As of January 4, 2026, the inventory of Chinese pulp at Changshu Port was 548,000 tons, an increase of 80,000 tons from the previous period and a month on month increase of 17.1%. This week, Changshu Port's inventory showed a trend of accumulating inventory.

The article shows that the pulp inventory of Changshu Port in China increased by 17.1% month on month to 548,000 tons, showing a trend of accumulating inventory, indicating an increase in supply surplus pressure and a significant downward risk to spot prices, which may suppress buyers' purchasing willingness and lower market prices. In terms of the futures market, combined with the data of the main contract 2605 (holding 220,737 lots, closing price of 5,612 RMB/ton), the news of increased inventory may exacerbate market selling sentiment, leading to pressure on futures prices, especially affecting the liquidity of contracts in the near future.

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