SunSirs: Building Material, Wood Pulp Market was Light and Stable
March 12 2020 10:16:45 SunSirs (Selena)
According to the monitoring of SunSirs, As of March 11, the market price of softwood pulp was 4,498 RMB/ ton, and of hardwood pulp was 3,752 RMB/ ton. The spot market of wood pulp was light, and the downstream enterprises started to sluggish.
Port inventory: According to data, as of late February 2020, the wood pulp inventory of Qingdao Port was 1.2 million tons, an increase of 200,000 tons, an increase of 20%, and a year-on-year decrease of 0.8%; the wood pulp inventory of Changshu Port, an increase of 750,000 tons, 160,000 tons, an increase of 27.1%, a year-on-year decrease of 7.1%; Baoding wood pulp inventory of 156,000 tons, an increase of 71,000 tons. The total inventory of the three places was about 2.106 million tons, an increase of 431,000 tons, an increase of 25.7%, and a year-on-year increase of 7.4%.
Industry: On March 10, the hardwood pulp commodity index was 81.58, which was the same as the previou day, which was a decrease of 40.82% from the highest point of the cycle at 137.86 points (2017-11-13) and an increase of 80.60 points from the lowest point on December 25, 2019 Up 1.22%. (Note: the period refers to 2012-11-30 to present)
SunSirs wood pulp analysts believe that, in the short term to continue the situation of destocking, ease inventory pressure.
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