The pulp market will affect the development of the paper industry in the next decade, and import restrictions may increase market prices.

On November 27th, the much-watched pulp futures officially went on the Shanghai Futures Exchange. More than 200 people from domestic leading papermaking enterprises, financial institutions, consulting companies attended the listing ceremony.

In recent days, the Xiaolong Group has reduced the white waste recycling price by 200/ton, which is affected by the pulp futures. The control of the white waste market by Nine Dragons has not brought the pulp futures to the white waste market. It can be said that it suppresses the "idealized influence" that futures may bring to the market, and it also confirms the first daily limit of the first day of pulp futures trading on the Shanghai Futures Exchange.

As we all know, the raw material of pulp is partly from logs, and the supply of pulp from China is very small. In 2017, only imports of logs and sawn timber have exceeded 100 million cubic meters, and the dependence on foreign countries exceeds 55%. It is estimated that over 60% in 2020. . In 2017, the commercial harvesting of natural forests was stopped, and the production of wood was reduced by about 40 million cubic meters throughout the year, which means that imports will continue to increase. According to relevant experts, by 2020, China's wood consumption will be nearly 800 million cubic meters.

In the next 10 years, the paper industry will need to provide

As one of the four raw materials, wood has such a demand for foreign markets. According to relevant statistics, at present, China’s timber is the third imported country after the chip and oil, and is the second timber-consuming country and the first timber importer in the world.

The listing of pulp futures should give the market more speculative. In the next few years, China will import more and more logs from abroad, which means that the status of pulp will surely usher in the second climax of the paper industry and become a competition point for many paper mills to import.

With the continuous development of the paper industry, white waste is similar to the yellow plate. The external demand is one of the reasons for the high price of white waste. According to relevant statistics, paper companies rarely reduce the price of white waste. The reason for the one-time drop of 200 white waste in the dragon paper industry remains to be seen.

Responsible editor: Ge

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