纸浆早报-20260225

Group 1: SP Main Contract Information - The closing price of the SP main contract on February 24, 2026, was 5340.00 [3] - The closing prices on February 13, 12, 11, and 10, 2026, were 5260.00, 5238.00, 5236.00, and 5202.00 respectively [3] - The corresponding dollar - converted prices were 677.38, 664.54, 662.67, 661.46, and 656.97 [3] - The daily price changes were 1.52091%, 0.42001%, 0.03820%, 0.65359%, and 0.03846% [3] - The Shandong Yinxing basis on February 24, 2026, was 25, and on February 13, 12, 11, and 10, 2026, were 50, 72, 74, and 108 respectively [3] - The Jiangsu - Zhejiang - Shanghai Yinxing basis on February 24, 2026, was 25, and on February 13, 12, 11, and 10, 2026, were 50, 72, 74, and 138 respectively [3] Group 2: Import Profit Information - For Canadian pulp, the CFR price of Golden Lion was 780, the RMB price in Shandong was 6300, and the import profit was 165.97 [4] - The CFR price of Lion was 730, the RMB price in Shandong was 5335, and the import profit was - 475.31 [4] - For Chilean pulp, the CFR price of Yinxing (90 - day letter of credit) was 710, the RMB price in Shandong was 5365, and the import profit was - 224.82 [4] Group 3: Pulp Price and Profit Margin Information - From February 10 to February 24, 2026, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, at 6073.75, 4810.75, 5415.00, and 3686.25 respectively [5] - The average prices in Shandong for the same period also remained unchanged, at 6245.00, 4775.00, 5400.00, and 3600.00 respectively [5] - The indices of cultural paper (double - offset and double - copper), packaging paper (white card), and living paper remained unchanged from February 11 to February 24, 2026 [5] - The profit margins of double - offset paper decreased by 0.7273, double - copper paper decreased by 0.6333, white card paper decreased by 0.4388, and living paper decreased by 1.7607 from February 11 to February 24, 2026 [5] - The price differences between softwood and hardwood pulp on February 24, 2026, was 700.00, and from February 10 to February 13, 2026, were 755 [5] - The price differences between softwood and natural pulp on February 24, 2026, was - 35, and from February 10 to February 13, 2026, were - 90 [5] - The price differences between softwood and chemimechanical pulp on February 24, 2026, was 1490, and from February 10 to February 13, 2026, were 1435 [6] - The price differences between softwood and waste paper on February 24, 2026, was 3789, and from February 10 to February 13, 2026, were 3734 [6]