永安期货纸浆早报-20250718

Report Summary 1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - No clear core view presented in the given content. 3. Summary by Relevant Catalog a. SP Main Contract Information - The closing price of the SP main contract on July 17, 2025, was 5264.00 [4]. - The price showed a 0.41969% increase compared to the previous day [4]. - The discount to US dollars was 640.21 on July 17, 2025 [4]. - The basis for Shandong Yinxing was 671, and for Jiangsu, Zhejiang, and Shanghai Yinxing was 726 on July 17, 2025 [4]. b. Pulp Price and Profit Information - With a 13% VAT calculation, for Canadian pulp, the CFR price of Golden Lion was 780 US dollars, with an import profit of 51.55 yuan in Shandong; the CFR price of Lion was 730 US dollars, with an import loss of -342.78 yuan [5]. - For Chilean Silver Star pulp with a 90 - day CFR letter of credit, the port US - dollar price was 720, and the import profit in Shandong was 23.35 yuan [5]. c. Pulp and Paper Price Averages - From July 11 to July 17, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged [5]. - The average prices in Shandong for these pulp types also remained unchanged during the same period [5]. - For cultural paper, packaging paper, and most of the indicators of living paper, there were no changes from July 14 to July 17, 2025, except for the living paper index which decreased by 2 [5]. d. Pulp Price Spreads - The spread between softwood and hardwood pulp was 1870.00 on July 17, 2025 [5]. - The spread between softwood and natural pulp was 535 on July 17, 2025 [5]. - The spread between softwood and chemimechanical pulp was 2170 on July 17, 2025 [5]. - The spread between softwood pulp and waste paper was 4359 on July 17, 2025 [5].