Into the second quarter, the overall trend of the non-wood pulp market is firm, prices show an oscillating upward trend, including bamboo pulp and reed pulp in the order to follow up, production and sales tend to stabilize, the implementation of the enterprise more orders, prices stopped rising at the end of May and stabilized. And sugarcane pulp prices up momentum, the end of May to mid-June sugarcane pulp prices rose by 10%, the short term price support.
Imported wood pulp high finishing, favorable market sentiment
Recently, with the downstream cost pressure of raw paper further magnified, the acceptance of high-priced pulp reduced, the northern part of the industry appropriate price cuts out of the pulp, coupled with the pulp futures plate back down, the negative spot market mentality, the transaction center of gravity slightly lower. But South China imported wood pulp in recent months continued to be tight, the port arrivals are mainly to the implementation of the previous contract, resulting in the spot can be circulated in short supply. Imported wood pulp prices in the South China market are firm and there is no sign of relaxation in the prices of imported coniferous pulp and broadleaf pulp.
Domestic imported wood pulp spot prices continue to run high, domestic eucalyptus pulp and domestic non-wood pulp price advantage, and domestic sugarcane pulp production capacity is basically concentrated in the Guangxi region, leading to domestic eucalyptus pulp and sugarcane pulp demand in the South China market. According to Zhuo Chuang information data monitoring, from May 14 to June 14, 2022, the average spot price of imported broadleaf pulp in South China was 6682/ton, the average price of bamboo and eucalyptus mixed pulp in South China was 5650/ton, and the average price of Guangxi sugarcane wet pulp was 5205/ton. The average spot price of imported broadleaf pulp is 1032/ton and 1459/ton higher than the average price of domestic eucalyptus pulp and domestic sugarcane pulp respectively.
Continuous rainy weather affects raw material supply
In terms of the current supply of sugarcane pulp, in addition to short-term maintenance of individual enterprises, most enterprises are in normal production under the support of sufficient orders, and individual relocated enterprises, recently resumed production, although still in a trial state, the daily volume is relatively limited, but for the overall sugarcane pulp production has a small increase in role.
For sugar cane pulp, eucalyptus pulp flexible conversion enterprises, the recent days of rainfall in Guangxi, affecting the purchase of raw materials for the production of eucalyptus pulp wood chips, raw material supply tension led to eucalyptus pulp production constraints, supporting the eucalyptus pulp prices rose, thus further boosting the price of sugar cane pulp and good market demand.
Orders continue to support, prices may remain firm
Recently downstream cost pressure on household paper, individual enterprises continue to issue price increase letter, but for the current pulp prices, pulp harvesting mentality or tend to wait and see. Pulp enterprises new orders to follow up or slightly slowed down, but the previous orders are sufficient, most pulp enterprises or stable shipments. In addition, although the price of imported wood pulp in the South China market is relatively firm, but due to the price of imported wood pulp in the North, some areas are loose, but the downstream operation tends to be cautious. It is expected that short-term sugarcane pulp prices or gradually stable. Watch the implementation of the downstream price increase letter and changes in the supply side of imported wood pulp.
Post time: Dec-01-2022