According to the data monitoring of SunSirs, the spot prices of softwood pulp and hardwood pulp fell slightly last week. On August 12, the average market price of softwood pulp in Shandong was 7,270 RMB/ ton, down 0.14% compared with the average price at the beginning of the week (the average market price of softwood pulp on August 7 was 7,280 RMB/ ton). On August 12, the average market price of hardwood pulp in Shandong was 6,720 RMB/ ton, which decreased by 0.09% compared with the average price at the beginning of the week (the average market price of hardwood pulp on August 7 was 6,726 RMB/ ton).

According to the observation of market changes, the spot price of wood pulp was mostly stable last week. Some traders reduced the price slightly, and the price of pulp futures rose first and then fell. At the beginning of this week, due to the high import cost of the pulp market and the decline of the pulp import volume, the spot price of domestic wood pulp was supported. However, the market demand is insufficient, the domestic and foreign trade export orders are weakened, and the pressure on the market shipment has played a certain role in suppressing the pulp price.

In terms of futures, on August 12, the opening price of SP2209 contract of pulp futures in the previous stock exchange was 7,126 RMB/ ton, and the latest price was 6,890 RMB/ ton, with 225,500 transactions and 74,598 positions. The opening price of SP2301 contract was 6,686 RMB/ ton, and the latest price was 6,560 RMB/ ton. The transaction volume was 115,300 and the position was 126,186.

SunSirs wood pulp analysts believe that although the price of pulp futures fluctuates greatly at present, the external quotation is stable, and the spot price may not fall significantly. It is expected that the short-term wood pulp price will continue to fluctuate in China.

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