20250916-建信期货-纸浆日报_5页_1mb

Paper Pulp Market Summary for 2025-09-16

This report analyzes the paper pulp market as of September 16, 2025. Key areas covered include market review, operation suggestions, industry news, and data overview.

In the market review, paper pulp futures for the 01 contract closed at 5324 yuan/ton, up 0.91% from the previous settlement of 5276 yuan/ton. In the Shandong wood pulp market, the coniferous pulp buying index price range was 4980-6600 yuan/ton, with the lower end steady. Internationally, ICBC Standard Bank's prices from providers like Arauco remained stable, and global 20-country pulp shipments increased slightly, while China's pulp imports decreased. Although domestic paper mill inventories rose slightly, downstream demand in the cultural paper sector was weak due to limited new orders and high operational costs.

Industry news highlights a recent announcement from China's National Administration for Market Regulation approving six new national standards for the paper industry, aimed at improving quality and production efficiency.

The data overview section references several charts, including import/export prices, futures prices, basis levels, and inventories, which show overall supply and demand dynamics but no specific numerical data is provided. Key metrics indicate supply increases and import decreases, while pricing pairs like needle-leaf and broadleaf pulp show distinct differentials.

Overall, supply is relatively ample, and demand remains subdued, leading to a short-term expectation of continued low volatility in pulp prices.