纸浆早报-20250825

Group 1: Report Information - Report title: Pulp Morning Report [2] - Research team: Energy and Chemicals Team of the Research Center [2] - Report date: August 25, 2025 [2] Group 2: SP Main Contract Closing Price - Closing price on August 22, 2025: 5108.00 [3] - Closing prices from August 18 - 22, 2025: 5252.00, 5178.00, 5136.00, 5130.00, 5108.00 respectively [3] - Dollar - converted prices from August 18 - 22, 2025: 638.77, 629.40, 624.46, 623.85, 620.90 respectively [3] - Daily price changes from August 18 - 22, 2025: - 1.01772%, - 1.40899%, - 0.81112%, - 0.11682%, - 0.42885% respectively [3] - Shandong Yinxing basis from August 18 - 22, 2025: 598, 672, 674, 670, 652 respectively [3] - Jiangsu, Zhejiang and Shanghai Yinxing basis from August 18 - 22, 2025: 633, 707, 704, 685, 692 respectively [3] Group 3: Import Information - Import profit calculation based on 13% VAT: Canada's Golden Lion (CFR, port price 780 dollars, Shandong RMB price 6350, profit - 48.45); Canada's Lion (CFR, port price 730 dollars, Shandong RMB price 5500, profit - 492.78); Chile's Yinxing (CFR letter of credit 90 days, port price 720 dollars, Shandong RMB price 5760, profit - 151.65) [4] - Exchange rate on the previous day: 7.18 [4] Group 4: Pulp and Paper Price Averages - National and Shandong regional pulp price averages from August 18 - 22, 2025 (including softwood, hardwood, natural color pulp, and chemimechanical pulp) showed no change [4] - Paper price indices (cultural paper, packaging paper, and tissue paper) from August 19 - 22, 2025 showed no change [4] Group 5: Paper Profit Margins - Profit margins of different types of paper from August 19 - 22, 2025: double - offset paper (4.8673%, 4.9980%, 5.0306%, 5.0306%), double - copper paper (22.6786%, 22.7929%, 22.8214%, 22.8214%), white cardboard (- 13.4568%, - 13.3580%, - 13.3333%, - 13.3333%), tissue paper (6.9550%, 7.1459%, 7.4515%, 7.7571%) [4] - Tissue paper profit margin change: 0.3056 [4] Group 6: Pulp Price Spreads - Price spreads between different types of pulp on August 22, 2025: softwood - hardwood 1600.00, softwood - natural color 360, softwood - chemimechanical 1935, softwood - waste paper 4184 [4]