Paper price storm hits, multiple companies announce price increases

Recently, due to the continuous rise in raw material prices, many paper and packaging companies are facing unprecedented cost pressures. In order to address this challenge, ensure the continuous stability of production and operation, and continue to provide customers with high-quality products, multiple companies have announced price adjustments for their products. The following is an overview of price increase notices from some companies.

Zhejiang Jinlong Recycling Resources Technology Co., Ltd./Zhejiang Jinli Environmental Protection Paper Co., Ltd.: Starting from October 15, 2024, the sales price of our company's recycled kraft paper/high-strength corrugated paper will be increased by 30 yuan/ton based on the current sales price.

Zhejiang Jinlong Recycling Resources Technology Co., Ltd.: In order to further alleviate the cost pressure caused by high raw material prices, we hereby inform you of our price adjustment as follows: Based on the current sales price, starting from October 15, 2024, the sales price of our company's recycled kraft paper/high-strength corrugated paper will be increased by 30 yuan/ton.

Quanzhou Guanxing Environmental Protection Technology Co., Ltd.: Due to the increase in raw material prices, the production cost of our products has risen. Therefore, our company has decided to increase the price of our products by 3% on the basis of the original price starting from the order at 18:00 on October 9, 2024 (see the quotation for details). Please contact the business manager for relevant matters.

Julong (Fujian) Packaging Co., Ltd.: Due to the increase in raw material prices, the production cost of our products has risen. After company research, it has been decided that starting from the order at 17:00 on October 9, 2024, the price of our products will be increased by 3% on the basis of the original price (see the new price list for details). Please contact the business manager for relevant matters.

Shandong Century Sunshine Paper Industry Group Co., Ltd.: Due to the current high prices of bulk materials and other raw materials, our production costs have remained high, leading to increasing pressure on production and operation. Although we have taken various measures to reduce consumption, we still cannot alleviate the huge pressure caused by costs. In order to continuously and stably provide high-quality products to our customers, the company has decided to increase the price of our coated white faced kraft paper and white faced kraft paper products by 50 yuan/ton on the original price basis from October 9, 2024.

Fujian Hexin Packaging Co., Ltd.: Due to the increase in raw material prices, our production costs have increased. In order to ensure the provision of continuous and stable high-quality products to your company, we have made the following adjustments to the cardboard selling price: