Group 1 - The main contract for pulp futures showed a fluctuating trend, closing at 5064.00 yuan with a decrease of 0.47% [1] - New Century Futures expects pulp prices to remain weak and fluctuate [2] - Guotai Junan Futures suggests a range-bound trading strategy due to weak downstream demand and high inventory levels [3] Group 2 - Southwest Futures reports a significant decline in the pulp futures market, with both needle and broadleaf pulp prices dropping [4] - The overall production of downstream products is decreasing, contributing to a sluggish demand for raw paper [4] - High port inventory levels and increased supply pressure from Brazil are negatively impacting market confidence [4]