Report Overview - The report is a pulp morning report released on October 30, 2025, by the energy and chemical team of the research center [2] SP Main Contract Information - On October 29, 2025, the closing price of the SP main contract was 5,242.00 [3] - The closing prices from October 23 - 29, 2025, were 5,250.00, 5,240.00, 5,258.00, 5,226.00, and 5,242.00 respectively, with daily changes of 0.57471%, -0.19048%, 0.34351%, -0.60860%, and 0.30616% [3] - The converted US - dollar prices from October 23 - 29, 2025, were 643.64, 642.32, 645.65, 642.60, and 642.60 respectively [3] - The Shandong Yinxing basis from October 23 - 29, 2025, was 350, 350, 242, 274, and 258 respectively [3] - The Jiangsu - Zhejiang - Shanghai Yinxing basis from October 23 - 29, 2025, was 310, 310, 277, 309, and 268 respectively [3] Pulp Price and Profit Information - With a 13% VAT calculation, for Canadian Golden Lion (CFR), the port US - dollar price was 780, the Shandong region RMB price was 6,200, and the import profit was - 127.94; for Canadian Lion (CFR), the port US - dollar price was 730, the Shandong region RMB price was 5,350, and the import profit was - 576.79; for Chilean Yinxing (CFR letter of credit 90 days), the port US - dollar price was 680, the Shandong region RMB price was 5,500, and the import profit was - 25.64 [4] - From October 23 - 29, 2025, the national average prices of softwood pulp, hardwood pulp, natural color pulp, and chemimechanical pulp remained unchanged at 6,073.75, 4,810.75, 5,415.00, and 3,686.25 respectively; the Shandong region average prices also remained unchanged [4] - From October 24 - 29, 2025, the cultural paper (double - offset index, double - copper index), packaging paper (white card index), and living paper (living index) prices remained unchanged at 5,725, 5,670, 4,350, and 841 respectively [4] - From October 24 - 29, 2025, the double - offset profit margin estimates changed from - 0.0430% to 0.2667%; the double - copper profit margin estimates changed from 13.0000% to 13.2903%; the white card profit margin estimates changed from - 10.2892% to - 9.2823%; the living paper profit margin estimates changed from 7.1459% to 7.0123%, with a change of 0.0191 on the 29th compared to the previous data [4] - From October 23 - 29, 2025, the softwood - hardwood price difference changed from 1,360 to 1,250; the softwood - natural color price difference changed from 200 to 100; the softwood - chemimechanical price difference changed from 1,800 to 1,700; the softwood - waste paper price difference changed from 4,024 to 3,924 [4]
永安期货纸浆早报-20251030
Yong An Qi Huo·2025-10-30 01:08