First of all, from the perspective of cost, the spot market price of imported wood pulp has been under pressure recently. As pessimism dominates the market, pulp prices continue to be under pressure to sort out. Downstream paper companies have increased shipping pressure, slow consumption of raw material inventories, and the industry expects that some brands will be downgraded. The enthusiasm for stocking is not high, and market transactions are thin.
Secondly, from the perspective of supply, certain paper companies have not planned to shut down for maintenance since the Spring Festival. Inventory is still at a high level. In addition, due to poor shipment conditions, the destocking situation is not as optimistic as the inventory pressure continues to increase, and the market is still affected. Have a certain influence. Individual small and medium-sized paper companies have been shutting down for maintenance due to the lack of recent orders to reduce inventory pressure. The startup time has not yet been determined.
Secondly, from the demand side, under the influence of global public health incidents, downstream terminal demand continues to be sluggish, transactions are relatively rigid, and the shipments of paper companies and traders in various regions are not good. Individual paper companies are accompanied by a small amount of inventory clearance. Letting profit. Due to the impact of global public health events, the export of kraft paper companies is restricted, and the downstream procurement enthusiasm is not high, paper companies and distributors have lowered their offers by about 100-200/ton.