The spot price difference of the hottest pulp futu

2022-08-08
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On the first day of listing, the spot price difference of pulp futures was nearly 1000 yuan per ton

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core tips: [China Packaging News] on November 27, pulp futures were listed. The listed contracts on that day were six contracts, namely, sp1906, sp1907, sp1908, sp1909, sp1910 and sp1911. The listed benchmark price was

[China Packaging News] on November 27, pulp futures were listed. The listing contracts on that day were sp1906, sp1907, sp1908, sp1909, sp1910 and sp1911. Another trend is the design innovation contract. The listing benchmark prices are all 5980 yuan/ton, and the range of rise and fall limit on the first day of listing is 10%

pulp futures fell by the limit on the first day of listing, with a difference of nearly 1000 yuan per ton from the domestic spot price.

as of the closing of the day, except for the sp1907 contract, the other five contracts fell by the limit, at 5382 yuan/ton. The trading volume of the main contract sp1906 on the same day exceeded 470000 hands, with a position of more than 70000 hands, and the difference with the domestic spot price was close to 1000 yuan/ton

Yuanming, director of energy and chemistry of Nanhua Futures Research Institute, said that the decline in the first day of shipment due to the emergence of pulp period among many packaging materials enterprises was mainly affected by the following aspects:

first of all, the inventory at domestic ports is at a high level, and the inventory at major domestic import ports such as Qingdao port, Changshu port and Baoding port has reached a new high in the past five years, especially the existing inventory at Qingdao port has exceeded that of PEEK filler, which can be used for up to 800000 tons in three years, High inventory puts pressure on the price of pulp

in addition, the demand for downstream paper products of pulp was weak, and the prices of major paper products such as cultural paper and packaging paper fell and shipments were poor. The operating rate of paper mills is low, and some paper mills take the initiative to stop production and remove inventory, which also leads to the low demand for wood pulp

some experts believe that due to the recent sharp decline in international crude oil and the continuous decline in bulk commodity trading, the market has low expectations for the future economy

in the medium and long term, pulp futures are conducive to reducing the price risk of the paper industry chain

how about the future market of pulp futures? Yuanming, the energy and chemical director of Nanhua Futures Research Institute, believes that from a fundamental point of view, the short-term pulp price probability will continue to be depressed

however, in the medium and long term, the listing of pulp futures will help reduce the price risk of the whole paper-making related industry chain, provide risk hedging tools for paper-making related enterprises, better avoid market risks, reduce operating costs, and enhance the market competitiveness of China's paper-making industry

at the same time, the listing of new pulp varieties is conducive to the commodity variety system of China's futures market. However, due to the constraints of various factors, it will be gradually improved, which is conducive to the allocation of global financial resources and enhance the service capacity for national economic and social development

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