Since June 2020, domestic bulk commodities have continued to rise, of which paper prices have risen by 50%. Before and after the Spring Festival, especially since March, the price increase of mainstream packaging and cultural paper including white cardboard, coated paper, and double offset paper has suddenly increased, from the original increase of three to five hundred yuan to 1,000 yuan. , Or even 2,000 yuan. After this round of violence, the ton price of white cardboard, which was already at a historical high, broke through the 10,000 yuan mark, setting a new record high; the ton price of coated paper and offset paper also reached a relatively high level. In Our Chairman Lee's view, there is no problem that cannot be overcome. In the past 2020, faced with various pressures brought by the epidemic, all members of the ML Packaging team worked together to overcome the difficulties and actively resumed work and production, ensuring the completion of production tasks. With the joint efforts of the whole company, the sales performance of MLP in 2020 has achieved double growth and achieved contrarian growth. However, after we has just overcome the epidemic, has to face the problem of rising paper prices, which is a common problem faced by the entire industry. "In 2021, the biggest difficulty we will encounter is the uncertainty caused by rising paper prices." Paper cost is the most important cost for printing and packaging companies, and it is absolutely dominant. In the short term, with such a rapid and substantial price increase, it is difficult for the pressure of price increase to be transmitted to the downstream quickly. It is optimistic that only 20% of customers can accept small product price adjustments. Printing companies are in a dilemma of default and loss. Profits have been wiped out and the loss of the industry has expanded, leading to a serious survival crisis for enterprises, which can easily lead to a wave of losses and bankruptcies in the industry. Paper prices are rising so fiercely, how should printing companies respond? In this regard, Minglai Packaging Factory's strategy is to resolve the pressure caused by rising paper prices through refined management and cost control. Precaution is also a commonplace issue. Our company has effectively resolved the problem through adequate material preparation. Similarly, because of sufficient material preparation, the impact of paper prices on us has not yet been fully revealed. "But if the future continues to rise like this, it will be a very big challenge not only for us, but also for the entire industry." as per our chairman Lee said.    At the same time, importing paper from overseas channels is also an effective way to maintain the stability of paper prices.    "We have also established very extensive contacts with overseas paper mills. At present, 30% of our paper is imported from overseas."    "Although the price of paper in overseas channels is also r...

        We are living in unprecedented times. The new crown pneumonia virus has changed the way we work, eat, shop and play. We have already felt its impact in our entire economic life.    With the spread of the virus, physical stores are closed, consumers are hiding at home, and the number of consumers pouring into online stores has set a new record.   According to the first quarter Global Shopping Index report released by Salesforce, the number of online shoppers increased by 40% year-on-year. Online shoppers drove a 20% revenue growth in the first quarter of 2020, and achieved an unprecedented growth of 71% in the second quarter, compared with the previous year’s growth rate of more than 10%.   The statistics of online daily necessities shopping are particularly surprising.    A survey of 1,500 consumers conducted by RBC Capital Markets showed that 42% of respondents now buy daily necessities online at least once a week, up from 22% in 2018.    In addition, one-third of the respondents in the RBC survey stated that they had made an online purchase of daily necessities for the first time in the past month. Among these surveyed online shoppers of daily necessities, more than half believe that the new crown pneumonia virus "is prompting them to consider permanently purchasing daily necessities online."    This research is also consistent with other predictions that pandemic infectious diseases may become an inflection point that encourages consumers to shift to e-commerce. In the Retailer magazine, Thad Rueter pointed out that many of the consumer habits that people form during a large-scale crisis are usually maintained forever. This trend means that even those consumers who were previously unaccustomed to online shopping (such as the elderly) may now shop online on a regular basis. As the demand for goods on e-commerce platforms continues to increase, so does the demand for packaging. All these online purchases require packaging and labels to support the sales and transportation of their products.    E-commerce demand for packaging has been expanding before the emergence of COVID-19, and it is now growing at a faster rate. The analysis done by the global research company Research and Markets shows that Covid-19 will promote further growth in global packaging production. In the report titled "The Impact of COVID-19 on the Packaging Market of Different Material Types", they predict that the global packaging market will grow from US$909 million in 2019 to more than US$1 billion in 2021. The compound annual growth rate (CAGR) exceeds 5%; in the most ideal case, it is expected to exceed 9%.    Research and Markets continues to point out that the important factors driving the expansion of packaging production are the increasing demand for fast-moving consumer goods (FMCG) and pharmaceutical packaging, as well as the increase in e-commerce sales due to ...

