Comments on pulp index of China Paper Association

2022-08-18
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Comments on pulp index of China Paper Association in June

in June, the off-season of domestic paper market continued, paper mills just needed to purchase, pulp demand was still light, port inventory was high and destocking was slow, and the external and spot pulp prices fell sharply. According to statistics, in June, the total pulp price index of China Paper Association fell 7.91% to 96.08 points month on month, and the decline continued to expand compared with May. The total volume index fell 1.13% to 77.94 points month on month. The pulp market fell due to the numerous types of well cover pressure testing machines, the trading volume, and the global shortage of resources. Throughout the first half of the year, the volume and price of pulp fell significantly compared with the same period last year. According to statistics, in the first half of the year, the total pulp price index fell 16.65% year-on-year, and the total volume index fell 4.63% year-on-year

specifically, in June, the price index of bleached needle wood pulp fell 7.70% to 96.40 points month on month, and the volume index fell 1.33% to 84.73 points month on month. The market demand for bleached needle wood pulp has not improved this month. In the off-season of the downstream paper market, the paper mill just needs to purchase, and the raw material inventory remains low; Affected by the sharp decline in demand and external market, the spot price of coniferous pulp continued to decline sharply, with an overall decline of about/ton. In terms of external market, the price of Arauco Silver Star noodles in Chile fell to 620 US dollars/ton in June; The net sea freight price of Russian llim coniferous pulp fell to 630 US dollars/ton; The price of mainstream plus needle noodles fell to us/ton. In June, the market of coniferous pulp was in a downturn, and the market trading volume and price fell together. The downstream demand had not shown signs of improvement by the end of the month. It is expected that the market in the off-season of July is still difficult to change. However, there are also some positive factors accumulated, such as foreign pulp mills actively plan to shut down and limit production due to the impact of the market and wood supply; Under the balance of pulp mill profits, the outer disc concession space decreases; At the same time, the inventory of needle leaf market is obviously not as sufficient as that of broad leaf, and the easing of Sino US trade disputes has stimulated the fundamentals

in June, the price index of bleached wood pulp fell 10.01% to 94.62 points month on month, and the volume index fell 2.28% to 69.73 points month on month. This month, the demand for broad-leaved pulp fell further, and pervasive corruption connived at a large number of enterprises' illegal discharge. The port inventory increased instead of decreasing, and the high-pressure situation of market oversupply intensified. The spot price of broad-leaved pulp fell faster than that of conifers, with a decline of about/ton in the month. At the end of the month, East China parrot reference daily/ton. In terms of external market, the contracted face price of Arauco stars in Chile fell to US $570/ton during the London Olympic Games, for example; The sea freight price of Russian llim broad-leaved pulp fell to 610 US dollars/ton; The net price of Bailong and Heping River fell to us/ton. At present, the outer market price of broad-leaved pulp also fell sharply in June, but faced with the same weak downstream demand, the inventory pressure of broad-leaved pulp is greater, and its downstream demand is difficult to improve in the short term. Under the inventory and demand pressure, the effect of short-term positive factors in the market is limited, and the price of broad-leaved pulp may still have room for a small reduction

in terms of natural color pastes, the price index of natural color pastes fell 4.10% month on month to 98.17 points in June; The volume index increased by 1.14% month on month to 79.65 points. Since April, China's imports of natural color pulp have increased significantly. Therefore, affected by the overall weakness of the pulp market, the price of natural color pulp continued to decline during the month, but the market transaction stabilized, and the decline in pulp price was significantly smaller than that of coniferous and hardwood pulp. During the month, the price of Venus fell by about 250/ton to 4850/ton. In terms of external market, the quotation of Chile Arauco Venus was lowered to 650 US dollars/ton in June; The price of Russian llim natural color pulp in Ukraine remained flat last month, with a surface price of 550 US dollars/ton by sea. At present, the downstream off-season market in July is expected to continue, and the demand for natural color pulp is difficult to improve. After the early order delivery, the market transaction may weaken, and the price of natural color pulp may still be reduced, but the decline may be narrowed

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