Coated Virgin Paperboard (200 GSM) Price Trend and Forecast

Coated Virgin Paperboard (200 GSM) Regional Price Overview

Get the latest insights on price movement and trend analysis of Coated Virgin Paperboard (200 GSM) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Coated Virgin Paperboard (200 GSM) Price Trend for the First Half of 2024

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In the first half of 2024 (H1'24), the price trend for Coated Virgin Paperboard (200 GSM) experienced upward pressure due to increased costs of raw materials, transportation, and other operational inputs. The broader paper market in India, including various grades like Coated Virgin Paperboard, faced similar challenges as prices for hardwood pulp and waste paper surged significantly. The monthly average prices (EXW) for Coated Virgin Paperboard (200 GSM)  went from about 878 USD/MT in January '24 to around 947 USD/MT in June '24.
 

Coated Virgin Paperboard (200 GSM) Price Chart

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This rise in input costs prompted major players, including JK Paper, APP, Bindal Papers, and Khanna Paper, to implement price hikes to maintain business sustainability. The escalation in costs was compounded by global factors, such as increased international pulp prices and geopolitical tensions like the Red Sea crisis, which led to higher freight rates and further pressured prices across the paper industry. Consequently, the pricing of Coated Virgin Paperboard (200 GSM) in H1'24 mirrored the overall trend in the paper market, responding to both global and domestic cost pressures to ensure continued market viability and operational stability.

Analyst Insight

According to Procurement Resource, given the current trade uncertainties and geopolitical scenarios, the prices are expected to incline further for Coated Virgin Paperboard (200 GSM).
 

Coated Virgin Paperboard (200 GSM) Price Trend for the Second Half of 2023

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Coated Virgin Paperboard (200 GSM) prices were found to be varying in the Asian markets during the second half of the year 2023. In the Indian market, the monthly average prices inclined marginally from July to the middle of the fourth quarter of 2023.

The inclination was very steady and swift and was primarily owed to the rising inflation in the international markets. However, as the year's end approached, the industrial demand started stagnating; moreover, the inventories were also creating some pressure on the suppliers. This started pushing the price trajectory down again in the latter phase bringing the monthly average value back to 850 USD/MT (EXW) in December as well. Overall, a very mixed and subdued trend was observed for 200 GSM virgin paperboard during the second half of the year 2023.

Analyst Insight

According to Procurement Resource, the Coated Virgin Paperboard (200 GSM) prices are likely to improve and stabilize moving forward as the supply and demand dynamics look to attain more parity.
 

Coated Virgin Paperboard (200 GSM) Price Trend for First Half of 2023

The initial two quarters of 2023 showed weak movements of Coated Virgin Paperboard (200 GSM) prices after a long period of inclined trajectory. The US and European markets of Coated Virgin Paperboard (200 GSM) also struggled with low demand and weak operating rates due to challenging market conditions. The production rates were further adversely affected by the soaring cost of energy production.

Further, the global economic condition also proved to be a challenge for the Coated Virgin Paperboard (200 GSM) sector. The European and Asian currencies depleted in comparison to the US dollar, increasing the challenges for traders. Amid low demand and reduced production rates, some of the manufacturers had to opt for permanently reducing their production capacities, hampering the growth of Coated Virgin Paperboard (200 GSM) prices.

Analyst Insight

According to Procurement Resource, the price of Coated Virgin Paperboard (200 GSM) is estimated to follow a falling trajectory as the demand from the downstream industries is expected to remain feeble.

Procurement Resource provides latest prices of Coated Virgin Paperboard (200 GSM). 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.