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Wednesday, October 27, 2021

CNBC-AWAAZ EXCLUSIVE- Paper prices rise to 2000-3000 per MT, paper stocks rise strongly

Paper making companies have started increasing the prices of paper. CNBC-Awaaz has received exclusive information that the prices have increased by 10-12%. After which today there is a strong rally in the stocks related to paper. Companies have increased the price of paper by 2000-3000/MT.

According to sources, paper mills have increased the prices for October delivery. Paper prices have been increased by about Rs 2,000 to Rs 3,000 per metric ton. Paper prices have increased by 10-12% in the last one month. Veteran company ITC has also confirmed to increase the price.

According to the information received, the price has been increased due to the increase in the transport cost. On the other hand, the prices have increased due to the cost of coal, waste paper, while the demand for paper has increased due to the opening of schools and offices. Due to the increase in the price of paper, there has been a strong jump in stocks like jk paper, itc, malu paper, west coast paer, seshasayee paper today.

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Giving more details on the reasons behind the rise in paper prices, Yatin Mota of CNBC-Awaaz said that in the last one month, paper companies have started increasing the prices of paper. The main reasons behind this include increasing the prices of paper by the paper mills of China. There, due to rising raw material prices, increasing demand for the product and power shortage, Chinese companies have increased prices, which has also affected Indian companies.

As far as Indian companies are concerned, from September 25 onwards, paper companies have started increasing their prices. The paper divisions of ITC and Century Textiles started increasing the prices of their paper products from last month itself. At the same time, JK Paper also increased its prices.

Yatin further said that companies have increased the prices of all types of paper whether it is paper used for writing, whether it is paper used for printing, even the price of paper used in packaging. has increased.

According to Indian companies, the input cost or cost of the companies has increased due to the increase in the price of raw material used for making paper, various types of chemicals and soda, waste paper, transportation, due to which the companies have increased the prices of paper.

Apart from this, the demand for paper has reached the pre-covid level. Due to the control of COVID, the work in the offices has increased. There the demand for paper has increased. Apart from this, due to the opening of schools, there has been an increase in the production of paper companies, due to which the prices have been increased.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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