纸浆数据日报-20260211

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The pulp supply side has recent disturbances again, but the demand side shows weakness. Pulp lacks a clear trading logic and is expected to fluctuate weakly [6] Group 3: Summary According to Relevant Catalogs Price Data - Futures Prices: On February 10, 2026, SP2601 was 5416 yuan/ton with a 0.04% daily and -0.88% weekly change; SP2609 was 5250 yuan/ton with a 0.04% daily and -1.39% weekly change; SP2605 was 5202 yuan/ton with a 0.04% daily and -1.40% weekly change [5] - Spot Prices: On February 10, 2026, the spot price of coniferous pulp Silver Star was 5250 yuan/ton with no daily change and a -1.32% weekly change; Russian coniferous pulp was 5050 yuan/ton with no daily change and a -0.98% weekly change; broadleaf pulp Goldfish was 4580 yuan/ton with no daily change and a -0.43% weekly change [5] - Outer - plate Quotes: The outer - plate quote of Chilean Silver Star in February 2026 was 710 dollars/ton, up 1.43% month - on - month; Chilean Star was 590 dollars/ton, up 3.51% month - on - month; Chilean Venus was 620 dollars/ton, with no change [5] - Import Costs: The import cost of Chilean Silver Star was 5802 yuan/ton, up 1.42% month - on - month; Chilean Star was 4830 yuan/ton, up 3.47% month - on - month; Chilean Venus was 5073 yuan/ton, with no change [5] Supply Data - Import Volume: In December 2025, the import volume of coniferous pulp was 77.8 tons, up 7.31% month - on - month compared to November 2025; the import volume of broadleaf pulp was 135.2 tons, down 23.40% month - on - month compared to November 2025 [5] - Domestic Production: As of February 5, 2026, the domestic production of broadleaf pulp was 24.9 tons; the production of chemimechanical pulp was 23.9 tons [5] - Shipments to China: In November 2025, the pulp shipments to China were 178 thousand tons, up 3.00% [5] Inventory Data - Port Inventory: As of February 5, 2026, the pulp port inventory was 218.2 tons, up 1.3 tons from the previous period, a 0.6% increase, and it has been in a cumulative inventory trend for five consecutive weeks [5] - Futures Delivery Warehouse Inventory: As of February 5, 2026, the futures delivery warehouse inventory was 14.2 tons [5] Demand Data - Finished Paper Production: As of February 5, 2026, the production of offset paper was 21.10 tons; copperplate paper was 8.40 tons; tissue paper was 29.83 tons; white cardboard was 35.00 tons. The pulp demand side has been stable recently, and the finished paper price is stable, with a slight increase in production this week [5]