Paper industry's aggregate profit in China up 14.2% year-over-year for January-September 2013, reports China's State Administration of Statistics; paper prices rebounding for some grades, but offset paper price still down from 2010 peak
December 19, 2013
(China Paper Online)
– Reported by China Commercial News. Net:
Based on latest data from State Administration of Statistics, Jan- Sep 2013, sizeable paper firms in China posted 981.55 billion yuan of main operational income, up 8.7% year on year. The aggregated profits of the sector were 46.04 billion yuan, up 14.2% year on year.
Currently, due to sluggishness in Chinese paper sector, price of paper products took a downturn. For premium coated paper, price showed an overall downturn in 2012. In early 2013, as most of paper firms announced price hikes, price of premium coated paper began to stabilize and pick up gradually. Thus, the price trend of this grade is fluctuating on its way of upward momentum.
For offset paper, in 2010, price of this grade slumped from the peak. In 2011 and 2012, price continued to drop. In 2013, price- drop accelerated. But in late April price began to bounce back. Afterwards, it slowly tumbled. In all, demand was not improved obviously and the future was not clear.
For SBS, in 2011 price dropped fast. In 2012 the trend of price decline continued and in 2013 things got better.
Overall, price of SBS lingered at bottom range and began to pick up. As upper-stream sectors maintained almost same quantity of waste paper imports, plus the phasing out of old capacities, market saturation may be eased.