The paper market is light, and I look forward to the first quarter of next year. Vintage Mirror Frame,Vintage Style Mirrors,Vintage Wall Mirror,Vintage Hand Mirror ZHEJIANG NEW WOOD MATERIAL TECHNOLOGY CO.,LTD , https://www.newmaterialfurniture.com
This week, the price of household paper fell steadily, and some manufacturers in Jiangxi, Guangdong and Hebei cut their prices. The market reflects that the current downstream purchase intention is low, and the trading is slightly deserted. We believe that in the case of paper mills maintaining low operating rates and lower inventory than in the previous period, manufacturers' promotional rebates and other activities are gradually decreasing, reflecting the changes in the mentality of the industry and the subtle changes in market supply and demand. As the holidays approach, downstream demand is expected to improve, and the tissue market will also pick up. Give the consumer paper industry a "buy" rating, H shares recommend Hengan International , Vinda International , A shares recommended Zhongshun Jierou .
In November, the BHI index fell back and continued to be optimistic about the custom furniture market.
The BHI index for November was 110.14, down 15.47% from the previous month and down 0.04% from the same period last year. The fall in the index is consistent with the market environment of our grassroots research, reflecting the fact that the early real estate release and home store sales have come to an end. We believe that the probability of real estate regulation continues to strengthen, housing demand is expected to be further released, and the prosperity of the furniture market will continue to increase. Customized furniture mainly faces the marriage crowd. Personalized customization meets the consumer taste of young people. The performance is stronger than the overall furniture industry, giving Sophia a “buy†rating to the custom wardrobe industry .
The downstream textile industry demand has improved moderately, and the price of dissolving pulp products continues to fall.
This week, the prices of dissolving pulp-related products continued to fall, with a range of nearly 5%. Domestic cotton pulp and lint prices remained low and fluctuated. In terms of downstream demand, although the data of the textile industry in November has improved compared with the previous period, the price of dissolving pulp has not stabilized, and the trend remains to be seen. We believe that the industry is hard to see in the short term, and the timing of investment has not yet arrived. We will not recommend the relevant listed companies for the time being.
The downstream demand of the packaging industry is growing steadily, optimistic about the low valuation of consumer goods packaging
This week, the price of paper packaging materials was basically stable, and the prices of plastic packaging materials fluctuated slightly. According to November data, the growth rate of products in the downstream market has accelerated, with the growth of food and beverage and daily chemical products being the most stable. Considering the stability of business management, we recommend Yongxin and Hexing Packaging.
risk warning
The economic growth rate exceeded expectations and the wood pulp and packaging materials exceeded expectations.