建信期货纸浆日报-20250429

Group 1: Report Information - Report Name: Pulp Daily Report [2] - Date: April 29, 2024 [3] - Research Team: Energy and Chemical Research Team [5] Group 2: Market Review and Operation Suggestions - Pulp futures contract 09 had a previous settlement price of 5346 yuan/ton and a closing price of 5290 yuan/ton, a decline of 1.05% [8] - The intended transaction price range of softwood pulp in the Shandong wood pulp market was 5400 - 6880 yuan/ton, with the low - end price stable compared to the previous trading day. The Shandong Yinxing offer was 6350 yuan/ton [8] - Chile's Arauco adjusted its April quotes. The softwood pulp Yinxing was at 770 US dollars/ton, and the hardwood pulp Mingxing was at 560 US dollars/ton, showing a significant decline [8] - In March 2025, European chemical pulp consumption was 865,700 tons, a year - on - year decrease of 3.24%. The inventory was 707,300 tons, a year - on - year increase of 6.24%. The inventory days were 26 days, up 1 day from the same period last year [8] - The total pulp imports in March were 3.25 million tons, a month - on - month increase of 0.9% and a year - on - year increase of 2.5% [8] - As of April 24, 2025, the weekly pulp inventory in major domestic regions and ports was 2.0794 million tons, an increase of 4.08% from the previous week [8] - Affected by insufficient follow - up of terminal orders, downstream shipment pressure was obvious, and the raw material procurement intention was poor. The fundamental pattern remained weak, and pulp was mainly under pressure [8] Group 3: Industry News - On April 12, Shandong Huatai Paper's annual 700,000 - ton chemical pulp project, undertaken by China National Light Industry International, was put into commissioning. The project team completed the entire construction in 24 months [9] - Through the pulp - paper integration layout, Huatai Paper's wood pulp self - sufficiency rate increased significantly to 85%, and the comprehensive cost per ton of pulp decreased by 15% compared to external purchases [9] - The project was equipped with a 3,200 TDS/D alkali recovery boiler, generating 568 tons of high - temperature and high - pressure steam per hour and a power generation capacity of 1 million kilowatts. It could supply an additional 100,000 kilowatts to the grid [9] - This innovation could save 500,000 tons of standard coal and reduce carbon dioxide emissions by 1.2 million tons annually [9] Group 4: Data Overview - The report includes various data charts such as import bleached softwood pulp spot prices in Shandong, pulp futures prices, pulp futures - spot price differences, and inventory data [13][18][20]