yuan, a year-on-year increase of 17%; realized a net profit of 10 billion, a year-on-year increase of 14%. In the third quarter, demand in the peak season fell short of expectations. The price of finished papers rebounded. At the same time, raw material prices fluctuated at a high level. The revenue growth rate of Q3 single-quarter sector fell back to 7%, and the growth rate of net profit of mothers fell to -0.2%. Since 2018, the number of waste paper imports has fallen sharply under the influence of the ban on the import of waste paper, the increase of the waste paper content rate to 0.5%, and the tightening of import restrictions. Up to now, the 1-22 batch of restricted licenses in 2018 has approved a total of 145.44 million tons of imported waste paper, which is 81% of the 2017 waste paper approval quota. Against the background of the shrinking of waste paper raw materials, the national waste price rose sharply in the first three quarters, which formed certain support for paper prices. China's paper industry status The retail industry is the main downstream industry of packaging paper. In 2017, food and beverage accounted for about 35% of the downstream demand of packaging, 3C electronic products accounted for about 15%, and home decoration consumer demand was about 14%. At present, the consumption growth of boxboard corrugated paper is relatively stable. The 2013-2017 CAGR reached 4.5%. Considering the downward pressure of the domestic economy and the uncertainty of the foreign trade environment, the growth rate of packaging paper consumption in 2019 may slow down slightly. Paper industry development trend The paper industry saw a slight decline in the third quarter. The main business income in the first three quarters increased by 15.5% year-on-year, and the high base impact was 9.4% lower than the same period last year. In the third quarter, due to factors such as macroeconomic and downstream consumption, and Sino-US trade disputes, the industry's overall peak season was not prosperous. The prices of major paper grades declined. The gross profit margin of the first three quarters decreased by 1.3% to 21.6% compared with the same period of last year. . With the recent release of easing signals from Sino-US trade, foreign waste imports are expected to rise further, followed by the leading foreign paper-to-waste paper industry leader and the core driving force for growth in the upstream and downstream integration logic of the industry chain. The tight supply situation of the country's waste supply is expected to be alleviated, and the waste price difference of the waste country will be narrowed, which is good for the waste of the country as the main raw material for packaging paper. Considering that there are more new production capacity and weak downstream demand during the year, it is expected that the profit of the sector will go down, and enterprises with cost and capacity will dominate. With the increase of China's GDP and international trade and the implementation of the “One Belt, One Road†strategy, the paper industry still has a relatively large development space. In the long run, raw materials will always be an important constraint for the paper industry, so companies with raw material resources will have a competitive advantage. In addition, the large-scale operation of enterprises and the diversity and customization of some products will be an inevitable choice. With the intensive introduction of environmental protection policies and the integration of supply-side structural reforms, the state has placed environmental protection at a higher priority. On the one hand, it can greatly improve China's industrial structure, improve economic quality, and at the same time significantly improve. Environmental quality, the fundamental way to transform economic growth. Editor in charge: Miao Rong This article is posted on the website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description. Article source address: http:// The fashionable flu and advanced sense of lipstick perfect women's makeup greatly highlight women's personality Lipstick,Vintage Lipstick,Private Label Lipstick,Waterproof Lip Stick Suzhou Yimeijia368 Biological Technology Co.,Ltd. , https://www.szymjbeauty.com
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