Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - Pulp futures rose slightly against the backdrop of macro - positive factors, but the increase in spot prices was limited. In the short term, pulp is expected to trade in a range [1] Group 3: Summary According to Relevant Catalogs Pulp Price Data - Futures Prices: On July 16, 2025, SP2601 was 5402, down 0.22% week - on - week and up 1.58% compared to the previous period; SP2605 was 5342, up 0.19% week - on - week and down 0.49% compared to the previous period; SP2509 was 5242, down 0.38% week - on - week and up 2.66% compared to the previous period [1] - Spot Prices: On July 16, 2025, the price of coniferous pulp Silver Star was 5920, unchanged week - on - week and up 0.34% compared to the previous period; the price of coniferous pulp Russian Needle was 5300, unchanged week - on - week and up 3.52% compared to the previous period; the price of broad - leaf pulp Goldfish was 4050, unchanged week - on - week and up 0.75% compared to the previous period [1] - Outer - Disk Quotes (USD): In July 2025, the outer - disk quote of Chilean Silver Star was 720, down 2.70% month - on - month; the outer - disk quote of Chilean Star was 500, down 10.71% month - on - month; the outer - disk quote of Chilean Venus was 620, unchanged month - on - month [1] - Import Costs: In July 2025, the import cost of Chilean Silver Star was 5884, down 2.68% month - on - month; the import cost of Chilean Star was 4101, down 10.60% month - on - month; the import cost of Chilean Venus was 5073, unchanged month - on - month [1] Pulp Fundamental Data Supply - Import Volume: In May 2025, the import volume of coniferous pulp was 72.2 tons, down 4.75% month - on - month; the import volume of broad - leaf pulp was 129.3 tons, up 7.84% month - on - month [1] - Domestic Output: From May 29 to July 10, 2025, the domestic output of broad - leaf pulp fluctuated between 19.9 and 20.9 tons; the domestic output of chemimechanical pulp fluctuated between 19.7 and 20.3 tons [1] - Pulp Shipment to China: In May 2025, the pulp shipment to China was 140 tons, up 3.30% month - on - month [1] Inventory - As of July 10, 2025, the sample inventory of mainstream pulp ports in China was 217.9 tons, a decrease of 3.4 tons from the previous period, a 1.5% week - on - week decrease [1] Demand - This week, the output of major finished paper products increased slightly, but the prices of finished paper products remained low, providing weak support for pulp [1] Pulp Valuation Data - Basis: On July 16, 2025, the Russian Needle basis was 58, with a quantile level of 0.813; the Silver Star basis was 678, with a quantile level of 0.905 [1] - Import Profit: On July 16, 2025, the import profit of coniferous pulp Silver Star was 36, with a quantile level of 0.685; the import profit of broad - leaf pulp Goldfish was - 51, with a quantile level of 0.593 [1]
纸浆数据日报-20250717
Guo Mao Qi Huo·2025-07-17 05:32