Autumn October, wood pulp and paper industry peak season can return hand in hand?

In October, wood pulp and spot continue to run counter

In October, the import of needle pulp continued the flat trend, and affected by the depreciation of the renminbi, paper mills, traders are low enthusiasm to take over. In November, Arauco in Chile and Ilim wood pulp in Russia, which have been announced, continued to report flat prices, and some companies reported that downstream buying at low prices, this round may be difficult to flat trade.
In the domestic spot market, the price trend of imported wood pulp in the spot market in October was mainly down, among which the prices of coniferous pulp and broad-leaf pulp dropped by 350-550 yuan/ton. By October 26, monitoring data showed that the monthly average price of imported needle pulp was 6684 yuan/ton, down 2.13% month on month and 5.76% year on year; The monthly average price of broad-leaf pulp was 6003 yuan/ton, down 2.15% month on month and 3.17% year on year.
Major Market Influencing Factors:
positive
Downstream white card letter price, support the current market
In late October, APP, Chenming, Sun and Bohui Paper Industry sent letters one after another to raise the price of white card paper by 100 yuan/ton since October 26 due to the rise in raw material prices, which is conducive to boosting market confidence.
Wood pulp outside the smooth, slow down the speed of spot decline
Since the beginning of this year, wood pulp in a high consolidation situation, the depreciation of the renminbi and the United States trade war and other factors lead to wood pulp spot cost pressure on the high side, business upside down trading. Imported wood pulp is relatively stable, indirectly conducive to slow down the price of the spot market.
negative
Pulp stock in the main area is slightly high finishing, affecting the enthusiasm of the industry to purchase raw materials
Since 2018, pulp stock in major regions in China has been in a high consolidation situation, as has pulp price. Wood pulp was imported to Qingdao in October