永安期货纸浆早报-20250910

Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View No information provided. 3. Summary by Relevant Content 3.1 SP Main Contract Closing Price - The closing price of the SP main contract on 2025/09/09 was 4970.00, showing a -1.11421% decline from the previous day [3]. - The corresponding converted US dollar price was 608.62 [3]. - The basis of Shandong Yinxing was 720, and that of Jiangsu, Zhejiang, and Shanghai Yinxing was 740 [3]. 3.2 Import Profit and Price Information - With a 13% VAT calculation, the import profits of Canadian Golden Lion, Canadian Lion, and Chilean Yinxing were -45.57, -518.29, and -172.83 respectively [4]. - The port US dollar prices of Canadian Golden Lion, Canadian Lion, and Chilean Yinxing were 780, 730, and 720 respectively, and the Shandong region RMB prices were 6300, 5410, and 5690 respectively [4]. 3.3 Pulp and Paper Price and Margin Information - From 2025/09/03 to 2025/09/09, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged [4]. - The average prices in Shandong region also remained unchanged during the same period [4]. - The indices of cultural paper (double - offset index, double - copper index), packaging paper (white card index), and living paper (living index) remained unchanged from 2025/09/04 to 2025/09/09 [4]. - The estimated profit margins of double - offset paper, double - copper paper, white card paper, and living paper showed varying degrees of increase on 2025/09/09 compared to 2025/09/04, with changes of 0.1500, 0.1200, 0.0988, and 0.2674 respectively [4]. 3.4 Price Difference Information - The price differences between softwood and hardwood, softwood and natural, softwood and chemimechanical, and softwood and waste paper on 2025/09/09 were 1515.00, 290, 1865, and 4114 respectively [4].