SunSirs: China Wood Pulp Fluctuates Downward and may Continue to be Weak in the Short Term
September 03 2021 15:16:09 SunSirs (Selena)
Price: softwood pulp: 6,235 RMB/ ton, hardwood pulp: 4,675 RMB/ ton
The pulp futures price has shown a shock downward trend recently, which makes the spot price of wood pulp follow the downward trend. Due to the poor terminal demand, the cost support of pulp price becomes weaker. At present, the new orders in the downstream are limited and the overall shipment is general. In addition, the Mid Autumn Festival orders are coming to an end, the downstream secondary plant has just returned to the state of replenishment, the market trading is limited, and the actual demand for pulp is weak, which depresses the pulp price.
At present, the demand side is good, the support is insufficient, and the market enthusiasm for replenishment is not high. Most of them focus on cautious procurement, and the pulp price in China is expected to continue to be weak.
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