纸浆数据日报-20250506

Report Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - The overall situation of the pulp market is bearish. The decrease in pulp outer - market quotes weakens cost support, terminal demand remains weak, and inventory shows a cumulative trend. The recommended strategy is to take a short - term bearish view or arrange a 7 - 9 reverse spread [1] 3. Summary by Relevant Catalogs Pulp Price Data - Futures Prices: On April 30, 2025, SP2505 was 5116, down 1.99% day - on - day and 6.78% week - on - week; SP2507 was 5120, down 1.12% day - on - day and 5.22% week - on - week; SP2509 was 5066, down 1.67% day - on - day and 5.31% week - on - week [1] - Spot Prices: Coniferous pulp Silver Star was 6200, down 1.59% day - on - day and 2.36% week - on - week; Coniferous pulp Russian Needle was 5200, down 3.70% day - on - day and 4.59% week - on - week; Hardwood pulp Goldfish was 4150, down 2.35% day - on - day and 4.60% week - on - week [1] - Outer - Market Quotes: Chilean Silver Star was 770 dollars, down 6.67% month - on - month; Brazilian Goldfish was 630 dollars, up 3.28% month - on - month; Chilean Venus was 690 dollars, with no change month - on - month [1] - Import Costs: Chilean Silver Star was 6289, down 6.62% month - on - month; Brazilian Goldfish was 5154, up 3.25% month - on - month; Chilean Venus was 5640, with no change month - on - month [1] Pulp Fundamental Data - Supply - Import Volume: In March 2025, coniferous pulp import volume was 79.8 tons, unchanged from February; hardwood pulp import volume was 147 tons, down 8.47% from February. The pulp shipment volume to China was 1502 tons in February 2025, down from 1543 tons in January [1] - Supply - Domestic Output: From March 13 to April 24, 2025, the domestic output of hardwood pulp and chemimechanical pulp fluctuated [1] - Inventory: As of April 24, 2025, the pulp port inventory was 210.6 tons, up 3.7 tons from the previous period, a 1.8% increase; the delivery warehouse inventory was 32.10 tons [1] - Demand - Finished Paper Output: From March 13 to April 24, 2025, the output of double - offset paper, coated paper, tissue paper, and white cardboard fluctuated, with a slight overall decline [1] Pulp Valuation Data - Basis: On April 30, 2025, the Russian Needle basis was 80, with a quantile level of 0.834; the Silver Star basis was 1080, with a quantile level of 0.998 [1] - Import Profit: On April 30, 2025, the import profit of coniferous pulp Silver Star was - 89, with a quantile level of 0.471; the import profit of hardwood pulp Goldfish was - 1004, with a quantile level of 0.057 [1]