胶版印刷纸：空单止盈离场

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The report suggests to close out short positions in offset printing paper [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - In the Shandong market, the prices of 70g Tianyang, 70g Chenming Yunjing, 70g Huaxia Taiyang, and 70g Benbai Mudan remained unchanged on February 6, 2026, compared to February 5, 2026. The prices were 4475 - 4675 yuan/ton, 4725 yuan/ton, and 4450 yuan/ton respectively [1] - In the Guangdong market, the prices of 70g Tianyang, 70g Chenming Yunbao, and 70g Huaxia Taiyang also remained unchanged on February 6, 2026, compared to February 5, 2026, at 4400 yuan/ton, 4600 yuan/ton, and 4700 yuan/ton respectively [1] - In terms of cost - profit, the pre - tax cost decreased by 6 yuan/ton, the pre - tax gross profit increased by 6 yuan/ton, the after - tax cost decreased by 5 yuan/ton, and the after - tax gross profit increased by 5 yuan/ton [1] - For futures, the closing price of OP2603.SHF increased by 10 yuan/ton, and OP2604.SHF increased by 34 yuan/ton. The 3 - 4 spread decreased by 24 yuan/ton [1] - Regarding the basis, in the Shandong market, the Tianyang - 03 basis decreased by 10 yuan/ton, and the Mudan - 03 basis decreased by 10 yuan/ton. In the Guangdong market, the Tianyang - 03 basis decreased by 10 yuan/ton [1] 3.2 Trend Intensity - The trend intensity of double - offset paper is 0, indicating a neutral trend. The range of trend intensity is from - 2 (most bearish) to 2 (most bullish) [1] 3.3 Industry News - In the Shandong market, the mainstream transaction price of high - white double - offset paper is 4650 - 4750 yuan/ton, and that of some white double - offset paper is 4400 - 4500 yuan/ton. The price is stable compared to the previous working day. Large - scale paper mills maintain normal production, some small and medium - sized paper mills are shut down, and most dealers sell at stable prices. The market sales are average [2] - In the Guangdong market, the mainstream transaction price of high - white double - offset paper is 4600 - 4700 yuan/ton, and that of white double - offset paper is 4400 yuan/ton. The price is the same as the previous working day. Paper enterprises' sales are average, dealers purchase cautiously, and downstream printing factories continue to make rigid - demand purchases. The market transaction center is temporarily stable [4]