银河期货双胶纸日报-20250522

Group 1: Report General Information - Report title: Double Offset Paper Daily Report [2] - Report date: May 22, 2025 [2] - Research institute: Commodity Research Institute, Galaxy Futures [1][6] - Researcher: Zhu Sixiang [4] Group 2: Investment Rating - No investment rating information provided Group 3: Core Viewpoints - The double offset paper market has seen individual price drops. The overall market sentiment and supply - demand pattern changes affect it, with the market continuing to strengthen but trading on a rigid - demand basis. New paper machine capacity ramping is basically completed, and raw material costs are relatively stable, while weak terminal consumption restricts market growth [4][7] Group 4: Summary by Directory 4.1 Data Analysis - No specific data analysis content provided other than price and cost data 4.2 Market Judgment - The double offset paper market has individual price declines. Paper mills are mainly on the sidelines with stable prices, and the supply side has little change. Dealers' sales pace is average, and in the North China market, individual specifications' transaction prices are down. Downstream printing factories mainly make rigid - demand purchases, with some export orders recovering but new demand being average. In Shandong, high - white double offset paper is priced at 5000 - 5200 yuan/ton, and some off - white double offset paper is in the 4700 - 5000 yuan/ton range, unchanged from the previous day [4] 4.3 Related Attachments - There are four figures including double offset paper production, in - plant inventory, social inventory, and production profit, with data from 2021 - 2025 [8][10]