永安期货纸浆早报-20251028

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No relevant information provided 3. Summary by Related Catalog SP Main Contract Closing Price - On October 27, 2025, the SP main contract closing price was 5258.00, with a 0.34351% increase from the previous day [3]. - The closing prices from October 21 - 27, 2025, showed fluctuations, with increases on some days and a decrease on October 24 [3]. Import Profit Calculation - With a 13% VAT calculation, the import profit for Canadian Golden Lion was -145.57, for Canadian Lion was -593.29, and for Chilean Silver Star was -41.01 [4]. Pulp Price and Index - From October 21 - 27, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, as did the average prices in Shandong [4]. - The cultural paper, packaging paper, and living paper indices also remained unchanged during this period [4]. Profit Margin Estimation - From October 22 - 27, 2025, the estimated profit margins of offset paper, copperplate paper, white cardboard, and living paper changed, with increases in offset paper, copperplate paper, and white cardboard, and a decrease in living paper [4]. Price Spreads - From October 21 - 27, 2025, the price spreads between softwood and hardwood, softwood and natural, softwood and chemimechanical, and softwood and waste paper showed certain changes [4].