According to the monitoring of the commodity market analysis system of SunSirs, the price of coniferous pulp slightly decreased this week, while the price of hardwood pulp remained stable. On February 13, 2026, the average market price of softwood pulp in Shandong Province was 5,350 RMB/ton, a decrease of 0.62% compared to the average price on February 8. On February 13th, the average market price of hardwood pulp in Shandong Province was 4,600 RMB/ton, which remained stable compared to the average price on February 8th.

Supply side: As the Spring Festival holiday approaches, logistics and market activities are basically coming to an end, and domestic port inventory pressure is not decreasing, at a mid to high level this year. Customs data shows that the import quantity of bleached needle pulp in December 2025 was 778,000 tons, an increase of 7.3% month on month and 5.3% year-on-year. The cumulative import volume for the whole year was 8.625 million tons, an increase of 3.6% year-on-year, so the supply is under pressure.

In terms of demand, the current market has entered a holiday mode, with average trading sentiment in the spot market and the basic end of downstream procurement activities. The pulp price remains narrow and stable at a low level, and industry players generally adopt a wait-and-see attitude. The price market is in a state of consolidation with prices but no market.

In terms of futures: In terms of futures, pulp futures prices fluctuated this week. As of February 13, 2026, the opening price of the main contract for pulp futures on the Shanghai Futures Exchange was 5,226 RMB/ton, the closing price was 5,260 RMB/ton, the highest price was 5,266 RMB/ton, the trading volume was 164,300 lots, and the position was 269,664 lots.

The wood pulp analyst from SunSirs believes that the current market trading activity is light and the market is in a state of silence. The market presents a pattern of weak supply and demand, with prices but no market. It is expected that the short-term price of wood pulp will stabilize and operate within the range.

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