供应面变化不大 胶版印刷纸期货趋势偏弱

Group 1 - The core viewpoint indicates that the domestic futures market for printing paper is experiencing a mixed trend, with the main contract for coated paper futures showing a decline of 2.51% during the trading session [1] - The current market for coated printing paper is characterized by a weak downward trend, with institutions providing various analyses on future market performance [2] - The supply side shows a slight increase in imports of bleached softwood pulp, with a total import volume of 712.2 million tons for the year, reflecting a year-on-year increase of 2.7% [2] Group 2 - The demand side indicates that paper mills are operating at low profit margins, leading to a focus on purchasing pulp as needed, with overall operating rates for downstream demand showing weakness [2] - Inventory levels for pulp at major ports in China have decreased by 3.3% to 2.101 million tons, continuing a trend of slight inventory reduction over the past two weeks [2] - The market sentiment remains weak, with expectations of stable pricing from paper mills and potential price increases in early January, although short-term price movements are likely to remain volatile [3]