According to SunSirs data: last week, the spot prices of softwood pulp and hardwood pulp were in a state of rise and fall. On July 8, the average market price of softwood pulp in Shandong was 6,337.5 RMB/ ton, which was 37.5 RMB/ ton higher than that at the beginning of the month (the average market price of softwood pulp on July 1 was 6,300 RMB/ ton), up 0.6%. On July 8, the average market price of hardwood pulp in Shandong was 4,875 RMB/ ton, which was 50 RMB/ ton lower than that in early July (4,925 RMB/ ton on July 1), a decrease of 1.02%.

Through the observation of market changes, the prices of softwood pulp and hardwood pulp rose and fell last week. With the bottom rebound of pulp futures price on July 8, the spot price of softwood pulp market rebounded, making the price of softwood pulp rise slightly. The market demand of hardwood pulp was stable, and the price was slightly reduced to increase the shipment. Due to the recent pulp futures price has been in 6200 saw obvious, price around this range back and forth, which makes the spot price of wood pulp has also been following the shock adjustment.

In recent months, due to the impact of economic recovery and loose market liquidity, pulp stock replenishment is expected to be strong, combined with the continuous shortage of shipping capacity, the supply expectation of overseas pulp mills has changed, which makes the pulp futures price rebound in the short term. However, in the near future, most of the short-term commodities follow the decline of crude oil, and most of the bulk commodities are under pressure.

In terms of futures, on July 8, the opening price of the main contract SP2109 of Shanghai Stock Exchange pulp futures was 6,208 RMB/ ton, and yesterday's settlement price was 6,140 RMB/ ton, with 372,789 transactions and 165,589 positions. SP2108 contract opening price 6,306 RMB/ ton, the settlement price of the previous day was 6,192 RMB/ ton, 11,390 transactions, 21,544 positions.

SunSirs wood pulp analysts believe that the current spot price of wood pulp basically follows the fluctuation adjustment of pulp futures price. Although the recent price has an upward trend, the downstream base paper market is still weak, and the rise of pulp price may lack momentum. It is expected that the short-term wood pulp price may continue to narrow in China.

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