Market situation: the closing price of SP2009 contract futures is 4,404, which is +0.27% compared with the previous trading day; the trading volume is 48,647 hands, and the position is 109,189; the basis is 74.

Market quotation: Silver Star 4,330 RMB/ ton, Nanfangsong 4,300 RMB/ ton, Ma Pai 4,500 RMB/ ton, Moon 4,500 RMB/ ton, Beimu 5,050 RMB/ ton.

External quotation: Arauco company announced the contract price in June, the softwood pulp Silver star decreased by $30/ ton, the contract surface price was $570/ ton, the natural color pulp Gold Star decreased by $10/ ton, the contract surface price was $580/ ton, and the hardwood pulp was significantly flat by $475/ ton. The price of imported pulp began to decrease.

Stock warehouse receipt: wood pulp warehouse receipt 95,049 tons, -241.

Summary: in the first ten days of June, the stock of wood pulp in Qingdao port was about 560,000 tons, that in Changshu port was about 740,000 tons, that in Gaolan Port was about 110,000 tons, in total, the three ports increased by 50,000 tons compared with the end of May. In terms of demand, the demand for cultural paper improved on a month on month basis, but there was still a large gap compared with the same period last year; the demand for box board paper was boosted by the listing of fruits and vegetables in summer. As for the external situation, the price of the external wood pulp in June has been reduced by $10-30/ ton. The U.S. dollar exchange rate remained at 7.1, which depressed the import enthusiasm of traders. Approaching the traditional off-season of the paper industry in July and August, the stock of paper enterprises may be reduced, and it is expected that the bottom will fluctuate.

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