Yueyang Paper Pulp Prices Help Out Of Low Performance
Northern bleached softwood kraft pulp break 700 U.S
. dollars / ton mark, Yueyang paper by this positive stimulus, September 22 soared.
Recently, with Europe and the United States economy Qi Wen, Papermaking The industry will bottom out in the near future, is bound to pull that product demand and pulp prices, which will have basic self-sufficiency of Yueyang Paper pulp is tantamount to a long-term good, will drive the performance of the company in 2010 out of the woods.
With the United States and Europe have published a relatively optimistic about the domestic economic data showed the economy the worst is over, all kinds of resources, prices have increased substantially. Information, on Sept. 8 in northern bleached softwood kraft pulp for the first time in 2009 break 700 U.S. dollars / ton mark, compared with the beginning of 624 U.S. dollars / ton rose 12.21%, compared with the end of the first quarter of 2009, the industry trough, 577 U.S. dollars / t up 21.32%.
Forest industry is the leading enterprises in Hunan, paper products annual capacity of 600,000 tons, in early 2003, large-scale planting of fast growing forest of 20 million mu in 2009 to reach 7-8 years of production period, 15 million mu in 2009 volume represents the cutting speed of 105 million mu of forest cutting seven ring volume when the normal cut. Leading products Offset Paper And LWC paper attributed to cultural context, energy saving benefit is the most obvious one of the plates, steady demand, new capacity is relatively small, the price drop less; but Wrapper By the fall in exports, a significant reduction in the price down.
In 2008, compared with Chenming Paper and Sun as much as 25% or more Sell Gross margin, only 20% of the company, mainly the company's equipment compared with the relative aging of the constraints to further improve company performance. It is understood that cost the company 300 yuan per ton more than the depreciation of paper, while the same ton of paper companies such as Sun to depreciation expense is approximately 120, only 40% of the company, its main equipment are imported from Europe and the United States from countries at high prices.
Interim results the company in 2009 dropped sharply, mainly due to the industry downturn, paper and pulp prices down. As the decline in domestic demand and excess capacity, paper product prices in the fourth quarter of 2008 fell sharply, the company was forced to sell at market prices to reduce inventory. As the raw material pulp prices fall, the company the advantage of the original paper integration into the present instead of weaknesses, the more negative impact on performance.
Information, first half of 2009, white Cardboard , Offset paper and cardboard were the average price of 6,208 yuan / ton, 6,237 yuan / ton and 3,290 yuan / ton, down 20.37 percent year on year respectively, 8.19% and 10.19%; the main raw material of soft international north Wood pulp And the United States average price of waste paper in the first half was 594 U.S. dollars / ton and 41 euros / ton, down 33.17 percent year on year by a significant 58.25% and.
Future, the company's products and raw pulp production are expected to maintain rapid growth, but the results raise more dependent on the global economic recovery. Global forest resources scarce, the cost will likely determine the long-term pulp upward trend in the domestic paper-making enterprises as the main raw material for the pulp and paper imports for most of the international oil price drop will ease their transport costs brought about by rising cost pressures, but the short-term self-sufficiency for the company's pulp, but is reduced competitiveness.
It is understood that the company closed 07 additional items?? 2 200 thousand tons with mechanical pulp Print Paper is expected in August 2009 and put into operation in October, the main products are super calendar paper, copy paper and high-grade environment-friendly electrostatic copy paper, belongs to the culture of higher quality paper in the paper, on the vision has a protective effect, consistent with future trends. Stronger bargaining power of new products, gross margin is expected to reach the level of 25% or more. Such as economic recovery confirmed that mass production in 2010 is expected to promote business growth.
In addition, Chun Thai Pulp and Paper Group has an annual output of 400,000 tons bleached kraft pulp and 140,000 hectares of the Forest Base supporting the project. Since the second half of 2008 and the sharp decline in pulp prices IPO suspension, the company's allotment funding acquisitions fail, the current placement of shares the company is still conducting the operation of the project, if completed under the current low cost of acquisition of the Chun-tai, not only provide the raw material cost, but also external sales of pulp, and then the performance of the company contribution to a new growth point.
by: himfr
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