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[News] The global pulp market has entered a period of deep adjustment

Release time:

Jul 19,2025

Global pulp market volatility from United States tariffs causes significant Chinese price declines amid persistent supply demand imbalance.

[News] The global pulp market has entered a period of deep adjustment
[News] The global pulp market has entered a period of deep adjustment
[News] The global pulp market has entered a period of deep adjustment
[News] The global pulp market has entered a period of deep adjustment

Recently, new U.S. tariff policies have intensified global pulp market volatility, triggering a significant price correction. The Chinese market faces substantial pressure, with the net price of bleached hardwood kraft pulp (BHKP) slumping nearly $80/ton within a month. Some transaction prices have fallen below the $500/ton psychological threshold, representing a cumulative decline exceeding 20% from April’s peak and reflecting eroded market confidence.

Domestically, some Chinese pulp producers are gradually restoring and expanding capacity amid adjusted environmental policies and recovering demand. Globally, the landscape is complex: while total April pulp shipments rose 2% year-on-year—driven by a 15% surge in exports to China—Latin American shipments fell 9%. The market is closely monitoring potential redirection of Chinese pulp exports diverted from the U.S. market.

Despite resilient Chinese demand, the global supply-demand imbalance persists short-term. Major producers like Suzano maintain capacity strategies, signaling intensifying competition. China-U.S. trade friction effects are propagating through supply chains, potentially reshaping pulp trade flows, regional balances, and international pricing mechanisms.

Market participants must proactively adapt to this new paradigm, leverage transformation opportunities, and strengthen fundamentals to ensure sustainable development amid challenges.

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