Yongan Futures(SH:600927) Yong An Qi Huo·2025-08-05 05:24Report Summary 1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - No clear core viewpoints presented in the given content 3. Summary by Relevant Catalogs SP Main Contract Information - On August 4, 2025, the closing price of the SP main contract was 5168.00, showing a -0.34709% change from the previous day [3] - The discount to US dollars was 628.64 on August 4, 2025 [3] - The basis of Shandong Yinxing was 682, and that of Jiangsu, Zhejiang and Shanghai Yinxing was 757 on August 4, 2025 [3] Import Profit and Price Information - With a 13% VAT calculation, the import profit of Canadian Golden Lion was 51.55, while that of Canadian Lion was -342.78, and that of Chilean Yinxing was -61.65 on August 4, 2025 [4] - The port US - dollar price of Canadian Golden Lion was 780, Canadian Lion was 730, and Chilean Yinxing was 720 [4] - The RMB price in Shandong area of Canadian Golden Lion was 6450, Canadian Lion was 5635, and Chilean Yinxing was 5850 [4] Pulp and Paper Price and Margin Information - From July 29 to August 4, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, as did the average prices in Shandong area [4] - The indices of cultural paper (double - offset, double - copper), packaging paper (white card), and living paper remained unchanged from July 30 to August 4, 2025 [4] - The estimated profit margins of double - offset paper, double - copper paper, white card paper, and living paper showed some positive changes from July 30 to August 4, 2025, with changes of 0.1286, 0.1121, 0.0975, and 0.1528 respectively [4] Pulp Price Difference Information - From July 29 to August 4, 2025, the price differences between softwood and hardwood, softwood and natural, softwood and chemimechanical, and softwood and waste paper all showed a decreasing trend [4]