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造纸产业链数据每周速递:本周铜版纸、白卡纸价格有所上涨
Orient Securities·2025-02-17 00:35

Investment Rating - The report maintains a "Positive" investment rating for the paper and light industry [7] Core Views - The light manufacturing industry index increased by 1.30%, outperforming the market by 0.11 percentage points; the paper sub-sector rose by 0.56%, underperforming the market by 0.63 percentage points [3][14] - The four major sub-sectors of light industry ranked by growth are entertainment products, furniture, paper, and packaging printing, with increases of 3.80%, 1.70%, 0.56%, and 0.22% respectively [3][14] Industry Performance - The paper sub-sector's performance in the market is ranked 11th among 28 first-level industries [3][14] - The overall market performance for the week shows the Shanghai and Shenzhen 300 index increased by 1.19% [3][14] Price Trends - Recent price increases were noted for copperplate paper, white card paper, and high-end corrugated paper, while other paper types remained stable [39] - The average market price for copperplate paper rose by 50 CNY/ton, white card paper by 13 CNY/ton, and high-end corrugated paper by 15 CNY/ton [39][44][46] Profitability - Profitability for finished paper products has improved, with increases in profit levels for various paper types: double glue paper by 1-21 CNY/ton, copperplate paper by 45-64 CNY/ton, white card paper by 13-29 CNY/ton, and waste paper products by 20-30 CNY/ton [48][50][52] Supply Chain Data - The domestic waste paper price decreased by 16 CNY/ton, while foreign waste prices remained stable [25] - The inventory of wood pulp at two major Chinese ports reached 1.62 million tons, an increase of 7.1% compared to the previous month [26][34]