On May 19th, Nine Dragons Paper, which ranks No. 1 in the packaging paper industry in China, launched the fourth round of price increases in May. This round of price increases was only two days after the first price increase. In a week, the price of Nine Dragons Paper's base paper rises on average every three days.

This is not over yet, the latest news on May 24th, Nine Dragons Paper started the fifth round of price increases in May! From May 24 onwards, Nine Dragons Cattle Cards and Corrugated Cards will increase by RMB 250/ton, Dilong Cattle Cards, White Flour Cattle Cards, and Coated Cattle Cards will increase by RMB 200/ton, and Recycled Cattle Cards will increase by RMB 150/ton.

At the same time, the Nine Dragons Base drove more than 40 paper companies in Hebei, Henan, Shandong and other places to increase prices. Corrugated paper, boxboard paper, yarn tube paper and other paper types are increased by 100 yuan/ton, and some paper mills also require original uncompleted orders to be within this price adjustment range (our carton packaging for aromatherapy machine is also affected by this price increase) .

Since May, major domestic cultural paper companies and traders have issued a number of price increase letters. Among them, the price of cultural paper has generally increased by 200 yuan/ton, and the price of white cardboard has increased by 1,000 yuan/ton.

Zhang Shenjin, secretary-general of the All-China Federation of Industry and Commerce Paper Chamber of Commerce, said that the main reason is that the prices of pulp, logistics, and energy in the upstream of papermaking have increased globally, which directly increased the production costs of enterprises. The second increase is on the basis of the previous low, especially white cardboard, which now has a relatively large increase (our packaging papers such as scent machine DB20, VS860B, H11 are white cardboard).

From November 2020, the price of white cardboard first exceeded 5,000 yuan/ton, and one month later, the price per ton rose to more than 7,000 yuan. The manager of a paper product packaging company said: “By this year’s Ching Ming Festival, it has risen to more than 9,000 yuan. After that, it went up by another 500 yuan. In just a few months, the price has more than doubled, and it is already more expensive than steel."