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Paper price increases slowed in the fourth quarter, gross margin is expected to tons of paper will be stabilized. Following the third quarter of 2009, three dominant species of paper price increases, the November part of the leading edge of paper types such as the company once again raise prices of white card, will further consolidate the results of the fourth quarter of substantial growth in the chain of more than 50% of the expected. This increase is consistent but weak firms, and downstream of the local conflict is expected to dominant species of tons of paper, paper profits have reached the high stage, the future will be more stable. National Bureau of Statistics latest figures also show a high degree of industry boom 9-November to further improve gross margin to 14.86%, Sell Revenue growth of 14.61 percent year on year significant profit growth of 64.13 percent over the previous year significantly. Raw materials, the general trend: the import price and import of waste paper pulp price of EADS were mixed this month. On the first half of the RMB against the major pulp producing countries presents major currencies to appreciate, to some extent last week, after the depreciation of the week in general continue to fall. Main brands imported wood pulp price (RMB) rose 3.13% monthly chain. This month due to rising ocean freight, supply is tight and the impact of traders reluctant sellers, and other reasons, the U.S. spent, Europe and Japan spent the major labels waste paper prices rise significantly months, respectively, 8.29%, 6.42% and 11.34%. Production: total production of paper products has grown significantly over the previous year, total pulp production fell year on year. Paper output growth since 2009, after the first plunge with demand pick up and upgrade, the first 11 months total output of 8,467 tons of paper products, the cumulative growth rate of the first 10 months by a further 8.61% to 10.11%; pulp before the November pulp production was 175.6 million tons, fell down to 8.12% (the first 10 months was -10.34%), indicating that the domestic pulp mill operating rates are gradually restored. Paper imports are slowing down and decrease the amount of pulp imports significantly increase the amount of decrease slowed down; dominant species of paper exports increased rapidly, slow decline in imports. Paper products imported before the November number and amount of cumulative decline further reduced to -9.12% and -14.57%; pulp imports in November look at the cumulative growth rate of sub-species of paper, coated paper exports from April to July over the previous year monthly growth rate of both more than 50% growth in November slowed to 12.12%; for a low base last year, Shuangjiao, white paper in November export growth were as high as 43.20% and 77.43%. Industry potential risk factors: the international pulp price by supply and demand and exchange rate fluctuations affect the rate of increase is difficult to accurately may result in lower than expected gross ton of paper. Sector investment logic, ratings and stock recommendations. Main line in 2010 was the dominant species of paper capacity expansion, new projects and choose the dominant species and relatively original paper size of a large expansion of the underlying investment companies. On maintaining a "neutral" rating. Performance by the 2010 valuation, Papermaking Recommend Bo paper industry, Sun Paper and Chenming Paper (01812.HK). Other light we are still optimistic about Hop Hing Package Long-term growth. I am an expert from fiber-optic-media-converter.com, while we provides the quality product, such as Fiber Optic Adapters Manufacturer , China Plastic Optical Fiber, Fiber Optic Switches,and more.
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