双胶纸数据日报-20260116

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - Recently, there has been a concentrated registration of warehouse receipts for double-offset paper in factory warehouses, relieving the delivery pressure on the 01 contract. Meanwhile, it is difficult for the double-offset paper futures to break through the previous high. At the current price, the long positions taking delivery on the 01 contract may have certain delivery profits. Without a further decline in the spot price, there is limited room for the futures price to fall further. It is expected to fluctuate in the range of 1100 - 4300 yuan/ton. Attention should be paid to the handling costs of the long positions after the first delivery of the 01 contract [6] Group 3: Summary by Relevant Catalogs Double-Offset Paper Futures Data - On January 15, 2026, the price of 0P2603 was 4110, with a day-on-day decrease of 0.10% compared to January 14, 2026. The trading volume of the main contract was 15,236, with a day-on-day decrease of 1.05% [3] Spot Price Data - Double-offset paper: The prices of various brands such as Shandong Gaobai Swan, Shandong Benbai Tianyang, etc., showed no day-on-day or week-on-week changes [3] - Copperplate paper: The price of Guangdong Chenming Xuetutu decreased by 1.08% week-on-week, while other brands showed no day-on-day or week-on-week changes [3] Papermaking Raw Material Data - Shandong broadleaf Jinyu: The price was 5515 yuan/ton, with a day-on-day decrease of 0.63% and a week-on-week decrease of 0.90% - Shandong coniferous Yinxing: The price was 4730 yuan/ton, with a day-on-day decrease of 0.21% and a week-on-week decrease of 0.21% - Shandong coniferous Ezhen: The price was 5090 yuan/ton, with a day-on-day decrease of 0.88% and a week-on-week decrease of 0.97% [4] Double-Offset Paper Supply and Demand Data - Production volume: On January 9, 2026, it was 20.3 million tons, remaining the same as on December 26, 2025 [4] - Capacity utilization rate: On January 9, 2026, it was 54.22%, showing an increase compared to previous periods [4] - Factory inventory: On January 9, 2026, it was 138.5 million tons, showing a slight decrease compared to previous periods [4] - Social inventory: On January 9, 2026, it was 53.8 million tons, showing a slight decrease compared to previous periods [4] - Production profit: The production profit of double-offset paper mainly using chemimechanical pulp was 335 yuan/ton, while that mainly using broadleaf pulp was 21 yuan/ton [4]