Group 1 - The main contract for pulp futures showed weak fluctuations, with a minimum drop to 5498.00 yuan and a current price of 5510.00 yuan, reflecting a decline of 1.75% [1] - The pulp futures market is currently experiencing a range-bound fluctuation, with domestic pulp manufacturers maintaining normal production levels and port inventory continuing to decrease [2] - The demand side shows mixed trends in downstream procurement, with white card paper increasing by 1.3% and double glue paper decreasing by 0.2% [2] Group 2 - As of December 25, 2025, the inventory at major Chinese pulp ports was 1.906 million tons, a decrease of 87,000 tons from the previous period, marking a 4.4% decline [2] - The SP2605 contract is expected to face short-term support at 5450 and resistance around 5750, with a focus on risk control [2] - The import volume of bleached softwood pulp in November 2025 was 725,000 tons, reflecting a month-on-month increase of 4.9% and a year-on-year increase of 10.1% [2]
下游按需采购为主 纸浆期货近期呈区间震荡走势
Jin Tou Wang·2025-12-29 08:04