Coated paper is generally used for various printed materials such as catalogues, magazine covers, flyers, and posters. Currently, the price of coated paper in the Hong Kong market is $750 (tonnes) per ton, down $15 (about 2%) from the end of September. The price of coated paper has fallen by $120 (13.8%) compared to the end of May, which hit a near high.
The price of coated coated paper has hit a low of nine and a half years since March 2003 in the Asian market.
Analysts say that one reason for the decline is that China continues to expand its production capacity. China's paper companies are continuing to expand their production capacity because they are optimistic about demand growth, so the oversupply situation in the Asian market is intensifying. According to the Japanese paper industry, China added about 3 million tons of capacity last year, which is equivalent to 60% of Japan's coated paper production.
In addition, in order to meet the Christmas demand at the end of the year, the European and American publishing houses will increase orders to Asian printing companies in the autumn, but due to the European debt crisis, the demand for catalogues and books for gifts from Europe is decreasing. In addition, the popularity of e-books seems to have a negative impact.
The price of coated coated paper has hit a low of nine and a half years since March 2003 in the Asian market.
Analysts say that one reason for the decline is that China continues to expand its production capacity. China's paper companies are continuing to expand their production capacity because they are optimistic about demand growth, so the oversupply situation in the Asian market is intensifying. According to the Japanese paper industry, China added about 3 million tons of capacity last year, which is equivalent to 60% of Japan's coated paper production.
In addition, in order to meet the Christmas demand at the end of the year, the European and American publishing houses will increase orders to Asian printing companies in the autumn, but due to the European debt crisis, the demand for catalogues and books for gifts from Europe is decreasing. In addition, the popularity of e-books seems to have a negative impact.
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