Yongan Futures(SH:600927) Yong An Qi Huo·2025-09-30 01:49Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View No information provided. 3. Key Points from the Report SP Main Contract Closing Price - On September 29, 2025, the SP main contract closing price was 4,878.00, with a -2.75120% change from the previous day [3]. - The closing prices from September 23 - 29, 2025, showed fluctuations, with the highest at 5,060.00 on September 25 and the lowest at 4,878.00 on September 29 [3]. Import Profit and Price Information - With a 13% VAT calculation, the import profit for Canadian Golden Lion pulp was -$145.57, for Canadian Lion pulp was -$518.29, and for Chilean Silver Star pulp was -$136.92 [4]. - The exchange rate on the previous day was 7.12, and the data was sourced from Zhuochuang [4]. Pulp Price Averages - From September 23 - 29, 2025, the national and Shandong region pulp price averages for various types (coniferous, broad - leaf, etc.) remained unchanged [4]. Paper Index and Profit Margin - From September 24 - 29, 2025, the cultural paper (double - offset, double - copper), packaging paper (white card), and living paper indices remained unchanged [4]. - The profit margins of different papers changed during this period, with the double - offset profit margin changing by -1.9528, double - copper by -0.7458, white card by 0.1091, and living paper by 0.2865 [4]. Pulp Price Spreads - The price spreads between different types of pulp (coniferous - broadleaf, coniferous -本色, etc.) showed some changes from September 23 - 29, 2025, such as the coniferous - broadleaf spread decreasing from 1,370 to 1,325 [4].