造纸产业链数据每周速递：本周文化纸价格上涨

Investment Rating - The report maintains a "Positive" investment rating for the paper and light industry [7] Core Viewpoints - The light manufacturing industry index decreased by 0.42%, underperforming the market by 1.42 percentage points, while the paper sub-sector fell by 1.78%, underperforming the market by 2.78 percentage points [3][14] - The four major sub-sectors of light manufacturing ranked by growth are packaging and printing, entertainment products, furniture, and the paper sector, with the latter experiencing a decline [3][14] Industry Data Tracking - Recent price movements show an increase in cultural paper prices, while prices for waste paper types have decreased [19][36] - The average price for double-sided paper rose by 3 CNY/ton, copperplate paper increased by 100 CNY/ton, and white cardboard prices remained stable [36] - The profitability of wood pulp paper products has improved, while that of waste paper products has declined [45] - In December 2024, the production inventory of the paper and paperboard manufacturing industry decreased by 6.4% month-on-month [21] Investment Recommendations - Suzano announced a price increase of 20 USD/ton for broadleaf pulp in March 2025, indicating a potential price recovery for cultural paper and white cardboard [5] - Recommended stocks include Sun Paper Industry (002078, Buy), Xianhe Shares (603733, Buy), Huawang Technology (605377, Buy), and Wuzhou Special Paper (605007, Accumulate) [5] - The report anticipates a gradual improvement in overall supply and demand in the industry, recommending Jiulong Paper (02689, Buy) and Shanying International (600567, Accumulate) [5]