纸浆早报-20251217

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No clear core viewpoints presented in the given content 3. Summary by Related Catalogs 3.1 SP Main Contract Information - The closing price of the SP main contract on December 16, 2025, was 5468.00 [4] - The closing prices and related data for previous days are also provided, showing the price trends and changes such as daily percentage changes, basis differences [4] 3.2 Pulp Import Information - Import information for different pulp brands from various origins is presented, including port - dollar prices, Shandong - region RMB prices, and import profits. For example, the import profit of Canadian Golden Lion pulp is 24.94, while that of Canadian Lion pulp is - 337.30, and the import profit of Chilean Silver Star pulp is 60.46 [5] 3.3 Pulp Price Averages - The national and Shandong - region average prices of different types of pulp (coniferous, broad - leaved, natural, and chemical mechanical pulp) from December 10 - 16, 2025, are provided, with no price changes during this period [5] 3.4 Paper Product Indexes and Profit Margins - Indexes of different paper products (cultural paper, packaging paper, and living paper) are presented, with most remaining unchanged except for a 4 - point increase in the living - paper index [5] - Estimated profit margins of different paper products are also provided, showing some positive changes from December 11 - 16, 2025 [5] 3.5 Pulp Price Spreads - Price spreads between different types of pulp (coniferous - broad - leaved, coniferous - natural, coniferous - chemical mechanical, and coniferous - waste paper) from December 10 - 16, 2025, are given, showing some fluctuations [5]