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SunSirs: The Price of Wood Pulp still Showed a Downward Trend in June
June 30 2021 10:47:59SunSirs(Selena)

According to the data monitoring of SunSirs, the prices of softwood pulp and hardwood pulp still showed a downward trend in June 2021. Although there was a periodic increase during this period, the overall price still showed a downward trend. The average market price of softwood pulp in Shandong Province on June 29 was 6,300 RMB/ ton, which was 187.5 RMB/ ton lower than that of softwood pulp in Shandong Province at the beginning of June (the average market price of softwood pulp on June 1 was 6,487.5 RMB/ ton), a decrease of 2.89%. The average market price of hardwood pulp in Shandong on June 29 was 4,925 RMB/ ton, which was 142.5 RMB/ ton lower than that in Shandong at the beginning of June (5,067.5 RMB/ ton on June 1), a decrease of 2.81%.

Through the observation of market changes, the spot price of wood pulp is still in a state of continuous make-up drop in June, the performance of the downstream base paper market is weak, there is no obvious fluctuation in the white cardboard and coated paper markets, and the downstream purchasing still continues the rigid demand strategy. At the beginning of the month, the price of pulp futures fluctuated weakly, which also made the spot price of wood pulp adjust with the fluctuation of futures price. Then, near the middle of June, the pulp futures price made another effort after several days of silence, and now it is in the downward finishing state, which also leads to the downward trend of the spot price of wood pulp. In the second quarter, the downstream paper products entered the off-season of consumption, the price rise of external quotation slowed down and the pressure of national policy increased, all of which made the price of wood pulp under pressure.

In terms of futures, on June 29, the opening price of the main contract SP2109 of Shanghai Stock Exchange pulp futures was 6,158 RMB/ ton, and settlement price of the previous day was 6,092 RMB/ ton, with 243,363 transactions and 148,177 positions. SP2107 recently opened at 6,240 RMB/ ton, settled at 6,192 RMB/ ton on the previous day, with 5,641 transactions and 16,377 positions.

SunSirs wood pulp analysts believe that at present, there are some short-term factors to drive the rebound of pulp, but there is no long-term positive momentum. The spot price of wood pulp is basically adjusted by the trend of pulp futures price, and it is expected that the short-term price of wood pulp is still weak in China.

 

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