2021:

2020 is an extraordinary year. Now it is finally over. From beginning of 2021, thermal paper price is increasing month by month. According to the announcement for March, price has been increased by up to 15%.

In April, it’s announced that the price will increase 10% again.

Why:

Since November of 2020, the prices of softwood pulp and hardwood pulp have shown an upward trend, and international wood pulp manufacturers continue to increase their prices substantially.

In terms of transportation, due to the impact of COVID-19, the outflow of containers cannot be returned, which has led to the current tight supply of containers, rising prices, and greatly increasing the cost of maritime transportation.

Another reason: After the outbreak of the epidemic, countries have adopted quantitative easing economic stimulus policies and continued to print more money. If the amount of currency actually issued exceeds the actual value of the commodity, it will cause inflation (currency depreciation and price increase). Invisible, the price of commodities rises, and the value of currency falls. The over-issued currency of central banks will inevitably lead to an increase in raw material prices. Since it takes a certain amount of time for the super-issued currency to circulate to the market and reach the terminal, the price of raw materials only began to rise in the second half of last year, and the price of terminal commodities did not start to rise until the end of the year. This is due to the timeliness of price transmission.

Resources:https://www.hikingpaper.com/thermal-paper-price-increase/