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SunSirs: China Wood pulp Price Rose and Fell in October, Short-term Fluctuated

November 03 2020 09:04:03     SunSirs (Selena)

According to SunSirs data monitoring: in October, the wood pulp price showed a trend of rising and falling, and the price fluctuated continuously. On October 29, the average price of softwood pulp in Shandong was 4,625 RMB/ ton, which was reduced 37.5 RMB/ ton or 0.8% compared with the average price of 4,662.5 RMB/ ton on October 1 in Shandong. However, the average market price of hardwood pulp in Shandong on October 29 was 3,575 RMB/ ton, which was reduced 100 RMB/ ton or 2.72% compared with the average price of 3,675 RMB/ ton on October 1.

According to the observation of market changes, after the end of the double festival in October, the market as a whole is in a rebound state, and the wood pulp price also rebounds. Due to the obvious downward trend of wood pulp price at the end of September, the capital gradually returned after the festival, and the wood pulp price began to rise steadily. In mid October, with the rise of pulp futures prices, wood pulp spot prices also rose. But near the end of October, the price of wood pulp turned sharp downward, showing a downward trend.

The early rise of wood pulp spot price is due to the high operation of the downstream white card market, the continuous issuance of price increase letters for coated paper and cultural paper, and the market has entered the traditional consumption peak season, with the continuous release of market demand and significant improvement of market vitality. However, with the arrival of the end of October, the domestic main port has relatively increased the quantity of goods, the supply of goods is sufficient, and the pressure on traders to ship goods increases. In order to increase the shipment, traders have lowered the prices one after another. In addition, with the continuous decline of pulp futures price, the spot market price is under pressure. At present, the reference quotation range of softwood pulp is: Yinxing 4,600-4,650 RMB/ ton, and the price range of hardwood pulp is 3,550-3,600 RMB/ ton.

In terms of futures, on October 29, the opening price of SP2012 main contract of Shanghai Futures Exchange was 4,568 RMB/ ton, and settlement price of the previous day was 4,602 RMB/ ton, with 56,015 transactions and 107,690 positions.

SunSirs Wood pulp analysts believe that at present, wood pulp prices are still relatively high under the influence of sales peak season, but affected by the global epidemic, the demand side changes rapidly, and market uncertainty factors increase, but the external pulp price is still in an upward trend. It is expected that the decline of China wood pulp spot price in the short term may slow down and be in a state of fluctuation.

 

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