On March 11th, the domestic waste paper market has continued to rise recently. On March 7th alone, more than 70 paper companies raised their waste paper recycling prices, with an increase of 20 yuan/ton to 60 yuan/ton. During a recent visit to several waste paper purchasing companies in Shandong, reporters noticed that many recycling stations were relatively deserted. Mr. Zhou, the head of a waste paper recycling enterprise in Jinan, told reporters that in the first two months of this year, domestic waste paper prices continued to decline. As a result, the willingness of enterprises to recycle waste paper is also relatively low. Due to the continuous reduction in domestic waste paper supply, especially after entering March, the market supply has further decreased, and a group of paper companies have gradually increased the price of waste paper recycling. (Securities Daily)
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