双胶纸数据日报-20251225

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - Recently, paper mills have issued a new round of price increase letters for double - coated paper. Currently, the market implementation is poor, but it has a certain effect on stopping the decline of the spot market. As the delivery month approaches, the possibility of further decline in double - coated paper futures is low. It is expected to run in a range mainly close to the ex - factory prices of double - coated paper spot of lower - priced delivery brands [7] 3. Summary According to Relevant Catalogs 3.1 Double - coated Paper Futures Data - On December 24, 2025, the price of 0P2602 was 4032, with a daily increase of 0.10% compared to December 23. The position of the main contract was 12,647, a daily decrease of 14.16% [5] 3.2 Spot Price Data 3.2.1 Double - coated Paper Price - Brands like Shandong Gaobai Swan, Shandong Benbai Tianyang, Shandong Benbai Mudan, Guangdong Gaobai Lanye, and Beijing Gaobai Ruixue had no daily or weekly price changes on December 24, 2025 [5] 3.2.2 Copperplate Paper Price - On December 24, 2025, the prices of Guangdong Chenming Xuerabbit and Guangdong Huaxia Taiyang had no daily or weekly changes. The price of Guangdong Jindong Dongfan had no daily change but a weekly decrease of 1.89%. The price of Shandong Chenming Xuerabbit had no daily change but a weekly decrease of 2.17%. The price of Shandong Taiyang Tianyang had no daily change but a weekly decrease of 1.05% [5] 3.3 Papermaking Raw Material Data - On December 24, 2025, the price of Shandong softwood pulp Yinxing was 5600 yuan/ton, with no daily or weekly changes. The price of Shandong hardwood pulp Jinyu was 4500 yuan/ton, with no daily or weekly changes. The price of Shandong softwood pulp Ezhen was 5250 yuan/ton, with no daily or weekly changes [6] 3.4 Double - coated Paper Supply and Demand Data 3.4.1 Production and Capacity Utilization - From November 7, 2025, to December 12, 2025, the production volume ranged from 20.57 to 20.88 million tons, and the capacity utilization rate ranged from 52.70% to 54.22% [6] 3.4.2 Inventory - From November 7, 2025, to December 12, 2025, the in - factory inventory ranged from 135.5 to 138.9 million tons, and the social inventory ranged from 53 to 54.2 million tons [6] 3.4.3 Production Gross Profit - From November 7, 2025, to December 12, 2025, the production gross profit of double - coated paper mainly using chemimechanical pulp ranged from 351 to 418 yuan/ton, and the production gross profit of double - coated paper mainly using hardwood pulp ranged from 21 to 146 yuan/ton [6]