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随着传统旺季的临近,造纸行业毛利率水平环比将会小幅增加。但供需关系改善是行业能否持续向好的根本动力,在今明两年较多的新产能投放面前,行业供过于求的格局不会发生逆转。尽管第四季度行业盈利状况有所改善,但未来持续性存疑。
With the approaching of the traditional peak season, the gross profit margin of the paper industry will increase slightly. However, the improvement of the supply-demand relationship is the fundamental driving force for the industry’s sustainability. In the face of more new capacity launches in the next two years, there will be no reversal in the industry’s pattern of oversupply. Despite the improvement in the fourth quarter industry profitability, but the future continued doubt.