SunSirs: China Wood Pulp Futures Price stopped Falling and callbacked, and the Spot is still Weak on October 20

　　Price: the market price of softwood pulp is 5,800 yuan / ton, and the market price of hardwood pulp is 4,540 yuan / ton

　　Wood pulp futures prices began to rebound at the bottom. The opening price of SP12 contract was 5,054 yuan / ton, and the closing price was 5,238 yuan / ton, with a daily increase of 1.28%. The rise of futures prices is mostly affected by the factors of moving positions 12 of main contracts, resulting in price stop and correction. However, at present, the market is still under great pressure, the port is slow to go to the warehouse, the weak downstream demand makes the spot price of wood pulp unable to be boosted, and the pressure on the supporting surface of pulp cost is still weakened. The price rise this time is mostly in the form of correction, but the general trend is still empty.

　　At present, the improvement of downstream operation is limited, the external market expectation is poor, the market wait-and-see mood is strong, and it is expected that the short-term pulp price in China may continue to be weakly adjusted.