永安期货纸浆早报-20251010

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No clear core viewpoints are presented in the given content. 3. Summary by Related Catalogs SP Main Contract Information - The closing price of the SP main contract on 2025/10/09 was 4804.00, with a -0.62060% change from the previous day [3]. - The converted US dollar price on 2025/10/09 was 592.24 [3]. - The Shandong Yinxing basis on 2025/10/09 was 731, and the Jiangsu, Zhejiang, and Shanghai Yinxing basis was 756 [3]. Pulp Price and Profit Information - With a 13% VAT calculation, the import profit for Canadian Golden Lion pulp was -145.57, for Canadian Lion pulp was -588.29, and for Chilean Yinxing pulp was -166.92 [4]. - From 2025/09/25 to 2025/10/09, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged [4]. - The prices of cultural paper, packaging paper, and tissue paper also remained unchanged during this period, but the profit margins of some paper types changed [4]. - The profit margin of offset paper increased by 0.1032, the profit margin of coated paper increased by 0.0948, the profit margin of white cardboard increased by 0.0728, and the profit margin of tissue paper increased by 0.3246 from 2025/09/26 to 2025/10/09 [4]. - The price differences between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood and waste paper pulp changed slightly during this period [4].