纸浆早报-20250917

General Information - Report Title: Pulp Morning Report [2] - Report Date: September 17, 2025 [2] - Research Team: Energy and Chemicals Team of the Research Center [2] SP Main Contract Closing Price - Closing price on September 16, 2025: 5068.00 [3] - Price changes from September 10 - 16, 2025: 0.52314%, 0.40032%, -0.51834%, 1.32265%, 0.23734% respectively [3] - Discounted US dollar price on September 16, 2025: 621.53 [3] - Shandong Yinxing basis on September 16, 2025: 582 [3] - Jiangsu, Zhejiang and Shanghai Yinxing basis on September 16, 2025: 612 [3] Import Pulp Price and Profit - Calculated with 13% VAT, import profits of Canadian Golden Lion, Canadian Lion and Chilean Yinxing are -145.57, -533.29 and -212.83 respectively [4] Pulp and Paper Price and Margin - From September 10 - 16, 2025, there is no change in the national average price of softwood pulp, hardwood pulp, natural pulp and chemimechanical pulp, as well as the average price in Shandong region [4] - From September 11 - 16, 2025, there is no change in the prices of cultural paper (offset index, coated index), packaging paper (white card index) and household paper (household index) [4] - From September 11 - 16, 2025, the changes in estimated margins of offset paper, coated paper, white card and household paper are -0.9701, -1.6070, 0.0368 and -0.4202 respectively [4] Pulp Price Spread - On September 16, 2025, the price spreads between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood pulp and waste paper are 1460.00, 250, 1825 and 4074 respectively [4]