The degree of pulp enterprises suffer more than paper and board business.

Cumulative production of pulp business, revenues and profits year-on-year decline in the total amount of all, and the mechanism for a total of paper and paperboard production is still a year-on-year growth in revenues and profits year-on-year decline while the total amount, but the total profit is still positive, showing pulp enterprises have to suffer much higher than the level of the mechanism of paper and paperboard business. From this we determine the proportion of this year from the pulp of the company more profitable than pure plant-based company to less, because if the use of self-pulping, pulp compared to the present in terms of outsourcing does not have the cost advantage, and if from the pulp to reduce the proportion of and increase the proportion of outsourcing pulp, pulp-line amortization of fixed costs will not effectively weaken the company's gross margin paper.

A substantial increase in imports of raw materials.

There are three reasons for this: First, prices of paper to start a turn for the better; the second is the import and domestic pulp slurry to reduce the price gap, the import of pulp slurry on the domestic role of the existence of some alternative; Third, prices of paper hoarding behavior of hunters. Hong Kong January-February to the pulp should be orders of November-December. January-February from the spot price, the paper did not bottom prices, but further down, so do not rule out the first quarter paper prices and the formation of new "expensive" stocks of raw materials.

Bottom repeatedly during the first half, the economy improved in the second half.

Paper industry optimistic about the economy turning point in the second half of the reasons: 1) is May 1 paper industry will be the implementation of the new standards for water pollutants emission limits, will further eliminate backward production capacity, improving the industry in favor of some of the current over-supply imbalance状态. 2) is the industry's 4 trillion of investment is expected to effect in May will begin after the show, as an important industrial raw materials, its macro-economic cycle should be behind, so we determine the second half of the second half of the bottom paper industry the possibility of warmer than Great. 3) the second half of 2008 based on paper is relatively low.