During the week, softwood pulp and hardwood pulp** were late and mixed. On December 15, the average market price of softwood pulp in Shandong was 5,840 yuan ton, compared with the average price of 5,720 yuan ton on December 101%。On December 15, the average market price of hardwood pulp in Shandong was 5,040 yuan ton, down 0 percent from the average price of 5,050 yuan ton on December 102%。
Judging from the observation of market changes, softwood pulp** stopped falling and rose during the week, while hardwood pulp** decreased slightly. Pulp rose sharply at the beginning of the week, driving spot wood pulp, the outer plate pulp was stable in December, the pulp market returned to normal levels, international inventories declined, and pulp imports fell by 6 month-on-month5%。Sample inventories of pulp mainstream ports fell by 690,000 tons, the pulp inventory in European ports fell by 10 percent month-on-month2%。Judging from the data, the recent decline in pulp has eased the pressure on the market.
On the demand side, the demand of base paper manufacturers has continued to be light recently, and the enthusiasm of paper mills has declined, so the willingness to purchase raw materials is not strong. The coated paper and double-offset paper market is basically weak and stable, and the market is dominated by small orders that just need to be traded. However, there is a certain amount of support in some areas due to the impact of holiday orders, and paper companies are more willing to raise prices, which has a certain support for pulp prices.
*In terms of December 15, the opening price of the pulp **SP2405 contract on the Shanghai Futures Exchange was 5696 yuan ton, the ** price was 5672 yuan ton, and the most **5750 yuan ton, the daily rise and fall was 0, and the trading volume was 3920,000 lots, with a position of 159,663 lots.
The wood pulp analyst of the business community believes that the current pulp market has returned to normal, but the demand side continues to be light and has a certain negative impact on the pulp. The RMB exchange rate, ** fluctuations, downstream paper enterprises and capital will also have an impact on the pulp market, and it is expected that the short-term wood pulp spot ** will still maintain a range.