As of October 13th, the weekly pulp inventory of Qingdao Port, Changshu Port, Luojing Port, Ningbo Port, Guangzhou Port, and Gaolan Port was 2.6841 million tons, an increase of 65,600 tons from the previous period and a month on month increase of 2.51%.

As of October 13th, the pulp inventory of major ports such as Qingdao Port increased by 65,600 tons to 2.6841 million tons, a month on month increase of 2.51%, indicating increased pressure on the supply side. The accumulation of inventory may lead to an increase in the risk of oversupply in the spot market, which is bearish on prices. At the same time, relevant futures data shows that multiple contract prices have generally fallen (such as the settlement price of the Shanghai Futures Exchange pulp 2511 contract falling by 18 RMB/ton), reflecting the market's strengthened expectation of loose supply and the strengthening of bearish signals.

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