According to SunSirs data monitoring: this week, the spot price of wood pulp showed a trend of first rising and then falling. Although the price of the 3rd day showed a correction, the overall trend was still slightly upward. On February 4, the average market price of softwood pulp in Shandong was 6,487.5 RMB/ ton, which was 12.5 RMB/ ton higher than that of softwood pulp in Shandong at the beginning of this week (the average market price of softwood pulp on January 31 was 6,475 RMB/ ton), up 0.19%. On February 4, the average market price of hardwood pulp in Shandong was 5,200 RMB/ ton, which was 50 RMB/ ton higher than that at the beginning of this week (5,150 RMB/ ton on January 31).

Through the observation of market changes, the price of wood pulp is still in the upward stage at the beginning of this week, and the price of pulp futures is rising all the way. Since January, the rising price of paper products and the frequent price increase letters of downstream household paper and whiteboard have greatly improved the demand of wood pulp market. In addition, the recent increase in logistics freight increases the transportation cost of products and accelerates the price rising trend.

However, on February 3, the pulp futures began to fall rapidly, and the main contract fell 4.01% within the day, which also affected the rising trend of wood pulp spot price, so the wood pulp price also went back. With the approaching of the Spring Festival holiday, the market demand shows signs of weakening. With the increase of transportation costs, the purchasing demand begins to slow down and weaken, which makes the price loose and callback. However, favorable market factors supported the price to return to the upward trend. The price range of softwood pulp is about 6,500 RMB/ ton for Yinxing and 5,200 RMB/ ton for hardwood pulp.

In terms of futures, on February 4, the opening price of the main contract SP2103 of Shanghai Stock Exchange pulp futures was 6,448 RMB/ ton, and the settlement price of the previous day was 6,570 RMB/ ton, with 379,772 transactions and 103,225 positions. SP2105 contract opening price 6,430 RMB/ ton, the settlement price of the previous day was 6,452 RMB/ ton, 247,512 transactions, 159,410 positions.

SunSirs wood pulp analysts believe that, although the recent price of pulp fluctuated, the subsequent consumption still had a positive trend. At present, the price of wood pulp is in a higher position. The price decline may be a technical correction, which is also a preparation for the price rise after the festival. It is expected that the spot price of China wood pulp before the Spring Festival may still be in a high range.

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