The escalating crisis in the Middle East may lead to a delay of several weeks in the transportation time of Finnish pulp and other forestry products to Asia. At the same time, freight rates may rise and container supply may become increasingly unstable.
The escalation of the Middle East crisis has caused the transportation time of Finnish pulp and other products to Asia to be extended by several weeks, while freight rates may rise and container supply may be unstable, which will increase the supply risk and import cost of pulp and push up spot prices. Based on recent data on pulp futures (such as the settlement price of the main contract 2605 at 5,266 RMB/ton, up 30 RMB), the market has shown an upward trend. This event may further strengthen the expectation of tight supply and boost futures prices.
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