Domestic paper prices continue to rise sharply
According to the changes in the producer price index (PPI) of the domestic paper industry announced by the National Bureau of Statistics, from 2019 to 2020, the PPI of the national paper industry will continue to be in a falling range, but it will gradually rise from February 2021 to May 2021. Industrial PPI increased by 5.0% year-on-year in the month.
According to the China Paper Association, starting from April 2021, the ex-factory prices of some household paper products have been raised by 10%-20%; leading packaging paper companies are also issuing "price increase letters" one after another. On May 17, the packaging paper industry Nine Dragons Paper, which ranks No. 1 in domestic production, launched the third round of price increases in May.
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