造纸轻工行业造纸产业链数据每周速递：2月智利木浆外盘报价提涨20美元/吨

Investment Rating - The report maintains a "Positive" investment rating for the paper and light industry sector [6] Core Viewpoints - The light manufacturing industry index increased by 1.19%, underperforming the market by 4.64 percentage points, while the paper sub-sector rose by 4.17%, also underperforming the market by 1.66 percentage points [2][13] - Recent price increases in wood pulp, with a notable rise of $20 per ton for Chilean hardwood pulp, indicate a potential recovery in prices for cultural paper and white cardboard [4][18] Summary by Sections Market Review - The light manufacturing industry index rose by 1.19%, while the paper sub-sector increased by 4.17%, ranking 22nd among 28 first-level industries [2][13] - The four major sub-sectors of light manufacturing, ranked by growth, are paper, furniture, packaging and printing, and entertainment products, with paper and furniture sectors showing increases of 4.17% and 2.29% respectively [2][13] Industry Chain Data Tracking - The report highlights a decrease in domestic waste paper prices by 13 CNY/ton, while U.S. waste paper prices increased by $5/ton [22] - Chilean hardwood and softwood pulp prices both rose by $20/ton, with domestic hardwood pulp prices increasing by 162 CNY/ton and softwood pulp by 122 CNY/ton [23][30] - The total inventory of wood pulp at two major Chinese ports reached 1.62 million tons, reflecting a 7.1% increase [24][28] Investment Recommendations - The report recommends leading companies in the integrated forest-pulp-paper industry, such as Sun Paper (002078, Buy), and specialty paper leaders like Xianhe Co. (603733, Buy) [4] - It also suggests investing in high-end decorative paper leader Huawang Technology (605377, Buy) and food packaging paper leader Wuzhou Special Paper (605007, Accumulate) [4] - For waste paper products, it recommends Jiu Long Paper (02689, Buy) and Shanying International (600567, Accumulate) due to expected improvements in supply-demand dynamics [4]