下方成本端存在一定支撑 纸浆期货可考虑逢低做多

Market Overview - As of August 6, the Shanghai Futures Exchange reported a total of 233,178 tons of pulp warehouse receipts, a decrease of 272 tons compared to the previous trading day [1] - National port pulp inventory stands at 2.105 million tons, with a week-on-week reduction of 38,000 tons [2] Company Developments - Shandong Galaxy Ruixue Paper Co., Ltd. has announced a project for the industrial application of 300,000 tons of bio-based new materials, which includes the elimination of existing chemical pulp production lines and the construction of new bleaching chemical pulp facilities [2] Institutional Insights - Zhongcai Futures indicates that the market is currently experiencing weak elasticity in broadleaf spot prices, with limited acceptance of high prices. The market sentiment is expected to weaken, leading to potential adjustments in the futures market [3] - Guoxin Futures notes that the industry is in a traditional off-peak season, with downstream paper manufacturers showing low enthusiasm for raw material purchases. There is a dynamic negotiation between buyers and sellers, with cost support at lower levels. The transition from off-peak to peak season will be monitored for demand stabilization [4]