Price

On March 11, the market price of softwood pulp was 7,266 RMB/ton, and the market price of hardwood pulp was 6,130 RMB/ton.

Analysis review

A Recently, the spot price of wood pulp has continued to rise, and the price of pulp futures has fluctuated downward at a high level. In the situation of the disk, the opening price of the sp2205 contract was 7,300 RMB/ton, and the closing price was 7,222 RMB/ton, a daily decrease of 0.88%.

Internationally, the United Arab Emirates said it was committed to fulfilling the OPEC+ supply agreement, crude oil and industrial products both plunged, and pulp was also affected and adjusted.

Domestically, the spot supply of pulp is still relatively limited, and the downstream is more on the sidelines of high spot prices, maintaining just-needed purchases, and the tight supply side still supports the pulp market.

Market outlook

At present, due to the progress of the negotiations between Russia and Ukraine, crude oil has plummeted recently, which has led to a large adjustment of industrial products. Pulp also follows the fluctuations. It is expected that the spot price of wood pulp will remain fluctuating at a high level in the short term.

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