SunSirs: China Wood Pulp Price increased significantly on December 1

　　Price: the market price of softwood pulp is 5,510 RMB/ ton, and the market price of hardwood pulp is 4,700 RMB/ ton

　　Recently, the price of pulp futures continued to rise violently. The opening price of SP2201 contract was 5,636 RMB/ ton, and the closing price was 5,980 RMB/ ton, with a daily increase of more than 6%. The main pulp contracts have been rising for ten consecutive years, and the spot price of wood pulp has also risen with the market. However, the market trading state is still dominated by rigid demand, and most of the onlookers in the downstream market. From the supply side, Canada’s natural disasters continued to ferment the supply chain problems, making Canadian coniferous wood pulp tight and expected to strengthen. Indonesia’s golden light suspended the supply of hardwood pulp. These favorable news have driven up the price of pulp.

　　At present, the external and spot prices have been raised one after another, and the price rise letters of downstream base paper have been issued one after another, which supports the improvement of pulp price. It is expected that the short-term wood pulp spot price in China may be strong and volatile.