Yongan Futures(SH:600927) Yong An Qi Huo·2025-08-08 02:19Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No clear core viewpoints are presented in the given content. 3. Summary by Related Catalogs SP Main Contract Information - On August 7, 2025, the SP main contract closed at 5186.00, with a daily increase of 0.30948%. The converted US dollar price was 630.76. The basis of Shandong Yinxing was 624, and that of Jiangsu, Zhejiang and Shanghai Yinxing was 714 [3]. Import Pulp Information - With a 13% VAT calculation, the import profit of Canadian Golden Lion pulp was 51.55, while that of Canadian Lion pulp was -392.78, and that of Chilean Silver Star pulp was -101.65. The exchange rate on the previous day was 7.18 [4]. Pulp Price Averages - From August 1 to August 7, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged at 6073.75, 4810.75, 5415.00, and 3686.25 respectively. The average prices in Shandong region also remained unchanged [4]. Paper Product Index and Profit Margin - From August 4 to August 7, 2025, the indices of cultural paper (double - offset and double - copper), packaging paper (white card), and living paper remained unchanged. The profit margins of double - offset paper, double - copper paper, white card paper, and living paper also remained unchanged on August 7 compared to previous days [4]. Pulp Price Differences - On August 7, 2025, the price differences between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood and waste paper pulp were 1700.00, 410, 1985, and 4234 respectively [4].