Price

On May 6, the market price of softwood pulp was 7,260 RMB/ton, and the market price of hardwood pulp was 6,080 RMB/ton.

Analysis review

After the May Day holiday, the spot price of wood pulp continued to rise, and the price of pulp futures fluctuated at a high level. The opening price of the sp2209 contract was 7,362 RMB/ton, and the closing price was 7,290 RMB/ton, a daily decrease of 0.46%.

The main pulp producing countries in the world continued to reduce their production in May. The Canadian pulp mills caused warehouses to burst due to local weather, and some Russian pulp mills were overhauled and other reasons, all of which played a supporting role in pulp prices. However, the current downstream paper mills have poor finished paper shipments and high inventory, which makes the paper mills shut down more for maintenance, and the demand is still weak.

Market outlook

At present, due to the high level of pulp futures prices, the spot price has followed up, and the supply side support is still there, but the demand is still weak. It is expected that the spot price of wood pulp may remain at a high level in the short term.

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