永安期货纸浆早报-20250828

Report Overview - The report is a pulp morning report released by the Energy and Chemicals Team of the Research Center on August 28, 2025 [2] SP Main Contract Information - The closing price of the SP main contract on August 27, 2025, was 5010.00 [3] - The closing prices on August 26, 25, 22, and 21 were 5070.00, 5136.00, 5108.00, and 5130.00 respectively [3] - The corresponding US dollar - converted prices were 610.38, 617.80, 626.87, 620.90, and 623.85 respectively [3] - The daily price changes were -1.18343%, -1.28505%, 0.54816%, -0.42885%, and -0.11682% respectively [3] - The Shandong Yinxing basis on August 27 was 725, and the Jiangsu - Zhejiang - Shanghai Yinxing basis was 765 [3] Import Profit Information - Calculated with a 13% VAT and an exchange rate of 7.16 on the previous day, the import profit for Canadian Golden Lion pulp was -30.82, for Canadian Lion pulp was -476.28, and for Chilean Yinxing pulp was -160.38 [4] Price and Margin Information - From August 21 to 27, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, as did the Shandong regional average prices [4] - The prices of cultural paper (double - offset index, double - copper index), packaging paper (white - card index), and living paper (living index) also remained unchanged during this period [4] - However, the estimated profit margins of double - offset paper, double - copper paper, white - card paper, and living paper changed by 0.1814, 0.1602, 0.1358, and 0.1719 respectively from August 22 to 27 [4] Price Difference Information - On August 27, 2025, the price differences between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood and waste paper were 1560.00, 335, 1910, and 4159 respectively [4]