From July to August, the domestic pulp import volume continued to decline, and the supply side still has some support in the short term. The newly announced softwood pulp price has been lowered, and it is difficult to reduce the overall pulp price. Chinese downstream enterprises are generally unacceptable for high-priced raw materials, and the profit of finished paper is still maintained at a very low level.
On August 26, the pulp disk rose by 0.61%. In June, global shipments of hardwood pulp increased rapidly year-on-year, while softwood pulp continued to be at a low level. In July, domestic pulp imports showed a continuous decline for four months, down 7.5% month-on-month, and the market's tradable supply was tight. In terms of demand, there is no obvious sign of strengthening. Downstream paper companies are mainly just in need, and the high price of raw materials makes downstream companies less willing to purchase.
The pulp market is still in the off-season, and the transaction volume is small, and everyone is in a wait-and-see state. In terms of supply, the import volume of wood pulp and the speed of customs clearance are still quite uncertain, and the supply of wood pulp is tight in the short term. On the whole, the supply of imported wood pulp that can be circulated in Hong Kong is still small, and the short-term import cost remains high. The paper mills are not very accepting of this, and they mainly rely on rigid demand. The export volume of base paper by downstream enterprises is still declining, and the recent uncertainty Factors have also affected the production of pulp, so it is expected that the pulp market in the future will still show a volatile trend.
Post time: Sep-02-2022