造纸产业链数据每周速递：本周国废、高档箱板纸价格延续上涨态势

Investment Rating - The report maintains a "Positive" outlook for the paper and light industry in China [5] Core Insights - The light manufacturing industry index increased by 0.82%, outperforming the market by 2.38 percentage points, while the paper sub-sector rose by 1.11%, exceeding the market by 2.67 percentage points [12][14] - The prices of high-end corrugated paper have continued to rise, while cultural paper prices have declined [21][27] - The report highlights a mixed performance in profitability across different paper types, with high-end corrugated paper seeing an increase in profitability, while cultural paper profitability has decreased [27][31] Summary by Sections Market Overview - The light manufacturing industry index rose by 0.82%, while the paper sub-sector increased by 1.11%, ranking 4th among 28 primary industries [12][14] - The four major sub-sectors of light manufacturing ranked by growth are furniture, paper, cultural products, and packaging printing, with furniture and paper sectors increasing by 2.56% and 1.11% respectively [12][14] Industry Chain Data Tracking - Domestic waste paper prices increased by 10 CNY/ton, while foreign waste prices remained stable [16] - The average market price for high-end corrugated paper rose by 15 CNY/ton, while cultural paper prices fell by 38 CNY/ton for double glue paper and 30 CNY/ton for copper plate paper [21][25] - The inventory of wood pulp in two major Chinese ports reached 1.57 million tons, a 3.0% increase month-on-month [16][21] Profitability Analysis - The profitability of cultural paper decreased, with double glue paper profitability dropping by 26-49 CNY/ton and copper plate paper by 20-43 CNY/ton [27][31] - High-end corrugated paper profitability increased by 25 CNY/ton, while low-end corrugated paper profitability decreased by 5 CNY/ton [27][31] Production and Inventory - The cumulative production of mechanical paper and paperboard from January to June 2024 was 76.613 million tons, a year-on-year increase of 13.4% [32][33] - The inventory of finished products in the mechanical paper and paperboard manufacturing industry increased by 0.7% month-on-month in June 2024 [32][33] - Import and export volumes for paper and paperboard increased by 5.3% and 17.3% respectively in the first half of 2024 [32][33]