Report Information - Report Name: Pulp Daily Report [1] - Date: May 22, 2025 [2] Industry Investment Rating - Not provided Core View - The pulp fundamentals remain weak, and it may continue to oscillate and adjust in a low - level range in the future [8] Summary by Directory 1. Market Review and Operation Suggestions - Market Review: Pulp futures contract 09 had a previous settlement price of 5,302 yuan/ton and a closing price of 5,338 yuan/ton, rising 0.68%. The intended transaction price range of softwood pulp in the Shandong wood pulp market was 5,400 - 6,750 yuan/ton, with the low - end price stable. The Shandong Yinxing offer was 6,300 yuan/ton [7] - Supply and Demand Analysis: Chile's Arauco announced May offers with price cuts. In March, the shipment volume of softwood pulp from the world's 20 major pulp - producing countries increased 11.7% year - on - year, and the cumulative increase from January to March was 4.1%. In April, China's pulp imports were 289 million tons, down 11.1% month - on - month and 10.2% year - on - year. As of May 15, the weekly pulp inventory in major regions and ports increased 11.45% month - on - month. The downstream is in the off - season, with insufficient raw material procurement enthusiasm [8] 2. Industry News - On May 8, the launch meeting of the digital factory project of Guangdong Oubi Personal Care Products Co., Ltd. was held. The project focuses on building an MOM digital operation platform to create a new benchmark for intelligent manufacturing in the personal care products industry [9] 3. Data Overview - The report provides multiple data charts, including cross - period spreads, import pulp spot prices, pulp futures prices, inventory data of domestic and European ports, and prices and spreads of various papers [14][22][28]
建信期货纸浆日报-20250522
Jian Xin Qi Huo·2025-05-22 01:22