The hottest printing and writing paper prices in A

2022-08-08
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The price of printing and writing paper in Asia fell

this year, the demand for printing and writing paper in the Asian market has declined significantly. The prices of various high-end coatings and uncoated wood pulp printing and writing paper in Asia are equal to or lower than those in 1998 when the Asian financial crisis occurred. People seem to feel that it is a reappearance of the history from 1997 to 1998. However, it should be noted that the current economic growth and gross domestic product (GDP) growth in Asia is better than that in 1998, but the printing and writing paper market is very poor. Therefore, people have to ponder, how can this situation happen

first of all, let's take a look at the few statistical data in Asia: the demand for printing and writing paper in Asia fell by 4% in 1998, that is, 1.1 million tons. Demand in most Asian countries fell this year. For example, Japan fell by 3%. Ningbo in Southeast Asia, including South Korea, is a "national base for the transformation and industrialization of new material achievements" approved by the Ministry of science and technology. All countries also suffered from the severe impact of the Asian financial crisis and reduced demand. The only strong country in the region is China, with demand increasing by 6%

look back at the situation this year. According to the forecast, the demand for printing and writing paper in Asia will drop by about 2% this year, reaching 600000 tons. It is estimated that Japan will fall by 2%, while Southeast Asian countries will fall by about 20%. In addition, it is expected that China's demand for this kind of paper will also slow down and decline significantly, which may reach 2%. It is in an exploratory stage, which is mainly due to the adjustment of inventory, reflecting the signs of the slowdown in the growth of this kind of paper consumption. However, the GDP growth rate of Asian countries and regions this year is no worse than that of 1998. During the financial crisis in 1998, the GDP of Asian countries and regions fell by 0.5%, while this year it is estimated to grow by 1% - 2%. Under such an economic situation, the demand for printing and writing paper has slowed down greatly. Of course, the economic situation has slowed down consumption, which will have an adverse impact on printing and writing paper. However, there are other reasons, that is, a large number of inventories were bought last year, and in this year, it is necessary to adjust inventory and clear inventory, which is the first factor

the second factor is the weak global economic trend this year, and all regions of the world are facing a slowdown in economic growth at the same time. As a representative of the global economy, the US GDP growth has slowed down significantly, affecting other regions. According to the report of American risi company, the global economic growth rate is expected to be 1.5% - 2.0% this year, which is slower than the actual growth rate of 2.2% in 1998. This situation has reduced the demand for this kind of paper in Asia. The slowdown in global economic growth has affected the consumption of printing and writing paper in Asia in several ways. As the multinational company not only has weak sales in Asia, but also has poor sales revenue performance in other global markets, it has greatly reduced its advertising budget in Asia during this period. As many export commodities need printing and writing paper as supporting aids, the decline in Asian commodity exports has also had a negative impact on the demand for printing and writing paper. As global economic growth slows, exports of printed goods such as illustrated pictorials have also fallen

the third important factor is that the production capacity of this kind of paper in Asia has continued to grow since 1998, resulting in an imbalance between actual demand and potential supply, which is also one of the reasons why the paper price fell back to the time of the Asian financial crisis. It is expected that the production and operation rate will fall this year, returning to 83% of the year in which 1998 constituted a new growth point

now, Asian producers will face a more severe situation than in 1998, because first of all, the opportunities for Asian manufacturers to increase their exports to the rest of the world have been sharply reduced. Second, manufacturers outside Asia also want to sell their increased production to the Asian market

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