永安期货纸浆早报-20260324

Group 1: SP Main Contract Information - The closing price of the SP main contract on March 23, 2026, was 5188.00 [3] - The closing prices on March 20, 19, 18, and 17, 2026, were 5164.00, 5104.00, 5040.00, and 5088.00 respectively [3] - The corresponding dollar - converted prices were 655.82, 655.07, 645.51, 639.63, and 644.73 [3] - The daily price changes were 0.46476%, 1.17555%, 1.26984%, - 0.94340%, and - 2.75229% respectively [3] - The Shandong Yinxing basis on March 23, 2026, was 2, and on March 20, 19, 18, and 17, 2026, were 6, 21, 25, and 52 respectively [3] - The Jiangsu - Zhejiang - Shanghai Yinxing basis on March 23, 2026, was 2, and on March 20, 19, 18, and 17, 2026, were 6, 16, 35, and 87 respectively [3] Group 2: Import Profit and Price Information - For Canadian pulp, the CFR price of Golden Lion was 780 dollars, the RMB price in Shandong was 6300, and the import profit was 139.53 [4] - The CFR price of Lion was 730 dollars, the RMB price in Shandong was 5210, and the import profit was - 580.06 [4] - For Chilean pulp, the CFR price of Yinxing (90 - day letter of credit) was 710 dollars, the RMB price in Shandong was 5190, and the import profit was - 423.89 [4] Group 3: Pulp and Paper Price Averages - From March 17 to 23, 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 [4] - The average prices in Shandong for the same period also remained unchanged at 6245.00, 4775.00, 5400.00, and 3600.00 respectively [4] - The indices of cultural paper (double - offset and double - copper), packaging paper (white card), and tissue paper remained unchanged from March 18 to 23, 2026 [4] Group 4: Pulp and Paper Profit Margins - The estimated profit margins of double - offset, double - copper, white card, and tissue paper changed from March 18 to 23, 2026. The changes were - 0.6603, - 0.5666, - 1.0350, and - 0.7007 respectively [4] Group 5: Pulp Price Spreads - The price spreads between softwood and hardwood, softwood and natural, softwood and chemimechanical, and softwood and waste paper on March 23, 2026, were 600.00, - 210, 1380, and 3614 respectively [4]