SunSirs: China Wood Pulp Prices slightly Callback, or Short-term Fluctuate

According to the data monitoring of SunSirs, the spot price of wood pulp is still rising and falling in the near future, and the price will drop slightly near the weekend. On March 11, the average price of softwood pulp in Shandong was 7,287.5 RMB/ ton, which was 37.5 RMB/ ton lower than that in the early week (7,325 RMB/ ton on March 7). On March 11, the average market price of hardwood pulp in Shandong was 6,062.5 RMB/ ton, which was 12.5 RMB/ ton higher than that in the early week (March 7, the average market price of hardwood pulp was 6,050 RMB/ ton), an increase of 0.21%.

Through the observation of market changes, last week wood pulp prices still showed a mixed state of rise and fall, but the range of rise and fall gradually stabilized. The market price of pulp futures is basically in the range of 7,100-7,400 RMB/ ton, but the price is still in a relatively high state. The spot price is adjusted with the change of futures price, and the quotation is basically equal to the futures price.

At present, the large-scale purchase of raw materials by paper mills has basically ended. Now the trading atmosphere of the pulp market is relatively stable, and the downstream purchase has basically returned to the state of just purchasing. At present, the inventory of traditional pulp ports such as Qingdao and Changshu has increased slightly compared with that before the Spring festival. In the state of slightly downward demand, the price has decreased slightly.

In terms of futures, on March 11, the opening price of the main contract SP2105 of Shanghai Stock Exchange pulp futures was 7,268 RMB/ ton, and settlement price was 7,250 RMB/ ton on the previous day, with 820,334 transactions and 196,327 positions.

According to SunSirs wood pulp analysts, at present, the price of pulp futures is in a state of high shock finishing, so the price has a callback. The future trend of pulp price is depending on whether there is a new positive trend. It is expected that the short-term pulp price may be in a state of shock finishing in China.

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