永安期货纸浆早报-20251117
Yong An Qi Huo·2025-11-17 02:20

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View - No clear core view is presented in the provided content. It mainly offers data on paper pulp prices, import - related details, and price indices of paper products. 3. Summary by Related Content SP Main Contract Information - On November 14, 2025, the SP main contract's closing price was 5480.00, showing a - 0.97579% change from the previous day. The exchange - rate - converted dollar price was 681.44, and the Shandong and Jiangsu - Zhejiang - Shanghai Yinxing basis were both 70 [4]. Import Profit and Price Information - With a 13% VAT calculation, for the Jinshi brand from Canada, the CFR port dollar price was 780, the Shandong region's RMB price was 6200, and the import profit was - 127.94. For the Xiongshi brand from Canada, the CFR port dollar price was 730, the Shandong region's RMB price was 5550, and the import profit was - 366.79. For the Yinxing brand from Chile, with a 90 - day CFR letter of credit, the port dollar price was 680, the Shandong region's RMB price was 5550, and the import profit was 24.36 [5]. Price Index and Margin Information - From November 10 - 14, 2025, the national average prices of coniferous pulp, broad - leaf pulp, natural pulp, and chemical mechanical pulp remained unchanged. The same was true for the Shandong region's average prices. The price indices of cultural paper (double - offset and double - copper), packaging paper (white card), and living paper also remained unchanged during this period. However, the estimated profit margins of double - offset paper, double - copper paper, white card paper, and living paper changed, with the living paper's profit margin dropping by 0.7640 on November 14 compared to previous days [5]. Price Difference Information - From November 10 - 14, 2025, the price differences between coniferous and broad - leaf pulp, coniferous and natural pulp, coniferous and chemical mechanical pulp, and coniferous pulp and waste paper fluctuated slightly [5].