Report says China's paper industry growing fast

Jan 31, 2008. /Lesprom Network/. China's papermaking industry has massive potential market, according to the data firm, Research and Markets. Since 2007, with the continuous and rapid increase of the macro economy, the demand for paper and the paper price both show a continuous rise and the demand in Shandong paper market also increases steadily. From January to August of 2007, the Chinese papermaking industry achieved sales revenue of Chinese yuans 380.35 billion (approx. $53 million), up 36.20% year on year; the increase rate of the sales profit kept above 30% and the profitability of the industry increased sharply, says a new report titled "China Papermaking Industry Report, 2007-2008" from Research and Markets. In 2008, the price of raw materials will show different trends. The wood pulp price will fall because of the releasing of newly-increased production capacity; the waste paper price will rise because the growth as the supply slows down but the demand is still strong; most of the paper markets would have an upturn; the market of culture paper and ivory board is still bright; though the supply for newsprint and copperplate paper exceeds the demand, the situation will ease a little; as for the box board base paper, due to the releasing of the production capacity, its supply exceeds its demand and a new round of industry shuffling probably will begin. Research and Markets forecast that, under the current economic background, the paper making industry will become a rapidly growing industry.