纸浆早报-20260130

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - Not provided in the content 3. Summary by Relevant Catalogs SP Main Contract Information - The closing price of the SP main contract on January 29, 2026, was 5388.00, with a daily increase of 0.26051%. The corresponding US dollar price was 677.54 [4]. - The basis of Shandong Yinxing and Jiangsu - Zhejiang - Shanghai Yinxing on January 29, 2026, was 12 [4]. Import Profit and Price Information - With a 13% VAT calculation, the import profit of Canadian Golden Lion was 104.27, while that of Canadian Lion was - 448.06, and that of Chilean Yinxing was - 167.45 [5]. Pulp and Paper Price Averages - From January 23 to January 29, 2026, the national and Shandong regional average prices of softwood pulp, hardwood pulp, natural pulp, and chemical mechanical pulp remained unchanged [5]. - The indices of cultural paper (double - offset and double - copper), packaging paper (white card), and living paper remained stable during the same period [5]. Profit Margin Estimates - The estimated profit margins of double - offset paper, double - copper paper, white card paper, and living paper on January 29, 2026, were - 3.6856%, 6.6583%, - 8.6952%, and 7.5698% respectively, with no changes during the period from January 26 to January 29 [5]. Pulp Price Spreads - The spreads between softwood and hardwood pulp, softwood and natural pulp, softwood and chemical mechanical pulp, and softwood and waste paper pulp on January 29, 2026, were 800.00, 0, 1525, and 3824 respectively [5][6].