According to the monitoring of the commodity market analysis system of SunSirs, softwood pulp first rose and then fell last week, while hardwood pulp showed an upward trend. On August 4th, the average market price of softwood pulp in the Shandong region was 5,480 RMB/ton, an increase of 0.92% compared to the average price of 5,430 RMB/ton on July 30th. On August 4th, the average market price of hardwood pulp in the Shandong region was 4,520 RMB/ton, an increase of 1.57% compared to the average price of 4,450 RMB/ton on July 30th.

By observing market changes, it can be seen that the overall prices of softwood pulp and hardwood pulp showed an upward trend last week. Recently, the prices of various pulp varieties in the external market have increased, leading to a shift in the supply market mentality and a short-term trend of strong prices. At present, under the upward trend of futures prices, the pressure of higher prices has increased, but the volume of transactions in the spot market is not significant, making high price transactions limited.

In August, the paper industry entered a turning point of decline and prosperity, with relatively average market demand. The operating rates of downstream household paper and coated paper both decreased, but the trading volume of the double adhesive paper market increased. In addition, external market inflation and exchange rate fluctuations have supported the spot market, and the price of wood pulp remains at a high level.

In terms of futures, on August 4th, the opening price of the SP2309 pulp futures contract on the Shanghai Futures Exchange was 5,380 RMB/ton, with the latest price of 5,330 RMB/ton, a daily decrease of 1.3%. The transaction volume was 446,500, and the position was 197,526.

The prices of downstream white cardboard and gray background white cardboard have remained stable. On August 4th, the average market price of 230g-400g white cardboard was 4,640 RMB/ton, while on August 4th, the average market price of 250g gray background white cardboard was 4,165.67 RMB/ton. This week, the prices of white cardboard and gray background white board continued to hover at low levels, and the production of new production capacity for white cardboard continued to increase. Demand continued to fall during the off-season, and the payment cycle entered in the late part of the year. The focus of market transactions is under downward pressure. The enthusiasm for the construction of the whiteboard paper factory is not high, and it is in the traditional off-season. Downstream procurement is cautious, and the increase in new orders is limited. At present, the supply pressure in the white cardboard and whiteboard markets is high, and paper mills are under pressure to ship, making it difficult to alleviate the supply-demand contradiction.

SunSirs Wood Pulp Analysts believe that the current supply of softwood pulp is stable, and prices fluctuate more frequently due to the fluctuations in pulp futures market prices. However, the import supply of hardwood pulp is tight, and with domestic production not fully recovered, prices are expected to continue to fluctuate in the short term.

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