Price

On March 25, 2022, the market price of softwood pulp was 7,010 RMB/ton, and the market price of hardwood pulp was 6,200 RMB/ton.

Analysis review

On the 25th, the spot price of wood pulp was slightly lowered, and the price of pulp futures fell from a high level. The opening price of the sp2205 contract was 7,024 RMB/ton, and the closing price was 6,782 RMB/ton, a daily decrease of 4.56%.

At present, overseas pulp mills are still down for maintenance and sea freight rates are rising. The increase in the external market and the issuance of the letter of price increase for downstream base paper form support for pulp prices. However, the domestic market is affected by the epidemic, and some small and medium-sized enterprises have plans for downtime and maintenance, which reduces the demand for wood pulp. Market players have low acceptance of high-priced raw materials, and just need to purchase mainly, which constitutes a certain pressure on pulp prices.

Market outlook

The current market volatility has intensified, the price of softwood pulp is basically adjusted with the futures price, and the spot price of hardwood pulp has dropped slightly. It is expected that the price of wood pulp in the short term may continue to decline.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com