SunSirs: Continuous Decline in China Pulp Inventory Benefits Prices
December 15 2025 15:19:45 SunSirs (Selena)
The domestic inventory continues to show a trend of destocking this week, and has been showing a destocking trend for three consecutive weeks. As of December 11, 2025, the sample inventory of mainstream pulp ports in China was 2.036 million tons, a decrease of 3.1% compared to the previous period's destocking of 65,000 tons.
Reason for rating: The inventory of mainstream pulp ports in China has been declining for three consecutive weeks, with a decrease of 3.1% month on month to 2.036 million tons as of December 11, 2025, indicating a continued tightening of supply and relatively strong demand, which is favorable for the upward trend of spot prices. Combined with the futures market, the main contract 2605 (data as of December 11, 2025) opened at 5,450 RMB/ton, closed at 5,586 RMB/ton, settled at 5,600 RMB/ton, up 174 RMB, with a significant increase in trading volume and a 48,860 increase in holdings, indicating a strong bullish sentiment in the market. The news of reduced inventory may further strengthen the upward trend of futures, driving prices higher.
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