SunSirs: China Wood Pulp Price Shocks Downward, or May be Weak in the Short Term
June 09 2021 10:21:30 SunSirs (Selena)
According to the data monitoring of SunSirs, the spot price of wood pulp continued to fall last week. On June 4, the average market price of softwood pulp in Shandong was 6,350 RMB/ ton, which was 250 RMB/ ton lower than that in the beginning of the week (the average market price of softwood pulp on May 30 was 6,600 RMB/ ton), a decrease of 3.79%. On June 4, the average market price of hardwood pulp in Shandong was 5,030 RMB/ ton, which was 45 RMB/ ton lower than that in the beginning of the week (5,075 RMB/ ton on May 30).
Through the observation of market changes, the spot price of wood pulp was still in a state of continuous make-up drop last week, and the market demand was relatively stable, basically in the just need to buy. In addition, the recent pulp futures prices showed weak volatility, which also made the spot price of wood pulp adjust with the volatility of futures prices. Due to the weak performance of the downstream base paper market, there was no obvious fluctuation in the white cardboard and coated paper markets, and the downstream purchasing continued the rigid demand strategy.
According to SunSirs wood pulp analysts, with the gradual improvement of market sentiment and the sharp fall of early price, the pulp futures price has a short-term rebound trend, but the market demand is still general. It is expected that the short-term wood pulp market trading will continue to be stable, and the price may be weak to maintain stability.
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