Zhong Guo Chan Ye Jing Ji Xin Xi Wang·2025-06-30 22:24Group 1: Packaging Paper Industry - From June 26, some paper manufacturers in Shandong initiated a new round of maintenance, exacerbating supply-demand conflicts in the packaging paper industry during the traditional off-season [1] - The packaging paper market, represented by corrugated and boxboard paper, continued its downward trend from the second half of 2024, with market average prices showing a decline both month-on-month and year-on-year [1] - Analysts indicate that the primary reason for the difficulty in halting the price decline in the packaging paper industry is the significant supply-demand imbalance, with increased supply from new production capacities and weakened market demand due to a notable drop in export orders [1] Group 2: Cultural Paper Market - The cultural paper market also experienced a "more declines than increases" trend in the first half of the year, with double offset paper prices at near two-year lows [2] - The decline in terminal consumption and fluctuating external conditions led to weak demand for double offset paper, resulting in frequent price volatility and market averages falling below expectations [2] - The dual pressure of prominent supply-demand imbalances and declining raw material costs has led listed paper companies to focus on pulp-paper integration and digital transformation to reshape the competitive landscape [2] Group 3: Company Developments - Shandong Sun Paper Industry plans significant investments in 2025, with multiple projects in its Nanning base, including high-end packaging paper production lines and various pulp production lines scheduled for trial production and launch in the fourth quarter of 2025 [3] - Shandong Huatai Paper Industry has successfully launched China's first "industry brain" for paper manufacturing, utilizing AI to achieve full-process digitalization and intelligence from raw material procurement to production, sales, logistics, and finance [3] - Analysts predict that the overall oversupply in the packaging and cultural paper industries is unlikely to change in the second half of the year, with expectations of continued low-price fluctuations and a focus on market share growth among leading companies under low profit margins [3]