Jinwu Financial News | Paper stocks were under pressure across the board. Sunshine Paper (02002) fell 10.37%, Nine Dragons (02689) fell 3.37%, and Liwen Paper (02314) fell 2.96%.
According to the news, CITIC Futures said that the strong rise in pulp in the past month was mainly caused by the Red Sea incident, compounded by disruptions caused by the shutdown of some devices, but the divergence between US dollar quotes and market speculation and overall weak demand are still potential downside risks. Looking ahead to the future market, the bank believes that with the reduction in US dollar prices of coniferous pulp from some European suppliers, the current valuation has been repaired, and both upper and lower risks have increased to a certain extent. It is recommended to wait and see for the short term. It is expected that the market will still be dominated by shocks in the short term, with the core range of 5,600 to 6,000 yuan/ton.