Report Information - Report Name: Pulp Daily Report [1] - Date: May 9, 2025 [2] - Research Team: Energy and Chemical Research Team [4] Market Review and Operation Suggestions - Pulp futures contract 09 had a previous settlement price of 5064 yuan/ton and a closing price of 5092 yuan/ton, rising 0.55% [7] - The intended transaction price range of softwood pulp in the Shandong wood pulp market was 5150 - 6800 yuan/ton, with the low - end price rising 50 yuan/ton compared to the previous trading day's closing price. The Shandong Yinxing was quoted at 6200 - 6220 yuan/ton [7] - Chile's Arauco adjusted its April quotes. The softwood pulp Yinxing was at 770 US dollars/ton, and the hardwood pulp Mingxing was at 560 US dollars/ton, showing a significant decline [7] - European port data showed that the total European port inventory increased by 7.60% month - on - month and 25.96% compared to March 2024. Except for the German port, most other national port inventories increased month - on - month [7] - The total pulp imports in March were 3.25 million tons, a month - on - month increase of 0.9% and a year - on - year increase of 2.5% [7] - As of April 30, 2025, the weekly pulp inventory in major domestic regions and ports decreased by 2.12% month - on - month. The shipping speeds of each port still varied, with relatively concentrated arrivals at Gaolan Port [7] - The demand side continued to operate weakly. The cost support for pulp decreased significantly, the supply side remained loose, and the demand side was persistently weak. The overall fundamental pattern was weak, and pulp was mainly under pressure [7] Industry News - On May 8, it was reported that the first - phase construction of the Hubei Hanhui Cultural Paper Products Base Project in Huangpi District, Wuhan, Hubei, would be delivered within the year. The total investment of the project was 600 million yuan, and the total land area was about 30 mu. It mainly customized, processed, and sold various paper products such as pearlescent paper, specialty paper, and cultural paper [8] - After the first - phase was completed and put into production, the expected annual output value would be over 100 million yuan, and about 100 new jobs would be added. Currently, the main structures of the two main buildings were 60% completed, and the structural capping was expected to be achieved in early June [8] - The second - phase project was about to start construction, with a planned land area of about 15 mu. It would build new production workshops and supporting facilities, focusing on the production and export of specialty paper. It was expected to be completed in June 2026, and after all phases were completed and put into production, the annual output value could reach over 300 million yuan [8]