建信期货纸浆日报-20250612

Report Information - Report Name: Pulp Daily Report [1] - Date: June 12, 2025 [2] Industry Investment Rating - Not provided in the report Core View - The pulp market has limited fundamental changes, with a new round of imported pulp quotes remaining stable, slow de - stocking at ports, and mediocre implementation of downstream price increase letters, resulting in a wide - range sideways movement [7] Summary by Directory 1. Market Review and Operation Suggestions - Pulp futures contract 09 had a previous settlement price of 5,280 yuan/ton and a closing price of 5,260 yuan/ton, a 0.38% decline. The intended transaction price range of softwood pulp in the Shandong market was 5,280 - 6,750 yuan/ton, with the low - end price stable compared to the previous trading day. The Shandong Yinxing was quoted at 6,150 - 6,170 yuan/ton [7] - Chile's Arauco announced June quotes: Yinxing at 740 US dollars/ton and Jinxing at 620 US dollars/ton, unchanged from the previous quote [7] - According to PPPC data, the shipment volume of softwood pulp from the world's 20 major pulp - producing countries in April decreased by 7.2% year - on - year, and the cumulative increase from January to April was 1.4% year - on - year. China's pulp imports in May were 3.02 million tons, a 4.3% increase month - on - month and a 6.9% increase year - on - year [7] - As of June 5, 2025, the weekly pulp inventory in major regions and ports decreased by 2.6% month - on - month. The downstream market has a clear demand for improved profitability, but terminal orders are limited, and the raw material procurement mentality is cautious [7] 2. Industry News - On June 6, relevant personnel from the Fujian Forestry Bureau and the Sanming Forestry Bureau visited Qingshan Paper Industry to guide the construction planning of the national reserve forest project. They believe that Qingshan Paper Industry's promotion of the project can ensure raw material supply and achieve green government - enterprise linkage. Qingshan Paper Industry, as a state - owned leading enterprise, has the unique advantage of "integration of primary, secondary, and tertiary industries" and adheres to the principle of "scientific planning and industrial collaboration" [8] 3. Data Overview - The report provides multiple data charts, including import bleached softwood pulp spot prices in Shandong, pulp futures prices, pulp futures - spot price differences, needle - broadleaf price differences, cross - period price differences, warehouse receipt totals, domestic main port pulp inventories, European main port wood pulp inventories, prices and price differences of white cardboard and whiteboard paper, copperplate paper and offset paper, and the US dollar - RMB exchange rate [14][16][25]