纸浆数据日报-20260313

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The pulp futures inventory decreased slightly this week, but the port inventory, especially for softwood pulp, remains at an absolute high. The "Golden March and Silver April" period is unlikely to effectively boost papermaking demand, and the overall market is expected to fluctuate weakly [5] Group 3: Summary of Related Catalogs Pulp Price Data - Futures Prices: On March 12, 2026, SP2701 was 5498 yuan/ton with a daily increase of 0.18% and a weekly increase of 0.33%; SP2609 was 5302 yuan/ton with a daily decrease of 0.30% and a weekly decrease of 0.08%; SP2605 was 5252 yuan/ton with a daily decrease of 0.15% and a weekly increase of 0.04% [5] - Spot Prices: Coniferous pulp Silver Star was 5300 yuan/ton with a daily decrease of 0.93% and no weekly change; Coniferous pulp Russian Needle was 5150 yuan/ton with no daily change and a weekly increase of 0.98%; Broadleaf pulp Goldfish was 4600 yuan/ton with no daily or weekly change [5] - Foreign Offers and Import Costs: Chilean Silver Star's foreign offer was 710 dollars/ton with no change, and its import cost was 5802 yuan/ton with no change; Chilean Star's foreign offer was 600 dollars/ton with no change, and its import cost was 4911 yuan/ton with no change; Chilean Venus's foreign offer was 620 dollars/ton with no change, and its import cost was 5073 yuan/ton with no change [5] Pulp Fundamental Data - Import Volume and Shipment: In December 2025, the import volume of softwood pulp was 72.5 tons, a 7.31% increase from November; the import volume of hardwood pulp was 176.5 tons, a 23.40% decrease from November. The pulp shipment to China in January 2026 was 170 thousand tons, a 19.80% decrease [5] - Domestic Production: On March 12, 2026, the domestic production of broadleaf pulp was 23.8 tons, and that of chemimechanical pulp was 24.5 tons [5] - Inventory: As of March 12, 2026, the pulp port inventory was 237.3 tons, a decrease of 3.5 tons from the previous period, a 1.5% decrease; the futures delivery warehouse inventory was 18.0 tons [5] - Demand: The production of offset paper was 19.80 tons, coated paper was 8.30 tons, and the daily production of tissue paper was 28.76 tons [5] Supply and Demand - Supply: Chile's Arauco Company's March softwood pulp offer was 710 dollars/ton, unchanged; the hardwood pulp Star's offer was 620 dollars/ton, up 20 dollars/ton; the natural pulp Venus's offer was 620 dollars/ton, unchanged [5] - Demand: The pulp demand has been stable recently, the finished paper prices are stable, and the production has increased this week. The price increase letters issued by paper mills are expected to be difficult to implement [5]