Industry Investment Rating - No information provided Core Viewpoints - The pulp market is undergoing short - term fluctuations. The external market quotations show a mixed trend, the supply - side tightening needs to be reflected in shipments, port inventories are at a high level, and downstream paper mills still aim to reduce costs and increase efficiency. The market is expected to continue its low - level volatile adjustment [8] Summary by Directory 1. Market Review and Operation Suggestions - The previous settlement price of the pulp futures 01 contract was 5268 yuan/ton, and the closing price was 5314 yuan/ton, a rise of 0.87%. The intended transaction price range of softwood pulp in the Shandong wood pulp market was 5000 - 6600 yuan/ton, remaining stable compared to the previous trading day. The quotation of Shandong Silver Star was 5600 - 5620 yuan/ton [7] - Chile's Arauco Company announced its new September wood pulp export quotations: softwood pulp Silver Star was 700 US dollars/ton, down 20 US dollars/ton from last month; natural pulp Venus was 590 US dollars/ton, unchanged from last month; hardwood pulp Star was 520 US dollars/ton, up 20 US dollars/ton from last month [8] - In August, the chemical pulp shipments of the world's 20 major pulp - producing countries increased by 10.3% year - on - year, with softwood pulp up 5% and hardwood pulp up 14.7%. China's total pulp imports in August were 2.653 million tons, a decrease of 7.9% month - on - month and 5.6% year - on - year. As of September 25, 2025, the weekly pulp inventory in major regions and ports decreased by 3.84% month - on - month [8] - In the downstream cultural paper market, affected by typhoon weather, the operation of individual production lines in South China declined, and the production of some downstream enterprises stagnated. The trading in the base paper market weakened, showing a weak and volatile trend [8] 2. Industry News - On September 25, the PM71 paper machine at Shanying's Suzhou base was successfully started. After the successful start of the PM72 at the same base, this is another major milestone achieved by Voith and Shanying. The dual - machine operation of PM71&72 at the Suzhou base marks a key step in Shanying's layout in the high - end corrugated base paper market [9] 3. Data Overview - The report presents multiple data charts, including import bleached softwood pulp spot prices in Shandong, pulp futures prices, pulp spot - futures price differences, softwood - hardwood price differences, inter - period price differences, European main port wood pulp inventories, copperplate paper and offset paper prices and price differences, white cardboard and whiteboard paper prices and price differences, and the US dollar - RMB exchange rate [15][24][30]

【环球网科技综合报道】8月1日消息，捷豹路虎公司宣布其全球首席执行官Adrian Mardell将于2025年12月31日正式退休，结束其长达35年的职业生涯。据 悉，作为捷豹路虎最资深的员工之一，Mardell的继任者选拔工作已启动，具体人选也将于后续公布。 资料显示，Adrian Mardell的职业生涯与捷豹路虎紧密交织。他于1990年加入该公司，历任财务、运营等多领域管理岗位，2018年升任首席财务官 （CFO）。2022年11月，时任CEO Thierry Bolloré因个人原因辞职后，Mardell临危受命，先以临时CEO身份接管该公司，并于2023年7月正式出任全球首席 执行官。 在其任期内，Mardell推动捷豹路虎完成"重塑未来"全球战略转型，聚焦电动化、智能化与可持续发展。捷豹路虎公司财务表现显著改善：2024/2025财年 （2024年4月1日至2025年3月31日）税前利润达25亿英镑，同比增长15%，创近十年新高；企业净债务清零，现金流状况大幅优化。此外，Mardell高度重视 中国市场，多次率核心管理层访华，推动"在中国为全球"战略落地，加速本土化研发与生产布局。 截至目前，捷豹 ...