slot328| China's pulp port inventories are steadily accumulating: 1.2% month-on-month, and inventories are expected to increase slightly next week

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China's pulp port inventories rose slightly, indicating a reversal in the trend of de-warehousing.

According to the latest data, as of May 23, 2024, sample inventories at major pulp ports in China reached 180slot328.4,000 tons, an increase from the previous statistical cycleslot328The output was 21,000 tons, a growth rate of 1.2%. After destocking in the past two weeks, inventories began to show a slight increase. In particular, Qingdao Port, despite a slight increase in inventory, the shipment speed has basically remained at around 13,000 tons per day. On the contrary, Changshu Port's inventories declined, and shipments increased compared with the previous cycle, totaling more than 110,000 tons. It is expected that sample inventories at China's mainstream pulp ports will increase slightly to 1.82 million tons next Thursday, which is not much changed from current inventories, indicating that inventories may continue to grow slightly. The main reason is that the arrival volume at major ports is expected to decrease in the next statistical cycle. The reason is that the downstream raw paper industry has entered the traditional off-season, resulting in a decline in the operating rate of paper mills and a decrease in demand for pulp. Overall, the current inventory level at the port is at the average level during the year, and it is expected that the inventory level will remain at a relatively stable level for some time to come.

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