Comparison of Price Changes of Corrugated Board in 2020 and 2021
The price changes of corrugated board this year were very similar to those in 2020. In 2021, the price jumped at the end of the first quarter and then plummeted at the beginning of the second quarter, with the price after the fall still exceeding that before the rise. Similarly, the year 2020 saw the highest price of 3,974 yuan/ton in the first quarter and the lowest of 3,011 yuan/ton in the second quarter, a drop of 24.23%, while the highest price in 2021 reached 4,138 yuan/ton for corrugated board in the first quarter, down 11.48% from the lowest of 3,663 yuan/ton in the second quarter. In 2020, the price began to rise in early May and the trend continued until the end of the year (with a brief decline in mid-July). In 2021, the price also began rising in mid-May, but the rate of increase was larger than that of the previous year. In May 2020, corrugated board price rose by 50 yuan per ton, or 1.66%, while in 2021 it rose by about 300 yuan per ton in mid-May, or 9.01%, a significant increase from last year.
Changes of the average price of corrugated board in China