Group 1 - The core viewpoint is that a short-term supply-demand gap for wood chips is expected to emerge in 2026, with a positive outlook for the recovery of wood chip and pulp prices [1] - In the short term, domestic production of self-made pulp has increased significantly, but the construction cycle for high-quality wood chip resources lags behind equipment production [1] - It is anticipated that the domestic wood chip market will experience a temporary supply gap in 2026, leading to a rise in raw material costs [1] Group 2 - As demand improves marginally, the price center for pulp is expected to recover in 2026 [1] - Leading companies with full industry chain self-sufficiency will continue to capitalize on the premium opportunities from "manufacturing" to "resource revaluation" [1]
中金：2026年短期木片供需缺口将现 看好木片、浆价中枢修复
Di Yi Cai Jing·2026-01-09 00:21