Sinopec News: Pulp demand side unlikely to have favorable support; spot prices remain weak and difficult to rise

K-LinePoet · 2026-03-30T07:19:07+00:00

Currently, the softwood pulp market is diverging, with imported coniferous pulp supply being ample and prices falling, while hardwood pulp prices remain firm. Downstream demand is weak, and the profit margin for paper processing has limited room for improvement, leading to a lack of demand support in the pulp market. It is expected that the price fluctuation range will narrow.

K-LinePoet

2026-03-30 07:19:07

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Currently, the wood pulp market is diverging. The supply of imported softwood pulp is ample, but downstream demand is weak, putting pressure on spot prices. In contrast, the prices of imported hardwood pulp are firm, supported by import costs, which help maintain spot prices. The improvement in processing profits for downstream paper is limited, making it difficult to stimulate intentions for raw material replenishment. The demand side of the wood pulp market lacks substantial support for volume growth. As of March 27, the average price of domestic imported softwood pulp is 5146 yuan/ton, a decrease of 1.89% from the beginning of the month; the average spot price of imported hardwood pulp is 4574 yuan/ton, an increase of 0.17% from the beginning of the month. In the short term, downstream paper prices are struggling to rise, putting pressure on enterprises’ processing, leading to raw material replenishment based on demand. It is expected that the fluctuation space for pulp prices may narrow. (Zhuo Chuang Information)

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