纸浆数据日报-20250805

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - This week, pulp futures returned to fundamental pricing and are expected to fluctuate widely between 5,100 and 5,400 [2] Group 3: Summary by Related Catalogs Pulp Price Data - Futures prices: On August 4, 2025, SP2601 was 5,396, down 0.37% day-on-day and 1.68% week-on-week; SP2605 was 5,368, down 0.07% day-on-day and up 0.71% week-on-week; SP2509 was 5,168, down 0.35% day-on-day and 3.58% week-on-week [1] - Spot prices: On August 4, 2025, the price of coniferous pulp Silver Star was 5,850, with no daily change and a 1.18% weekly decline; Russian coniferous pulp was 5,180, down 2.26% day-on-day and 4.95% week-on-week; broadleaf pulp Goldfish was 4,120, with no daily change and a 0.72% weekly decline [1] - Foreign quotes and import costs: The foreign quote for Chilean Silver Star was 720, down 2.70% month-on-month; Chilean Star was 500, down 10.71% month-on-month; Chilean Venus was 620, with no monthly change. The import cost of Chilean Silver Star was 5,884, down 2.68% month-on-month; Chilean Star was 4,101, down 10.60% month-on-month; Chilean Venus was 5,073, with no monthly change [1] Pulp Fundamental Data - Supply: In June 2025, the import volume of coniferous pulp was 67.8 tons, down 6.09% month-on-month; the import volume of broadleaf pulp was 143.5 tons, up 10.98% month-on-month. The domestic production of broadleaf pulp was 20.9 tons, and the production of chemimechanical pulp was 20.9 tons. The shipment volume of W20 to China in May increased by 3.3% month-on-month [1] - Demand: This week, the production of major finished paper decreased slightly, and the prices of finished paper remained low, providing weak support for pulp [2] - Inventory: As of July 31, 2025, the inventory of mainstream pulp ports in China was 210.5 tons, a decrease of 3.8 tons from the previous period, a 1.8% month-on-month decline, showing a destocking trend [2] Pulp Valuation Data - On August 4, 2025, the basis of Russian coniferous pulp was 12, with a quantile level of 0.725; the basis of Silver Star was 682, with a quantile level of 0.907. The import profit of coniferous pulp Silver Star was -34, with a quantile level of 0.545; the import profit of broadleaf pulp Goldfish was 19, with a quantile level of 0.653 [1]