纸浆数据日报-20260330

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Core View of the Report - The overall situation of the pulp futures market is weak, with limited room for short - term upward movement due to reduced positions, and it is expected to fluctuate weakly in the short term [6] Group 3: Summary According to the Directory Futures and Spot Prices - On March 27, 2026, the futures prices of SP2701, SP2609, and SP2605 were 5536 yuan/ton, 5280 yuan/ton, and 5202 yuan/ton respectively, with day - on - day increases of 0.80%, 0.72%, and 0.89% and week - on - week increases of 0.47%, 0.15%, and 0.74% [5] - The spot prices of coniferous pulp Silver Star, Russian Needle, and broad - leaf pulp Goldfish were 5200 yuan/ton, 5050 yuan/ton, and 4600 yuan/ton respectively, with day - on - day increases of 0.00% and week - on - week increases of 0.97%, 1.00%, and 1.10% [5] Outer - disk Quotes and Import Costs - The outer - disk quotes of Chilean Silver Star, Chilean Star, and Chilean Venus were 680 dollars/ton, 620 dollars/ton, and 620 dollars/ton respectively, with monthly decreases of - 4.23%, increases of 3.33%, and no change [5] - The import costs of Chilean Silver Star, Chilean Star, and Chilean Venus were 5559 yuan/ton, 5073 yuan/ton, and 5073 yuan/ton respectively, with monthly decreases of - 4.19%, increases of 3.30%, and no change [5] Supply - side Data - In February 2026, the import volume of coniferous pulp was 58.02 tons, a month - on - month decrease of 30.86%, and the import volume of broad - leaf pulp was 147.13 tons, a month - on - month decrease of 2.94% [5] - The shipment volume of pulp to China in January 2026 was 170 thousand tons, a month - on - month decrease of 19.80% [5] - The domestic production volume of broad - leaf pulp and chemical mechanical pulp fluctuated from February 5 to March 26, 2026 [5] Inventory - side Data - As of March 26, 2026, the pulp port inventory was 239.5 tons, a week - on - week increase of 4.3% after two consecutive weeks of de - stocking [5] - The futures delivery warehouse inventory also changed from February 5 to March 26, 2026 [5] Demand - side Data - The production volume of finished paper such as offset paper, coated paper, tissue paper, and white cardboard fluctuated from February 5 to March 26, 2026, and the demand for pulp was stable recently, with the price of finished paper stable and the production volume increasing this week, but the price increase letters issued by paper mills were expected to be difficult to implement [5] Supply - side News - Chile's Arauco Company adjusted its pulp quotes in March, with coniferous pulp at 880 dollars/ton, broad - leaf pulp Star at 620 dollars/ton (supplied at 75% of the quantity), and natural pulp Venus at 620 dollars/ton [5]