The import volume of waste paper in the first mont

In the first month after the implementation of the new regulations on impurity content, the import volume of waste paper fell by 54% year-on-year

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core tip: on April 23, China Customs released the import data of waste paper in March 2018, with the import volume of 4.21 million tons, a year-on-year decrease of 54.2; The monthly cumulative import volume was 3.93 million tons, down 49.5% year-on-year. According to the data, the weekly average price of corrugated paper last week was 4295 yuan/ton, up 0.1% month on month, up 7.7% from before the Spring Festival; The average price of national waste yellow paperboard last week was 2579 yuan/ton, up 0.2% month on month, up 14.2% from before the Spring Festival

[China Packaging News] on April 23, China Customs released the import data of waste paper in March 2018, with the import volume of 4.21 million tons, a year-on-year decrease of 54.2; The monthly cumulative import volume was 3.93 million tons, down 49.5% year-on-year. According to the data, the weekly average price of corrugated paper last week was 4295 yuan/ton, up 0.1% month on month, up 7.7% from before the Spring Festival; The average price of national waste yellow paperboard last week was 2579 yuan/ton, up 0.2% month on month, up 14.2% from before the Spring Festival

in the first month after the implementation of the new waste paper policy, the import volume fell by 54.2% year-on-year

in March, the import volume of waste paper was 1.42 million tons, a year-on-year decline of 54.2%, and the cumulative import volume of waste paper in March was 3.93 million tons, a year-on-year decline of 49.5%. According to the actual import data of waste paper released by the Customs:

the actual import in January was 1.24 million tons, down 44% year-on-year

the actual import in February was 1.27 million tons, down 48% year on year

the actual import in March was 1.42 million tons, down 54.2% year on year

the cumulative import in the month was 3.93 million tons, a year-on-year decrease of 49.5%

since 2017, the state has made a series of adjustments to the waste paper import policy, one of which has a great impact: from March 1, 2018, the general inclusion limit in imported waste paper has been raised to 0.5%, that is, the impurity content index of imported waste paper has been significantly increased. Since March 1, since the implementation of the new regulations on impurity content, waste paper return incidents have occurred from time to time. The import volume in March announced this time fell by 54% year-on-year, which quantitatively reflects the impact of the new regulations on impurity content on the import volume of waste paper. Orient Securities believes that the impact of the new waste paper policy on the import volume is expected to exceed market expectations, and a significant reduction in the import volume of waste paper is a foregone conclusion

waste paper import licenses were issued. In January 2012, the Ministry of industry and information technology formulated the 1025 development plan for the new material industry and released 10 batches, with a cumulative approval of 9.44 million tons

so far, 10 batches of waste paper import licenses were issued, with a cumulative approval of 9.44 million tons, a decrease of 66% compared with 2017. Enterprises importing waste paper need to apply to the Ministry of environmental protection for import quotas first, and can only import it after being approved. Therefore, the quantity of waste paper import license can be regarded as the ceiling of the actual import quantity of waste paper. So far, a total of 66 enterprises have been approved to import waste paper in 2018, with a total of 9.4431 million tons, down nearly 66% from the number of import licenses in 2017

among the top ten allocated enterprises, Jiulong paper, Liwen paper, Shanying paper and Guangzhou paper were approved to import 3.4555 million tons of waste paper, 1.5542 million tons, 1.1964 million tons and 750000 tons respectively, accounting for 36%, 16%, 13% and 8% of the approved amount respectively. The import quota of waste paper of leading paper enterprises accounted for a relatively large proportion, and the cost advantage was significant

the change of China's waste paper import policy will lead to a significant reduction in China's waste paper import after 2018. The impact testing machine is less controlled by PC microcomputer, which may trigger the substitution effect of wood pulp on waste paper when the domestic waste supply cannot be fully guaranteed. From the perspective of global supply and demand of wood pulp, its supply growth rate is far less than the demand growth rate, so it is more about wood pulp prices. At present, the supply and demand of wood pulp paper products are balanced, and the price rise of raw materials is expected to be effectively transmitted. The leading enterprises of wood pulp industry benefit from the self supplied pulp production capacity, and the cost advantage is obvious

the price of base paper is relatively stable, and the market wait-and-see mood is strong

according to the data, the box board corrugated paper: the weekly average price of corrugated paper last week (April) was 4295 yuan/ton, compared with the following functions of buttons on the oil source control panel: up 0.1%, up 9.1% from before the Spring Festival; The average price of carton board last week was 5127 yuan/ton, unchanged month on month, up 7.7% from before the Spring Festival

the price of national waste yellow paperboard rose slightly, with the average price of 2579 yuan/ton last week, up 0.2% month on month, up 14.2% from before the Spring Festival