造纸产业链数据每周速递：本周文化纸、白卡纸价格均有提涨

Investment Rating - The report maintains a "Positive" investment rating for the paper and light industry in China [1]. Core Views - The light manufacturing industry index increased by 5.35%, outperforming the market by 4.04 percentage points, while the paper sub-sector rose by 1.18%, underperforming the market by 0.13 percentage points [10][24]. - The report highlights that the prices of cultural paper and white card paper have increased, indicating a positive trend in the market [12][14]. Summary by Sections 1. Market Review - The light manufacturing industry index rose by 5.35%, ranking third among 28 first-level industries, while the paper sub-sector increased by 1.18% [10][24]. - The four major sub-sectors of light manufacturing, ranked by growth, are entertainment products (up 21.70%), furniture (up 5.76%), packaging and printing (up 1.86%), and paper (up 1.18%) [10][24]. 2. Industry Chain Data Tracking - The national waste price increased by 31 CNY/ton, while the price of American waste OCC in Southeast Asia rose by 5 USD/ton [11][33]. - The prices of finished paper products have generally increased, with double-sided paper and copper plate paper both rising by 50 CNY/ton, and white card paper increasing by 16 CNY/ton [11][44]. - The profitability of finished paper products has improved, with double-sided paper profitability increasing by 70-71 CNY/ton, and copper plate paper profitability increasing by 70 CNY/ton [11][50]. 3. Production and Inventory - The production of mechanical paper and paperboard in October 2024 was 13,347,000 tons, a year-on-year increase of 2.4% [11][29]. - The inventory of finished products in the paper and paper products industry decreased by 2.3% month-on-month in October 2024 [11][29]. 4. Investment Recommendations - The report recommends investing in leading companies in the integrated paper industry, such as Sun Paper Industry (002078, Buy), Huawang Technology (605377, Buy), Xianhe Co., Ltd. (603733, Buy), and Wuzhou Special Paper (605007, Hold) [12]. - For waste paper products, it suggests关注玖龙纸业 (02689, Buy) and 山鹰国际 (600567, Hold) due to the recent price increases in national waste and recycled boxboard [12].