SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Hardwood pulp News > News Detail
Hardwood pulp News
SunSirs: Wood Pulp Spot Price down narrowly with Short Term Fluctuation Adjustment
October 21 2019 14:25:12SunSirs(Selena)

According to the data monitoring of SunSirs, last week (10.14-10.18), the wood pulp spot market was affected by oversupply, and the overall price showed a slight downward trend. On October 18, the average market price of softwood pulp in Shandong was 4,537.50 RMB/ ton, down 0.82% compared with that at the beginning of the week. On October 18, the average market price of hardwood pulp in Shandong was 3,875.00 RMB/ ton, down 1.59% compared with that at the beginning of the week.

According to the observation of market changes, after the National Day holiday, the spot market price of wood pulp began to show a downward trend. The downward trend of the price was caused by the slow rise of inventory after the holiday, while the picking up of raw materials by downstream paper mills was not fully recovered. So far, the supply and demand situation of the spot market has not changed significantly. The transaction situation in the market is general, and the purchase of raw materials is still in the state of rigid demand. At present, the stock of softwood pulp and hardwood pulp market has been at a high level, so high stock corresponds to low price. Only when the stock drops by a certain extent, the price may rise sharply. Although the foreign pulp factories are in the state of production reduction, but the domestic stock has not been quickly digested. This leads to a narrow downward trend in prices.

In terms of futures, on October 18, the opening price of the pulp futures sp2001 main contract of Shanghai Stock Exchange was 4,598 RMB/ ton, and the settlement reference price was 4,614 RMB/ ton. The day before, the settlement price was 4,602 RMB/ ton, with 117192 transactions and 275728 positions.

According to the wood pulp analysts of SunSirs, although the maintenance of foreign pulp mills may play a supporting role in the new round of quotation, the short-term impact on the spot price may be limited. If the import volume does not shrink significantly in the later period of the year and the inventory reduction is slow, the wood pulp price may not rise significantly. It is expected that the spot price of wood pulp will be adjusted in combination with the narrow fluctuation of pulp futures price in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products