On April 25, the spot price of wood pulp fell from a high level, and the price of pulp futures fell back against resistance.
Analysis review
On the disk, the opening price of the sp2209 contract was 7,320 RMB/ton, and the closing price was 6,874 RMB/ton, a daily decrease of 5.76%.On the supply side, with the reconciliation of the strike in Finland, the market supply expectations were improved, thus stimulating the downward volatility of pulp futures prices.
However, the domestic market was still affected by the epidemic, downstream base paper shipments were slow, some paper mills suspended production in stages, and the overall market demand was weak, resulting in downward pressure on prices.
Market outlook
At present, the demand for wood pulp from downstream paper mills is slightly weak, and the favorable factors in the pulp market have subsided. It is expected that the spot price of wood pulp in the short term may fluctuate downward.
