纸浆数据日报-20250811

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The pulp futures are expected to run strongly [3] Group 3: Summary by Related Catalogs Pulp Price Data - Futures Prices: On August 8, 2025, SP2601 was 5436 with a daily decrease of 0.22% and a weekly increase of 0.37%; SP2605 was 5414 with a daily increase of 0.15% and a weekly decrease of 0.85%; SP2509 was 5162 with a daily and weekly decrease of 0.46% [1] - Spot Prices: On the same day, the price of coniferous pulp Silver Star was 5850 with no daily or weekly change; Russian coniferous pulp was 5180 with no daily change and a weekly decrease of 2.26%; broad - leaf pulp Golden was 4080 with no daily change and a weekly decrease of 0.97% [1] - Foreign Quotes and Import Costs: Foreign quotes of Chilean Silver Star decreased by 2.70% month - on - month to 720 dollars, and its import cost decreased by 2.68% to 5884; Chilean Star decreased by 10.71% to 500 dollars, and its import cost decreased by 10.60% to 4101; Chilean Venus remained unchanged at 620 dollars, and its import cost remained at 5073 [1] Pulp Fundamental Data - Supply: In June 2025, the import volume of coniferous pulp was 67.8 tons, a month - on - month decrease of 6.09% compared to May; the shipment volume of pulp to China in May was 140 tons, a month - on - month increase of 3.30% compared to April. The domestic production of broad - leaf pulp and chemimechanical pulp had minor fluctuations [1] - Inventory: As of August 7, 2025, the pulp port inventory was 204.8 tons, a decrease of 5.7 tons compared to the previous period, a 2.7% decrease. The inventory showed a destocking trend. The futures delivery warehouse inventory also had some fluctuations [1][3] - Demand: The output of major finished papers increased slightly this week, but the prices of finished papers remained low, providing weak support for pulp [3] Pulp Valuation Data - On August 8, 2025, the quantile level of Russian needle pulp basis was 0.736, and that of Silver Star basis was 0.912. The quantile level of import profit for coniferous pulp Silver Star was 0.546, and for broad - leaf pulp Goldfish was 0.613 [3]