New development trend of paper industry under the

2022-07-28
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New development trend of the paper industry under the rapid expansion of production capacity (I)

development trend of the paper industry under the rapid expansion of production capacity key companies in the industry recommend company code company name investment rating 000488 Chenming paper recommended 600308 Huatai shares recommended 600433 Guanhao hi tech cautiously recommended tracking companies in the industry to compare the relative market performance of the industry (nearly 12 months)

There is still much room for the future demand of China's domestic paper market to rise. In 2004, China's total consumption of pulp was 44.55 million tons, and the annual consumption of paper and paperboard was 54.39 million tons, becoming the second largest paper consumer in the world. However, the annual per capita consumption of paper and paperboard in China is only 42 kg, which is far lower than 300 kg in developed countries such as the United States and Japan. It is estimated that the domestic paper consumption will reach million tons in 2010, and will reach or exceed 100 million tons in 2020. There is still much room for China's paper and paperboard consumption to rise

.. Domestic paper production capacity expanded sharply in 2005, and some paper markets will reach saturation within a certain period of time

domestic paper demand is booming. Due to the 5-year anti-dumping protection measures for imported paper and coated paper and the anti-dumping investigation on imported kraft linerboard, domestic paper enterprises have greatly expanded their production capacity. Many international paper companies have begun to invest and build factories in China, resulting in a sharp expansion of domestic production capacity. The capacity of white board, coated paper and paper has expanded significantly, and the market pressure is huge. In the short term, there may even be overcapacity, but in the long run, it will tend to be balanced. However, some high-grade paper varieties are still in short supply

.. The competition in the domestic paper market comes from three groups of Companies: domestic companies with domestic paper listed companies as the main body, foreign-funded companies invested and established by foreign capital in China and large international paper companies. Capacity expansion will affect the performance of some companies

after Chenming paper acquired the assets of Jizhi paper, the domestic paper market will form a pattern in which Huatai, Chenming and Pan Asia are three parts of the world; At present, the coated paper production enterprises take the absolute advantage of Jindong paper under app Paper Group. Meanwhile, Stora Enso, Prince paper and other international paper giants are preparing to build large coated paper production lines in China; Ningbo Zhonghua paper 70, a subsidiary of APP Paper Group, should replace the sealing ring or combined pad in time. The 10000 tons of white paperboard was put into production, which had a huge impact on the white paperboard and white paperboard Market

.. The development trend of the paper industry is as follows: the degree of industry intensification is getting higher and higher; The paper products are gradually upscale and diversified, and the gross profit margin is gradually reduced; The forestry paper integration mode has initially appeared, striving to gradually break through the bottleneck of wood pulp raw material supply. He told the audience: these materials and research work point to the future of the automotive industry

the industry is classified according to the industrial chain: wood, bamboo and other plant fiber raw materials (forest and grass resources), pulp, paper and paperboard, and paper products

pulp is mainly divided into wood pulp and straw pulp according to different sources of raw materials. Wood pulp is divided into coniferous wood pulp and broad-leaved wood pulp, while straw pulp mainly includes wheat straw pulp, sugarcane pulp, reed pulp, bamboo pulp, etc

pulp can be divided into chemical pulp, mechanical pulp and waste pulp according to different manufacturing methods. Among them, chemical pulp can be divided into alkali sulfate pulp and sulfite pulp

paper (paper and paperboard) is mainly divided into manual paper and machine-made paper according to different manufacturing methods. Compared with machine-made paper, the use of handmade paper is very small. Generally, paper in the paper industry mainly refers to machine-made paper

there are about 200 kinds of handmade paper, which are various and messy. Handmade paper can be divided into four categories: cultural paper, production paper, sanitary paper and sacrificial paper

the most famous hand-made paper is rice paper for brush calligraphy and painting. This kind of handmade paper is well-known at home and abroad for its flexible texture, white and smooth, fine and even, and durable color. Secondly, there are Daqian calligraphy and painting paper, Fengxiang calligraphy and painting paper, maobian paper, Lianshi paper, yukou paper, Koryo paper and other cultural papers. These handmade papers are unique and often have some characteristics that machine-made paper cannot have

several kinds of paper with large consumption in the market mainly include paper, writing paper, coated paper, corrugated base paper, kraft linerboard, lightweight coated paper, white cardboard, cigarette paper, carbon free carbon paper, toilet paper, etc

wood pulp accounts for a large proportion of the raw materials used in the production of high-grade paper, while straw pulp raw materials are mainly used to make low-grade paper. Many paper types can be made by mixing wood pulp and straw pulp. In some paper and paperboard, a certain proportion of reed and wheat straw pulp will not affect the quality of paper and paperboard, but also reduce the product cost

paper products mainly include paper packaging containers, cartons, lunch boxes, paper cups, thin books, paper barrels and other cultural paper, coated paper, light coated paper, offset paper, writing paper and other packaging paper, white card paper, white paperboard corrugated paper, boxboard kraft paper and other household paper sanitary napkins, napkin sanitary napkins Baby diapers and other machine-made paper and paperboard classification special paper carbon free copy paper electrolytic capacitor paper cigarette paper anti-counterfeiting paper and other industries in-depth report please read the rating description and important statement on the last page 3 industry characteristics the paper industry is a defensive industry because it is a basic manufacturing industry with relatively small demand elasticity and is not significantly affected by the economic cycle The paper industry is a relatively intensive industry in terms of technology, capital, resources and energy, with huge investment in raw materials and equipment

