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SunSirs: China Wood Pulp Price Fluctuated Upward and Stabilized in the Short Term
August 06 2021 14:24:26SunSirs(Selena)

According to the data monitoring of SunSirs, the spot price of softwood pulp is in a state of shock and upward recently, and the price of hardwood pulp is slightly downward. On August 5, the average market price of softwood pulp in Shandong was 6,337.5 yuan / ton, an increase of 55 yuan / ton, an increase of 0.88% compared with the average market price of softwood pulp in Shandong at the beginning of the month (the average market price of softwood pulp on August 1 was 6,282.5 yuan / ton). On August 5, the average market price of hardwood pulp in Shandong was 4,750 yuan / ton, down 12.5 yuan / ton or 0.26% compared with the average market price of hardwood pulp in Shandong at the beginning of the month (the average market price of hardwood pulp on August 1 was 4,762.5 yuan / ton).

By observing the market changes, at the beginning of the month, the main force of pulp futures price fell behind the 6,100 yuan / ton mark, but then on August 4, the futures price rebounded strongly after bottoming out, and the disk situation SP09 contract increased by 5.01%. The trend of pulp futures price also drives the spot price of softwood pulp to adjust with the disk shock. The horizontal consolidation operation of hardwood pulp market is mainly just to be purchased, and the price is slightly lower.

In terms of futures, on August 5, the opening price of the main contract of pulp futures SP2109 of the previous stock exchange was 6,342 yuan / ton, the closing price was 6,370 yuan / ton, with 250,725 transactions and 114,011 positions. The opening price of SP2110 contract was 6,268 yuan / ton, the closing price was 6,298 yuan / ton, 48,897 transactions and 85,705 positions.

SunSirs wood pulp analysts believe that in August, the growth rate of arrival volume of pulp in the later stage may be limited. With the arrival of the peak season of the industry, the prosperity of the downstream will rebound, and the market demand for pulp will also increase relatively. It is expected that the price of wood pulp in China will stabilize and fluctuate strongly under the influence of positive results in the short term.

 

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