The factory price index (PPI) has shown signs of improvement In April

In April, the monthly output of paper and paperboard exceeded 13 million tons again! The factory price index (PPI) has shown signs of improvement

The latest data from the National Bureau of Statistics show that from January to April 2024, the national machine-made paper and cardboard output was 49.72 million tons, a year-on-year increase of 13.9%. In April 2024, the national machine-made paper and cardboard output was 13.189 million tons, a year-on-year increase of 12.6%, and the monthly output decreased by 660,000 tons compared with March.

From the perspective of output indicators, since 2024, the output of paper and paperboard in the papermaking industry has achieved double-digit growth compared with 2023. The industry is in a significant cyclical boom stage on the supply side, but judging from the data of the industrial producer price index (PPI) of the paper and paper wholesale manufacturers, from January 2023 to May 2024, the PPI index has been in 17 consecutive years. If the monthly price is less than 100, it means that the ex-factory price of products in the industry has been experiencing negative growth.

From a cycle perspective, starting from January 2022, the industry's PPI index has been in a downward channel, falling from 104.9 in January 2022 to 94.2 in January 2024, declining for 24 consecutive months. The good news is that after the PPI index dropped to a historical low of 94.2 in January 2024, it has rebounded for four consecutive months and has rebounded to 95.2 in May.