轻工制造&纺织服饰行业周报：国内纸制品价格上行，冰雪经济热度提升

Investment Rating - The report maintains a "Neutral" rating for the light industry manufacturing and textile apparel sectors [11][49] - The report recommends "Increase" ratings for specific companies: Oppein Home, Sophia, Haotaitai, Pathfinder, and Semir Apparel [11][49] Core Insights - Domestic paper product prices are on the rise, supported by seasonal demand due to upcoming holidays [10][48] - The ice and snow economy is gaining traction, with a significant increase in interest in winter sports and related products, driven by government support [10][48] - The report highlights a structural shift in the luggage market, with significant regional disparities in performance [21][22] Industry News - International Paper will close a fluff pulp plant with an annual capacity of 300,000 tons by the end of the year [21] - The luggage market shows a stark contrast in performance across different regions, with some areas experiencing significant growth while others decline [21] High-Frequency Data - As of December 6, domestic TDI prices averaged 12,800 CNY/ton, up 200 CNY/ton week-on-week, while MDI prices averaged 18,600 CNY/ton, down 586.67 CNY/ton [23] - Domestic corrugated paper prices averaged 3,110 CNY/ton, up 80 CNY/ton week-on-week [29] Company Announcements - Lege Co., Ltd. plans to invest 700 million CNY in building an overseas warehouse in the United States [40] - Mousse Co., Ltd. has repurchased a total of 3,934,177 shares, accounting for 0.98% of its total share capital [40] Market Review - From December 2 to December 6, the light industry manufacturing sector underperformed the CSI 300 index by 0.21 percentage points, while the textile apparel sector outperformed by 0.38 percentage points [10][41] - The report notes that the packaging and printing sector performed well, benefiting from overall market conditions [41] Weekly Strategy - The report suggests that the upcoming holidays will support demand for paper products, potentially improving profitability for related companies [48] - The ice and snow economy is expected to become a new growth point for expanding domestic demand, positively impacting related sectors [48]