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SunSirs: Building Material, the Recovery of Domestic Wood Pulp Demand is not as Expected

May 21 2020 10:41:15     SunSirs (Selena)

According to the monitoring of SunSirs, as of May 20, the market price of softwood pulp was 4,594 RMB/ ton, and that of hardwood pulp was 3,783 RMB/ ton. At present, the domestic wood pulp market is in a weak position. Compared with the same period last week, the price of softwood pulp is down 0.56%, that of hardwood pulp is down 0.68%, compared with the same period last year, softwood pulp decreased by 22.2%, hardwood pulp decreased by 22.2%.

Product area: the domestic wood pulp market is light and stable. At present, COVID-19 has a huge negative impact on the finished paper and downstream end market. Some paper mills are shut down and limited in production. As the demand for pulp is reduced, the pulp market cannot be boosted, and the actual transaction price is down. The market of softwood pulp in Jiangsu, Zhejiang and Shanghai is stable, and the main price of softwood pulp is in 4,400-4,500 RMB/ ton, Silver Star 4,400 RMB/ ton, Nannansong 4,450 RMB/ ton, Kailipu 4,700 RMB/ ton, Beimu 5,000 RMB/ ton.

Deman: the domestic resumption of schooling is not as expected, there is no demand for cultural paper, and the wood pulp price is difficult to turn around. At present, China's demand for wood pulp is insufficient, most producers are not active, and they are likely to stop production at any time. The stock of finished paper has not been effectively released, and there is still pressure on the stock.

Import and export: according to the statistics of the General Administration of Customs of China, the import of China's wood pulp in 2019 was 27.2 million tons, with a cumulative growth of 9.7%. As of February 2020, the import of China's wood pulp was 4.689 million tons, an increase of 830,000 tons compared with the same period last year, with a cumulative growth of 21.4%.

Industry: hardwood pulp: on May 19, the commodity index of hardwood pulp was 82.24, which was the same as yesterday, 40.35% lower than the highest point 137.86 (2017-11-13), and 2.03% higher than the lowest point 80.60 on December 25, 2019. (Note: cycle refers to 2012-11-30 to now)

Softwood pulp: on May 19, the commodity index of coniferous wood pulp was 94.56, flat with that of yesterday, 37.83% lower than the highest point 152.11 (2017-11-08), and 4.71% higher than the lowest point 90.31 on December 16, 2019. (Note: cycle refers to 2013-09-01 till now)

Wood pulp analysts believe that the domestic wood pulp market is weak and stable in the short term.

 

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