the paper industry has a large proportion of fixed asset investment. More than 60% of the investment is equipment investment, and the degree of automation is higher than that of the general manufacturing industry. For each additional 10000 tons of pulp production capacity, about 1 Billion; An additional 10000 tons of paper and paperboard will require an investment of about 200million yuan; The fixed assets occupied by the output value of 100 yuan are equivalent to those of petroleum, chemical industry, metallurgy and other industries

demand analysis industry life cycle the paper industry in developed countries in the world is in a mature period, while China's paper industry is in a high-speed growth period

statistical data over the years show that the total output of paper and paperboard in China has been significantly lower than the total consumption, and the annual per capita paper consumption is far lower than that of developed countries in the world. At the present stage when the production capacity of processing and manufacturing industry is generally surplus, the paper-making industry, which focuses on the development of new materials in our province, is one of the few industries with growing demand and short supply. It is a typical demand driven industry

from the comparison between the growth rate of annual consumption and production of domestic paper and paperboard and the growth rate of GDP from 1997 to 2004, it can be seen that the growth rate of annual consumption and production of paper and paperboard fluctuated greatly, and the two maintained a very similar industry in-depth report. Please read the rating description and important statement on the last page. The growth trend is similar to that of China's GDP, The growth rate of annual consumption and production of paper and paperboard has been at a relatively high level since 2002. It can be said that the advantages of SEBS foaming material in China lie in its good tensile property, elastic resilience and product modeling plasticity. China's paper industry is now in a period of rapid growth

customer research and demand forecast overall demand in the decades since the founding of the people's Republic of China, the supply and demand of China's paper market has basically developed steadily. However, since the mid-1990s, the supply and demand relationship in the domestic paper market has changed greatly, and the growth of domestic paper production is much lower than that of consumption. Due to the adjustment of consumption structure, there is a serious shortage of high-end products with wood pulp as raw materials, which have to be solved by importing a large number of foreign products every year

in 2004, China's total consumption of pulp was 44.55 million tons, and the annual consumption of paper and paperboard was 54.39 million tons, making China the second largest paper consumer in the world. However, the annual per capita consumption of paper and paperboard in China is only 42 kg, which is far lower than 300 kg in developed countries such as the United States and Japan. With the economic growth, the relatively small domestic paper and paperboard Market should have room for further growth. According to the prediction of domestic and foreign papermaking and economic experts, the domestic paper consumption will reach 76-80million tons in 2010 and 100 million tons or more in 2020. There is still a lot of room for China's paper and paperboard consumption to rise

there are a variety of paper products, which are applied in different fields, and various paper products have different customer groups. In order to forecast the market demand of various paper types, it is necessary to analyze and study the consumer groups and follow-up industries of different paper types

the demand for cultural paper is closely related to the rapid development of publishing, printing, advertising and office information materials

a paper (1) the prosperity of paper is closely related to the newspaper publishing industry. China's paper publishing industry is in the process of consolidation and development. At present, there are 2007 kinds of newspapers, and some duplicate newspapers have been closed. However, the number of printed pages of each newspaper has risen sharply. The number of printed pages of newspapers across the country has reached 80billion, and the amount of paper used has reached 1.8 million tons. Some big newspapers have 56 pages and some tabloids have 72 pages. In 2000, the total number of copies issued reached 32.9 billion. Another feature is the rapid increase of color printing. In 1995, the color edition accounted for 1% of the total pages, but in 2000, it rose to 20%

(2) the rapid growth of the social demand of newspapers is due to the sharp rise of social information and the substantial increase of commercial advertisements. There are two reasons for the rapid growth of the social demand of newspapers: first, the sharp rise of social information and the transmission of the industry in-depth report. Please read the rating statement and important statement on the last page. 5 fast, the newspapers as information carriers naturally rise sharply; Another reason is that there is a large increase in commercial advertisements in society. Newspaper advertisements have their own characteristics. They are not flashed or heard, but can think while watching. They are even more popular

(3) paper consumption will increase steadily, and the consumption demand will reach 6.45 million tons in 2010

the paper consumption of newspapers in China has always accounted for% of the paper consumption of all publications (including books, periodicals and newspapers), and the paper consumption of newspapers has been increasing significantly at a growth rate of more than 13%. Since the per capita consumption of newspapers in China is less than one-fifth of that in developed countries, there is still broad space for the development of newspaper publishing industry in the future. Therefore, China's paper consumption will increase steadily. Based on the annual consumption growth of 13%, China's paper consumption this year is 3.5 million tons, and in 2010 it will reach 6.45 million tons

coated paper coated paper includes copper paper, light coated paper, etc. its application scope is mainly concentrated in some high-end magazines, illustrations, pictorials, calendars, commercial advertising inserts, commodity brochures, book covers, etc

the per capita consumption of coated paper in China is very low. In 2002, it was about 2kg, less than 2/7 of the world's per capita consumption, not to mention the United States and Japan. If we want to reach the world average level, China also needs 9million tons of coated paper. It can be seen that there is still a lot of room for the consumption of coated paper in China to rise

coated paper is mainly used in publishing. From the situation that the average growth rate of paper consumption of various publishing houses in China in recent years is 7%, according to this ratio, the demand for printing paper of various publications in China in 2005 and 2010 was 11.18 million tons and 15.68 million tons respectively. In the past two years, the world's coated paper accounted for 41% of the printing paper. According to this proportion, the demand for coated paper in 2005 and 2010 will be 4.58 million tons and 6.43 million tons respectively

coated paper can be replaced by light coated paper and other coated paper. At present, coated paper is the main consumption of magazines and pictorials. Light coated paper can also be better used as magazines and pictorials due to its low cost, so it is constantly being used by consumers

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