多因素影响下8至12月双胶纸出口形势或仍不乐观

Core Viewpoint - The export volume of double glue paper in China is expected to remain low in the latter half of the year due to various factors including reduced global demand, increased domestic competition, and uncertainties in export costs [1][2]. Group 1: Export Volume and Trends - In the first seven months of 2025, China's cumulative export volume of double glue paper reached 502,900 tons, a year-on-year decrease of 16.14% [1]. - The overall export situation for double glue paper is projected to remain pessimistic from August to December, with an estimated cumulative export volume of around 360,000 tons, reflecting a year-on-year decrease of 7.01% [2]. Group 2: Market Influences - The decline in export volume is primarily attributed to reduced international demand for paper products, particularly as double glue paper serves as a raw material for books and notebooks [1]. - The Southeast Asian region's long-term low-cost wood resource advantage continues to exert competitive pressure on China's double glue paper exports [1]. Group 3: Domestic Market Conditions - The domestic market is expected to face increased competition with 1.25 million tons of new production capacity set to be released from August to December [1]. - Despite the oversupply in the domestic market, companies may seek to export to alleviate inventory pressures, although fluctuations in pulp prices and double glue paper pricing will impact profitability and export pricing flexibility [1].