永安期货纸浆早报-20250929

Report Summary 1. Report Information - Report Title: Pulp Morning Report - Research Team: Energy and Chemicals Team of the Research Center - Date: September 29, 2025 [2] 2. SP Main Contract Information - Closing Price on September 26, 2025: 5016.00 - Price Changes: -0.86957% compared to the previous day - Basis: Shandong Yinxing basis was 594, and Jiangsu-Zhejiang-Shanghai Yinxing basis was 609 on September 26, 2025 [3] 3. Import Information - Import Profits: Calculated based on 13% VAT, the import profit of Jinsi was -154.38, Xiongshi was -526.54, and Yinxing was -99.83 [4] 4. Price Information - National Average Prices: From September 22 to September 26, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged - Shandong Regional Average Prices: Also remained unchanged during the same period - Paper Product Indexes: The indexes of cultural paper, packaging paper, and tissue paper remained unchanged - Profit Margins: The profit margins of double-offset paper, double-coated paper, white cardboard, and tissue paper remained unchanged [5] 5. Price Spread Information - Price Spreads: From September 22 to September 26, 2025, the price spreads between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood pulp and waste paper remained relatively stable [5]