纸浆早报-20260107

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core Viewpoints No core viewpoints are presented in the report. 3) Content Summaries SP Contract Information - The closing price of the SP main contract on January 6, 2026, was 5612.00, up 1.48282% from the previous day [2]. - The converted US dollar price on January 6, 2026, was 702.51 [2]. - The basis of Shandong Yinxing on January 6, 2026, was -22, and that of Jiangsu, Zhejiang and Shanghai Yinxing was also -22 [2]. Import Information - With a 13% VAT calculation, the import profit of Canadian Golden Lion was 77.83, while that of Canadian Lion was -262.80, and that of Chilean Silver Star was -1.18 [3]. Price Averages - From December 29, 2025, to January 6, 2026, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, as did the average prices in Shandong [3]. - The prices of cultural paper (double - offset index, double - copper index), packaging paper (white card index), and the living paper index remained mostly unchanged during this period, except for a slight change in the living paper index [3]. Profit Margins - The profit margins of double - offset paper, double - copper paper, white card paper, and living paper changed from December 30, 2025, to January 6, 2026. The changes were -0.3850, -0.3333, -0.2309, and -0.4167 respectively [3]. Price Spreads - The price spreads between softwood and hardwood, softwood and natural, softwood and chemimechanical, and softwood and waste paper showed some fluctuations from December 29, 2025, to January 6, 2026 [3].