纸浆早报-20251128

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The report presents data on pulp prices, including SP main - contract closing prices, import prices, and prices of different types of pulp and paper products, showing that prices have remained stable recently [1][2] Group 3: Summary by Relevant Catalogs Pulp Futures Data - On November 27, 2025, the SP main - contract closing price was 5184.00, with a decline compared to previous days. The decline rate on November 27 was - 0.46083% [1] - The discount to US dollar price on November 27 was 642.20, and the basis of Shandong Yinxing and Jiangsu - Zhejiang - Shanghai Yinxing were 241 and 251 respectively [1] Pulp Import Data - With a 13% VAT calculation, the import of Canadian Golden Lion, Canadian Lion, and Chilean Silver Star pulp all showed losses. The import profits were - 110.31, - 555.29, and - 85.27 respectively [2] Pulp and Paper Product Price Data - From November 21 to November 27, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, and the average prices in Shandong area also remained unchanged [2] - The prices of cultural paper (double - offset index, double - copper index), packaging paper (white - card index), and tissue paper (tissue index) remained unchanged from November 24 to November 27, 2025 [2] Pulp and Paper Product Profit Margin Data - From November 24 to November 27, 2025, the estimated profit margins of double - offset paper, double - copper paper, white - card paper, and tissue paper changed. The changes were 0.6808, 0.1304, 0.0934, and 0.1146 respectively [2] Pulp Price Difference Data - From November 21 to November 27, 2025, the price differences between softwood and hardwood pulp, softwood and natural pulp, softwood and chemimechanical pulp, and softwood pulp and waste paper all showed certain changes [2]