Overview of Spun Yarn Tube Paper
Spun yarn tube paper(or core paper) is a dedicated specialty paper for paper tube manufacturing. In production, jumbo parent rolls are slit and rewound into narrow paper rolls via giấy máy cắt cuộn, which are further processed into ống giấy xoắn ốc bởi máy sản xuất ống giấy xoắn ốc or parallel paper tubes for downstream industrial applications. Spiral paper tube machines rely on high-quality spun yarn tube paper to ensure the structural strength and durability of the produced spiral paper tubes, which are widely used in textile, packaging and other industries.
Market Performance – First Half of April
Sluggish Trading & Dominant Wait-and-See Sentiment
Market trading activity of spun yarn tube paper softened notably in the first half of April, with a strong wait-and-see mood prevailing across the industry.
Terminal downstream demand failed to release effectively, and paper tube manufacturers received insufficient new orders. Bearing a cautious outlook on the future market, buyers only purchased base rigid demand and stayed on the sidelines to track price movements. Most paper mills maintained steady shipment prices, while a small number lowered ex-factory quotes. The overall market stayed stable, yet transaction prices trended down in regional markets.
As tracked by Zhuochuang Information (301299), the domestic average spot price of 200-standard spun yarn tube paper stood at USD500 per ton as of April 16, down 1.20% from early April and up 9.58% year-on-year.
Higher Operating Rate & Rising Inventory Pressure
Paper mills generally kept normal production runs in April, lifting the overall operating rate and pushing inventory pressure higher.
In March, environmental production restrictions in Hebei curtailed operation of partial production lines, supporting steady shipments of local paper mills. In April, production lines resumed full operation successively, bringing both output and operating load rates on a rising track.
By April 16, weekly output of spun yarn tube paper reached 63,800 tons, up 1.56% week-on-week compared with the last week of March; the weekly operating load rate registered 54.14%, rising by 0.83 percentage points. Nevertheless, insufficient demand recovery led to weaker order inflows for paper tube producers. Buyers remained conservative in raw material procurement and only covered rigid needs. Paper mill shipments slowed visibly, driving inventory levels upward.
Rising supply pressure forced some manufacturers to cut ex-factory prices, dragging down regional transaction centers of gravity. As of April 16, inventory of sampled domestic spun yarn tube paper enterprises rose by 2.05% versus end-March, forming a clear oversupply market structure.
Weak Terminal Demand & Bearish Industry Sentiment
The market entered the traditional off-season in early April, with terminal demand remaining subdued.
As of April 16:
- Spandex and nylon filament industries maintained stable operating rates above 80%;
- Acrylic fiber operating rate dropped sharply by 23.90 percentage points month-on-month;
- Agricultural film weekly operating load rate fell 13 percentage points to 37%;
- Cotton yarn operating load rate edged down 0.36 percentage points to 66.07%.
Most paper tube manufacturers reported limited new order volume and held a bearish attitude toward the market outlook. Procurement willingness stayed low with only rigid demand replenishment. Weak terminal demand formed negative market feedback, slowing paper mill shipments and becoming a core driver weighing on paper prices.
Market Outlook – Next One Month
Supply Side: Oversupply Contradiction to Intensify
Current paper mills keep normal production schedules with elevated inventory and adequate spot supply, sustaining an oversupply pattern. To accelerate destocking, some producers are inclined to cut ex-factory prices, which will further lower transaction prices.
Moreover, new spun yarn tube paper production capacity in Shandong is scheduled for commissioning, with an annual capacity of 200,000 tons. The new capacity will add substantial supply pressure, exacerbate the oversupply landscape, and impose persistent negative pressure on market prices.
Demand Side: Limited Demand Release & Weak Support
The market is currently in the traditional low-demand season for spun yarn tube paper. Most paper tube manufacturers face shrinking order intake and hold muted expectations for future market performance. Procurement is confined to basic rigid demand with low purchasing enthusiasm, offering limited upward support to paper prices.
Cost Side: Raw Material Cost Support to Weaken
Waste corrugated board, the key raw material, is currently in tight supply with firm upward price momentum. In late April, reserved stocks from waste packaging stations will be gradually released. After the May Day holiday, waste corrugated board supply is expected to increase noticeably, leading to a price trend of rising first then falling. Consequently, cost-side support for spun yarn tube paper will weaken gradually.
Full Market Summary & Price Forecast
In conclusion, spun yarn tube paper trading turned sluggish in the first half of April, with supply-demand contradictions becoming prominent and regional transaction prices moving lower.
Over the next month, weakening cost support, sluggish terminal demand recovery and incremental new supply will keep the market in an obvious oversupply pattern. The downward price trend is set to become more evident, with the average market price forecast to operate within the range of USD 500 – 600 per ton.
Câu hỏi thường gặp
1.What is spun yarn tube paper and what is its significance in manufacturing?
Spun yarn tube paper is a dedicated specialty paper used in the production of paper tubes, particularly spiral and parallel types, which are essential in textile, packaging, and industrial applications.
2.How is spun yarn tube paper produced for the market?
It is produced by slitting jumbo parent rolls into narrow paper rolls using paper slitting machines, then processed into spiral or parallel paper tubes through spiral paper tube machines or similar equipment.
3.What was the market trend for spun yarn tube paper in the first half of April?
Market trading activity was sluggish, with a prevailing wait-and-see attitude, limited new orders, and prices generally stable or declining regionally.
4.What are the current supply and demand dynamics affecting spun yarn tube paper prices?
The market faces an oversupply situation due to high production and inventory levels, with demand remaining weak and only rigid needs being covered, leading to downward price pressure.
5.What is the outlook for spun yarn tube paper prices in the upcoming month?
Prices are expected to decline further due to ongoing oversupply, limited demand recovery, and weakening raw material cost support, with an estimated range of USD 500–600 per ton.
