永安期货纸浆早报-20250902

Report Summary 1. Report Information - Report Title: Pulp Morning Report - Research Team: Energy and Chemicals Team of the Research Center - Date: September 2, 2025 [2] 2. SP Main Contract Information - Closing Price on September 1, 2025: 5040.00 - Closing Prices and Related Data from August 26 - September 1, 2025 are provided, including dollar - converted prices, daily price changes, and basis differences in Shandong and Jiangsu - Zhejiang - Shanghai regions [3] 3. Import Profit Information - With a 13% VAT calculation, import profit data for different pulp brands from various origins are presented. For example, the import profit of Canadian Golden Lion is - 54.38, and that of Chilean Silver Star is - 120.97 [4] 4. Price and Margin Information - National and Shandong regional average prices of different pulp types (coniferous, broad - leaf, natural color, and chemical mechanical pulp) from August 26 - September 1, 2025 show no change. - Indexes and profit margins of different paper types (cultural, packaging, and living paper) are also provided. The living paper index changed by 7, and the living paper profit margin changed by - 0.0573 from August 27 - September 1, 2025. - Price differences between different pulp types (coniferous - broadleaf, coniferous - natural color, coniferous - chemical mechanical, and coniferous - waste paper) are presented for different dates [5]