2025 Year-End Paper Industry Price Hike - Major Enterprises Raise Prices
The domestic paper industry in China is witnessing a concentrated price hike wave at the end of 2025. Many renowned pulp and paper enterprises, including Nine Dragons Paper, Sun Paper International, and Asia Symbol (Jiangsu) Pulp & Paper Co., Ltd., have intensively issued price adjustment notices, covering mainstream paper types such as white cardboard, copperboard, food-grade packaging paper, recycled Kraft Linerboard, and high-strength corrugated paper. A new round of price adjustments has been fully launched.
The price adjustment range is concentrated between 50 yuan/ton and 200 yuan/ton, with implementation dates mainly from late November to December 1, 2025. Among them, Nine Dragons Paper, Bohui Paper, and APP (China) Industrial Paper Division will increase the price of relevant products by 200 yuan/ton (tax included) starting from December 1. Sun Paper International has raised the price of all series ofwhite cardboard, copperboard, and food-grade paper by 200 yuan/ton since November 26. Dongguan Jintian Paper took the lead in lifting the price of recycled kraft linerboard and high-strength corrugated paper by 50 yuan/ton on November 21. Enterprises generally stated that the price adjustment aims to ease operational pressure, maintain a healthy market order, and ensure the continuous provision of stable, high-quality products and services to customers.
Behind this price hike wave is the combined driving force of improved supply-demand relations and cost-side factors in the industry. The fourth quarter of 2025 marks the traditional peak consumption season. E-commerce logistics orders during the "Double 11" period drove a 12% month-on-month growth in packaging paper demand. Coupled with limited downward space for pulp prices due to intensive maintenance of overseas pulp mills, the industry's fundamentals have continued to improve. Meanwhile, leading enterprises are strengthening cost control through the "forest-pulp-paper integration" strategy and technological upgrading, as the industry transforms from scale expansion to quality improvement, with initial results achieved in the industry's "anti-involution" efforts.
In response to industry price fluctuations, to ensure that customers' production and operations are not affected, Paperjoy has made advance arrangements for inventory management. Currently, the company has reserved a certain amount of inventory for core products such as food-grade packaging paper and white cardboard, which are available for sale. Relying on a stable supply chain system and refined inventory control capabilities, Paperjoy will provide domestic and foreign customers with stable supply and consistent high-quality products, helping them calmly respond to market changes and reduce the risk of fluctuations in procurement costs.
With the implementation of price adjustments by multiple enterprises in December, the supply-demand pattern of the paper industry will be further optimized. It is expected that the industry's capacity utilization rate will rise to 85% in 2026, marking an inflection point in the profit structure. Paperjoy will continue to monitor industry dynamics and provide global customers with timely market information, customized paper solutions, and stable supply services.
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