According to the monitoring of the Commodity Market Analysis System of SunSirs, the prices of softwood pulp and hardwood pulp showed an upward trend last week. On September 8th, the average market price of softwood pulp in the Shandong region was 5,640 RMB/ton, an increase of 3.11% compared to the average price of 5,470 RMB/ton on September 3rd. On September 8th, the average market price of hardwood pulp in the Shandong region was 4,820 RMB/ton, an increase of 3.43% compared to the average price of 4,660 RMB/ton on September 3rd.

By observing market changes, it can be seen that the prices of softwood pulp and hardwood pulp both reported an increase last week. In terms of supply, the increase in the quotation for external pulp in September has supported the domestic wood pulp market, and the circulation of goods in the spot pulp market has eased compared to the previous period. The sample inventory of domestic main ports in this period was 2.022 million tons, a decrease of 4.5% on a weekly basis, ending the two consecutive weeks of accumulated inventory trend.

In terms of demand, as September approaches, orders for the Mid Autumn and National Day holidays are gradually released, which provides favorable support for the demand for raw paper. Part of the downstream demand has increased, and the operating rates of double adhesive paper and coated paper have increased month on month. The utilization rate of domestic paper production capacity has also increased, so the increase in market demand is also one of the factors affecting the rise in wood pulp prices.

In terms of futures, on September 8th, the opening price of the Shanghai Stock Exchange pulp futures SP2401 contract was 5,706 RMB/ton, with the latest price of 5,646 RMB/ton, a daily decrease of 1.71%, a trading volume of 536,600 hands, and a position of 291,587 hands.

SunSirs Wood Pulp Analysts believe that currently, with positive demand in the downstream market, prices are showing an upward trend. However, with the end of the release of double section orders, demand may decline slightly. Coupled with the recent decline in pulp futures prices, the wood pulp spot market may temporarily be on the sidelines, and it is expected that the short-term wood pulp spot price will temporarily run at a high level.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.