永安期货纸浆早报-20251023

Group 1: SP Contract Information - The closing price of the SP main contract on October 22, 2025, was 5220.00 [3] - The changes in the closing price, converted US dollar price, daily change, and basis of Shandong and Jiangsu-Zhejiang-Shanghai Silver Star from October 16 to October 22, 2025, are presented, with the highest daily increase of 5.47776% on October 17 [3] Group 2: Pulp Import Information - With a 13% VAT calculation, the import profits of Canadian Golden Lion, Canadian Lion, and Chilean Silver Star are -145.57, -593.29, and -101.92 respectively [4] Group 3: Pulp Price Information - From October 16 to October 22, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp, as well as the average prices in Shandong, remained unchanged [4] - During the same period, the indices of cultural paper (double-offset and double-copper), packaging paper (white card), and the living paper index also remained unchanged, except for a slight change in the living paper index on October 21 [4] - The profit margins of double-offset paper, double-copper paper, white card paper, and living paper from October 17 to October 22, 2025, are presented, with a -0.0955 change in the living paper profit margin [4] - From October 16 to October 22, 2025, the price differences between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood pulp and waste paper remained relatively stable [4]