纸浆数据日报-20260113

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Today, pulp futures weakened significantly due to the macro - sentiment of commodities but did not break the 5400 - 5700 trading range. One can consider high - selling and low - buying within this range [7] 3. Summary by Related Catalogs Pulp Price Data - Futures Prices: On January 10, 2026, SP2601 was 5418 yuan/ton, down 1.13% day - on - day and 0.99% week - on - week; SP2609 was 5231 yuan/ton, down 1.18% day - on - day and 0.47% week - on - week; SP2605 was 5490 yuan/ton, down 1.08% day - on - day and 0.72% week - on - week [6] - Spot Prices: On January 10, 2026, the price of coniferous pulp Silver Star was 5600 yuan/ton, unchanged day - on - day and up 0.90% week - on - week; the price of coniferous pulp Russian Needle was 5400 yuan/ton, up 1.89% day - on - day and unchanged week - on - week; the price of broad - leaf pulp Goldfish was 4750 yuan/ton, up 0.64% day - on - day and 1.06% week - on - week [6] - Outer - disk Quotes: In January 2026, the outer - disk quote of Chilean Silver Star was 710 dollars/ton, up 1.43% month - on - month; the quote of Brazilian Goldfish was 560 dollars/ton, up 3.70% month - on - month; the quote of Chilean Venus was 620 dollars/ton, unchanged month - on - month [6] - Import Costs: In January 2026, the import cost of Chilean Silver Star was 5802 yuan/ton, up 1.42% month - on - month; the import cost of Brazilian Goldfish was 4587 yuan/ton, up 3.66% month - on - month; the import cost of Chilean Venus was 5073 yuan/ton, unchanged month - on - month [6] Pulp Fundamental Data - Supply: In November 2025, the import volume of coniferous pulp was 72.5 tons, up 4.92% month - on - month; the import volume of broad - leaf pulp was 176.5 tons, up 33.92% month - on - month. The pulp shipment volume to China in November 2025 was 178 thousand tons, up 3.00% month - on - month. The domestic production of broad - leaf pulp and chemimechanical pulp showed certain fluctuations from December 2025 to January 2026 [6] - Inventory: As of January 4, 2026, the inventory of China's mainstream pulp ports was 199.7 tons, up 4.8% month - on - month. The pulp port inventory and futures delivery warehouse inventory also showed different trends from December 2025 to January 2026 [6] - Demand: The demand side of pulp has been stable recently. The price of household paper has risen slightly, while the prices of other paper products have been stable. The production of major wood - pulp paper has been stable. From December 2025 to January 2026, the production of finished paper such as offset paper, coated paper, household paper, and white cardboard showed certain fluctuations [6]