According to the monitoring of SunSirs, as of June 12, the market price of softwood pulp was 4,355 RMB/ ton, and that of hardwood pulp was 3,683 RMB/ ton. At present, China wood pulp market is in stable operation. Up to now, the price of softwood pulp is 1.53% lower than that of the beginning of the year, and that of hardwood pulp is 0.99% lower than that of the beginning of the year.
Priviously, China wood pulp market has been running smoothly and the foreign supply side is relatively stable. Due to the impact of COVID-19, the recovery of the wood pulp market is slow. Compared with the previous week, the stock of wood pulp in major regions and ports in China has increased, while the shipment has declined by 1-2 thousand tons. The stock is running at a high level. In April and may, Brazil and Chile exported more broad-leaved pulp to China, July is a release period. At present, the demand has not been significantly improved and effectively released. In the near future, pulp continues to operate weakly and stably, and COVID-19 is under favorable control, which alleviates the shipping pressure and export demand of China market. However, due to overcapacity in foreign industries and pessimistic attitude of the industry, in 2020, China domestic new production capacity will be less than 1 million tons, and the operating rate will be only 65%. As a result, the enterprises will stop production at any time, and the paper for daily use and for commercial use will be greatly affected. There is a long way to go for de stocking. As time goes by, attention will be paid to the demand for pulp and the export of pulp. At present, the mainstream price of softwood pulp is 4,320-4,550 RMB/Tons, 3,600-3,750 RMB/ ton of hardwood pulp.
Hardwood pulp: on June 11, the commodity index of hardwood pulp was 80.07, which was the same as that of yesterday, setting a new low in the cycle, 41.92% lower than the highest point of 137.86 on November 13, 2017. (Note: cycle refers to 2012-11-30 to now)
Softwood pulp: on June 11, the commodity index of coniferous wood pulp was 89.64, which was the same as that of yesterday, setting a new low in the cycle, 41.07% lower than the highest point of 152.11 on November 8, 2017. (Note: cycle refers to 2013-09-01 till now)
According to the wood pulp analysts of SunSirs, the pulp market will maintain a weak and stable operation in the short term, and continue to pay attention to the demand and export situation.
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