Aug. 15, 2023
On August 4, the average market price of softwood pulp in Shandong was 5,480 yuan/ton, an increase of 0.92% compared with the average price of 5,430 yuan/ton on July 30. On August 4, the average market price of hardwood pulp in Shandong was 4,520 yuan/ton, an increase of 1.57% compared with the average price of 4,450 yuan/ton on July 30.
According to the observation of market changes, the prices of softwood pulp and hardwood pulp still showed an upward trend during the week. Recently, the quotations of various pulp types in the external market have increased in price, and the mentality of the supply market has changed, and the price has been relatively strong in the short term. At present, under the performance of futures price premium, the pressure of rising prices has increased, but the volume of transactions in the spot market is not obvious, which makes the transactions at high prices limited.
In August, the paper industry entered a transitional period of low prosperity, and the market demand was relatively general. The operating rates of downstream household paper and coated paper both declined, but the offset paper market traded warmer. In addition, the rising external market and the fluctuation of the exchange rate have formed support for the spot market, and the price of wood pulp is still running at a high level.
In terms of futures, on August 4, the opening price of the Shanghai Futures Exchange pulp futures sp2309 contract was 5,380 yuan/ton, and the latest price was 5,330 yuan/ton, a daily drop of 1.3%, with 446,500 lots traded and 197,526 positions held.
Downstream white cardboard and gray-bottom whiteboard prices remained stable. On August 4, the average market price of white cardboard 230g-400g was 4,640 yuan/ton, and on August 4, the average market price of gray-bottom whiteboard 250g was 4165.67 yuan/ton. . During the week, the prices of white cardboard and gray-bottomed whiteboard continued to hover at a low level, and the output of new white cardboard production capacity continued to increase. The demand continued in the off-season, and the payment cycle entered the second half of the year. The focus of market transactions was under downward pressure. White board paper mills are not very enthusiastic about starting operations, and it is in the traditional off-season. The downstream purchasing attitude is cautious, and the increase in new orders is limited. At present, the supply pressure of white cardboard and white board paper market is relatively high, and paper mills are under pressure to ship goods, and the contradiction between supply and demand is difficult to alleviate.
Wood pulp analysts from SunSirs believe that the current supply of softwood pulp is stable, and the price fluctuates frequently due to the fluctuations in the price of pulp futures. However, the import supply of hardwood pulp is tight, and the domestic production has not fully recovered, and the price is strong upward. It is expected that the spot price of wood pulp will continue to fluctuate in the short term.
The above content is compiled and reported by RX packaging for you.
