造纸轻工行业造纸产业链数据每周速递：本周国废、再生箱板纸价格均有提涨

Investment Rating - The report maintains a "Positive" investment rating for the paper and light industry in China [1]. Core Viewpoints - The light manufacturing industry index decreased by 0.46% this week, outperforming the market by 2.14 percentage points; the paper sub-sector fell by 0.09%, outperforming the market by 2.51 percentage points [9][24]. - The prices of domestic waste paper and recycled boxboard have increased this week, indicating a positive trend in the industry [10][11]. Summary by Sections 1. Market Review - The light manufacturing industry index fell by 0.46%, while the paper sub-sector decreased by 0.09%, ranking 7th among 28 primary industries [9][24]. - The four major sub-sectors of light manufacturing ranked by growth were entertainment products, paper, packaging and printing, and furniture, with entertainment products increasing by 3.12% [9][24]. 2. Industry Chain Data Tracking - Domestic waste paper prices increased by 40 CNY/ton this week, while foreign waste prices remained stable [10][35]. - The average price of domestic waste paper (excluding tax) is now 1535 CNY/ton, reflecting a 2.6% increase [10][35]. - The production of mechanical paper and paperboard from January to October 2024 increased by 10.6% year-on-year, with a total output of 12,994 million tons [10][11]. 3. Finished Paper - The average market price for double glue paper and copper plate paper remained stable, while white card paper increased by 3 CNY/ton [44]. - High-end boxboard prices remained stable, while low-end boxboard prices increased by 24 CNY/ton, reflecting a 0.9% rise [44]. 4. Profitability Levels - The profitability of finished paper products has improved, with double glue paper profitability increasing by 5-26 CNY/ton this week [10][11]. - The profitability of waste paper products also saw a slight increase of 2-3 CNY/ton [10][11]. 5. Recommendations and Investment Targets - The report recommends focusing on leading companies in the integrated pulp and paper industry, such as Sun Paper Industry (002078, Buy), Huawang Technology (605377, Buy), and Xianhe Co. (603733, Buy) [11]. - It also suggests paying attention to companies like Nine Dragons Paper (02689, Buy) and Shanying International (600567, Increase) due to the recovery in the boxboard and corrugated paper sector [11].