纸浆早报-20260302

Group 1: Report Information - Report title: Pulp Morning Report [2] - Research team: Energy and Chemicals Team of the Research Center [2] - Date: March 2, 2026 [2] Group 2: SP Main Contract Closing Price - Closing price on February 27, 2026: 5246.00 [3] - Closing prices from February 13 to February 27, 2026: 5260.00, 5340.00, 5348.00, 5312.00, 5246.00 respectively [3] - Dollar - converted prices from February 13 to February 27, 2026: 664.54, 677.38, 680.16, 678.24, 668.12 respectively [3] - Daily price changes from February 13 to February 27, 2026: 0.42001%, 1.52091%, 0.14981%, - 0.67315%, - 1.24247% respectively [3] - Shandong Yinxing basis from February 13 to February 27, 2026: 50, 25, 27, 28, 79 respectively [3] - Jiangsu - Zhejiang - Shanghai Yinxing basis from February 13 to February 27, 2026: 50, 25, 17, 43, 79 respectively [3] Group 3: Import Profit and Price Information - Import profit calculation based on 13% VAT [4] - Import profit for Canadian Golden Lion, Lion and Chilean Yinxing: 183.60, - 403.81, - 171.26 respectively [4] - Port dollar prices for Canadian Golden Lion, Lion and Chilean Yinxing: 780, 730, 700 respectively [4] - Shandong region RMB prices for Canadian Golden Lion, Lion and Chilean Yinxing: 6300, 5310, 5325 respectively [4] Group 4: National and Regional Average Prices - From February 13 to February 27, 2026, national and Shandong regional average prices of coniferous pulp, broad - leaf pulp, natural pulp and chemimechanical pulp remained unchanged [4] - From February 13 to February 27, 2026, prices of cultural paper (double - offset index, double - copper index), packaging paper (white - card index) and living paper (living index) remained unchanged [4] Group 5: Profit Margin Estimates - Double - offset profit margin estimates from February 24 to February 27, 2026: - 2.9070%, - 2.9412%, - 2.8214%, - 2.8214% respectively [4] - Double - copper profit margin estimates from February 24 to February 27, 2026: 7.3250%, 7.2917%, 7.4083%, 7.4083% respectively [4] - White - card profit margin estimates from February 24 to February 27, 2026: - 8.2333%, - 8.2564%, - 8.1755%, - 8.1755% respectively [4] - Living paper profit margin estimates from February 24 to February 27, 2026: 6.7434%, 6.6356%, 6.6895%, 6.9949% respectively, with a change of 0.3054 on February 27 compared to February 24 [4] Group 6: Price Spreads - Coniferous - broadleaf spreads from February 13 to February 27, 2026: 755, 700, 710, 675, 675 respectively [4] - Coniferous - natural spreads from February 13 to February 27, 2026: - 90, - 35, - 25, - 60, - 75 respectively [4] - Coniferous - chemimechanical spreads from February 13 to February 27, 2026: 1435, 1490, 1500, 1465, 1450 respectively [4] - Coniferous - wastepaper spreads from February 13 to February 27, 2026: 3734, 3789, 3799, 3764, 3749 respectively [4]