2. The main contract of pulp futures closed at 5976 yuan/ton this week, up 632 yuan/ton. Spot prices continued to rise, and the average price of imported softwood pulp was 5599 yuan/ton, up 8. 17% from last week. Some are quoted according to futures, and the transaction is average.
3. The orders of cultural paper manufacturers are generally fulfilled, and the downstream dealers have fewer transactions, and the price increase is slightly weak. The printing factory just needs to replenish the warehouse, but the pulp price is running strongly, which has certain support for the cost of finished paper.
4. White cardboard enterprises inform that the execution price of new orders will be raised by about 300 yuan/ton, and some will be raised by 100 yuan/ton; Some traders tentatively follow up to maintain normal inventory. The market demand is not big, and the new production capacity in Guangxi will be released soon, and the supply pressure is expected to increase. 5. Some paper enterprises of household paper send letters to raise prices, but the actual changes are still not obvious, and downstream processing plants still have a wait-and-see attitude.
1. Recently, the supply of needles in BC, Canada was affected by traffic and port dredging problems. Beimu planned to stop production for two weeks, and Manzhouli and Erenhot suspended the import of non-container goods due to the epidemic, resulting in limited supply of Russian needles. Canadian and Russian cork pulp supplies account for more than 40% of China's imports, and pulp prices continue to rise. The performance of domestic finished paper market is average. Paper companies have issued price increase letters. Due to the low inventory pressure, white cardboard is relatively strong. Household paper and cultural paper have shown signs of weakening in the early stage. This fluctuation is poor, and the paper price is stable and slightly adjusted back.
2. After the pulp goes up, small and medium-sized paper mills are facing the pressure of falling profits again, and the operating rate of household paper has increased slightly, but the inventory has rebounded, and the operating rate of cultural paper has remained stable. Short-term paper mills have little response to the rising cost, but if the pulp price remains high, the decline in profits will once again lead to the decline in the operating rate of paper mills and the demand for pulp. The increase in dollar quotation of pulp is obviously lower than that in China. At present, pulp mills are still cautious.
3. The uncertainty of pulp supply still exists because the transportation problems in Canadian and northern ports of China have not been solved. Pulp futures are expected to run at a high level in recent months, but there is weakening pressure in the distant months, so we need to pay attention to the pressure above 6000 yuan in the short term.