        Since June 2020, my country's paper prices have been rising all the way. After the start of the Spring Festival in 2021, the price of white cardboard paper has exceeded 10,000 yuan, a record high. Faced with the pressure of rising paper prices, some printing companies have long been overwhelmed.    Although the proposals of the two sessions have involved paper prices, and printing associations in various regions have met to discuss solutions, the trend of rising paper prices has not been reversed, and many printing companies are still facing considerable cost pressure.    However, the increase in paper prices is not a unique problem in the current Chinese market. In India, rising paper prices have made the local printing business unsustainable.   The increase in paper prices has severely hit the Indian printing industry   According to "Reference News" quoted India's "Printing Weekly" report, in addition to facing the pressure of rising paper, the Indian printing industry is also facing the double blow of the continuous increase in the prices of printing plates, chemicals, inks and other raw materials and the sharp increase in input costs.    Faced with tremendous pressure, the All India Federation of Printers (AIFMP) has condemned the sharp increase in the prices of raw materials, led by paper, printing plates and chemicals. The organization said in a recent statement that: Paper manufacturers’ unprecedented increase in paper prices is a major obstacle to their operations. At the same time, the consumables industry is unwilling to pass on costs, making the printing business unsustainable.   In 1955, India promulgated the "Necessities Act", stipulating that newsprint, cardboard, and straw paper were listed as "necessities." However, this law has not been properly implemented. Kamal Chopra, chairman of the Federation of Printers, said: "We hope that the government will intervene and supervise its strict implementation."    The price of newsprint has risen severely, with the price per ton nearly doubling   According to the Indian "Media Exchange" website, Indian publishers also need to cope with the ever-increasing price of newsprint. After the outbreak of the new crown epidemic, the price of newsprint has soared by 20% in the past three months, and it is expected that it will increase by at least 10% in the next month.    reported that the price of newsprint in 2020 will be less than US$300 per ton, and it is now close to US$500 per ton. It is expected that it will increase by another US$100 in the next few months, nearly doubling. Since India’s 2021 fiscal budget did not announce that it would exempt the printing industry from import taxes on newsprint, the printing industry is struggling to develop its business. Shreams Kumar, Managing Director of India’s “The Motherland” said: “Nearly 50% to 60% of our costs are spent on buying n...

Till now, we have received so many notification from our paper supplier that paper prices will be adjusted again in April. These leading paper mills issued notices of shutdown and production restrictions. In April, paper prices will usher in a major adjustment again. White cardboard will be the first to increase the price by 500/ton. Coated paper and double offset paper will successively issue price increase letters; in view of current market demand and paper mill inventory, Chenming, APP, etc Announce the news of production shutdown. Price increase letter: Dongguan Huafa Paper Co., Ltd. issued a price increase notice. The white cardboard series will increase by 500-600/ton based on the original price; the price of coated paper will increase by 500/ton; the price of double offset paper will increase by 700/ton. Shutdown and limited production: APP Gimhae arranged a shutdown for 6 days in mid-April to reduce the copper plate production capacity by 20,000 tons. Sun Paper's total of 2 double-offset paper machines were shut down. The downtimes were: April 1st-April 30th, and April 9th-April 18th. Chenming Group shut down the coated paper machine for 5 days due to routine maintenance in spring. Lucky us, we have few big warehouse and we have enough stock to prepare for the order of cardboard box for recently few month. If you are looking for cardboard boxes, feel free to contact us to get  the best offer you can get.