Coated Paperboard (JK Paper) Price Trend and Forecast

Coated Paperboard (JK Paper) Regional Price Overview

Get the latest insights on price movement and trend analysis of Coated Paperboard (JK paper) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Coated Paperboard (JK Paper) Price Trend for the First Year of 2024

In the first half of 2024, the price trend for Coated Paperboard (JK Paper) was influenced by broader market dynamics affecting the Indian paper industry. Despite an 8.4% increase in revenue, JK Paper faced a significant decline in net profit due to a drop in market prices and rising costs, particularly for wood. This adverse price environment impacted all segments, including Coated Paperboard, which is a key product in the company's portfolio.
 

Coated Paperboard (JK Paper) Price Chart

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The overall market for paper in India has been pressured by global economic uncertainties and fluctuating demand patterns, directly affecting the pricing of Coated Paperboard, which relies on similar market conditions. The decline in prices was partly due to oversupply and weak demand, mirroring challenges seen across various paper grades. However, JK Paper's strategic focus on increasing sales volume in its packaging board segment, driven by higher utilization rates, suggests an effort to counterbalance these price pressures and stabilize its market position.

Analyst Insight

According to Procurement Resource, the Coated Paperboard (JK Paper) market is primarily being driven by its downstream demands; therefore, any fluctuations in overall demand and input costs will directly impact JK Paper's pricing strategy for Coated Paperboard in the coming months.
 

Coated Paperboard (JK Paper) Price Trend for the Second Half of 2023

In the second half of 2023, the price trend for Coated Paperboard produced by JK Paper stabilized, aligning with broader market dynamics in the Indian paper industry. As anticipated, a balance between demand and supply in Q3 and Q4 contributed to this stability across all segments, including the Coated Paperboard. The implementation of the National Education Policy (NEP) 2020 and a gradual rebound in the publishing sector helped boost demand, positively impacting both writing, printing paper, and Coated Paperboard products.

However, increased global pulp production and resulting lower pulp prices led to a rise in imports, which pressured domestic prices. JK Paper's strategy of optimizing capacity utilization and expanding market penetration through digital demand sensing and Quick Service Centres helped mitigate some of these challenges. The interconnected nature of the paper market, where shifts in demand and input costs affect pricing across all grades, meant that Coated Paperboard prices closely followed overall market trends, balancing increased domestic demand against the pressures of global supply dynamics.

Analyst Insight

According to Procurement Resource, considering the rapid accumulation of excess inventory stocks, the markets are expected to be pressured by oversupply in the coming months. The situation looks challenging.
 

Coated Paperboard (JK paper) Price Trend for First Half of 2023

In the first and second quarters of 2023, the price trend of coated paperboard (JK paper) faced several challenges. The demand for coated paperboard (JK paper) slowed down in both the domestic and international markets after a long struggle with inflation, reduced interest of consumers, their lower appetite in the sector, and high costs of production.

The rates of production of coated paperboard (JK paper) remained high even amid low demand in India, which eventually led to a rise in the level of inventories, pushing the price trend of coated paperboard (JK paper) towards the negative direction.

In addition to this, the Indian government imposed several sanctions on imports from China and other exporting industries to promote domestic trade, further affecting the global trading sentiments and, in turn, the prices of coated paperboard (JK paper) in the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Coated Paperboard (JK paper) is estimated to witness an oscillating trajectory as the demand and trading sentiments in the Indian markets seem weak.

Procurement Resource provides latest prices of Coated Paperboard (JK Paper). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.