Yongan Futures(SH:600927) Yong An Qi Huo·2025-09-04 03:40Group 1: SP Main Contract Information - The closing price of the SP main contract on September 3, 2025, was 5050.00 [3] - The closing prices on September 2, September 1, August 29, and August 28, 2025, were 5042.00, 5040.00, 5018.00, and 5002.00 respectively [3] - The corresponding converted US - dollar prices were 616.65, 615.59, 616.59, 613.87, and 611.42 [3] - The daily price changes were 0.15867%, 0.03968%, 0.43842%, 0.31987%, and - 0.15968% [3] - The Shandong Yinxing basis on September 3, 2025, was 700, and the Yangtze River Delta and Shanghai Yinxing basis was 715 [3] Group 2: Pulp Import Information - With a 13% VAT calculation, the import profit for Canadian Golden Lion pulp was - 72.01, for Canadian Lion pulp was - 518.04, and for Chilean Silver Star pulp was - 137.24 [4] - The port US - dollar prices for Canadian Golden Lion, Canadian Lion, and Chilean Silver Star were 780, 730, and 720 respectively [4] - The Shandong region's RMB prices for Canadian Golden Lion, Canadian Lion, and Chilean Silver Star were 6300, 5450, and 5750 respectively [4] Group 3: Pulp and Paper Price and Margin Information - From August 28 to September 3, 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 [4] - The Shandong region's average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp also remained unchanged at 6245.00, 4775.00, 5400.00, and 3600.00 respectively [4] - For cultural paper, packaging paper, and living paper, from August 29 to September 3, 2025, the double - offset index, double - copper index, white - card index, and living index remained mostly unchanged, with only the living index showing a change from 835 to 828 [4] - The estimated profit margins of double - offset paper decreased from 3.1399% on August 29 to 2.6354% on September 3, 2025, a change of - 0.5045 [4] - The estimated profit margins of double - copper paper remained at 18.6625% [4] - The estimated profit margins of white - card paper remained at - 13.5802% [4] - The estimated profit margins of living paper decreased from 7.5852% on August 29 to 7.4897% on September 3, 2025, a change of - 0.0382 [4] Group 4: Pulp Price Difference Information - From August 28 to September 3, 2025, the softwood - hardwood price difference decreased from 1565 to 1560 [4] - The softwood - natural pulp price difference increased from 325 to 350 [4] - The softwood - chemimechanical pulp price difference increased from 1900 to 1925 [4] - The softwood - waste paper price difference increased from 4149 to 4174 [4]