经济导报记者 贾义航 近日，中国人民银行日照市分行指导日照银行成功落地山东首批造纸行业转型金融融资1.25亿元。其中，为亚太森博（山东）浆纸有限公司（下称"亚太 森博"）办理转型金融信用证业务融资1.2亿元，通过供应链融资方式为日照晓龙泰纸业有限公司（下称"日照晓龙泰"）上游企业办理转型金融贷款500万 元。 近年来，亚太森博持续运用金融手段推动绿色转型。2023年5月，亚太森博与中国农业银行、中国进出口银行、交通银行、招商银行等银行机构签署了总 额为10亿元的全国首单外资可持续发展挂钩银团贷款。 日照晓龙泰成立于2018年，通过技改投入推进产品多元化布局和企业转型升级，具备20万吨包装纸及1万吨特种纸生产能力。中国人民银行日照市分行引 导日照银行，为日照晓龙泰上游客户办理供应链融资"橙信贷"500万元，约定若日照晓龙泰达到碳减排绩效，其上游客户将享受利率优惠，以此激励企业 带动供应链协同转型发展。 据悉，日照浆纸一体化产业集群入选2025年度山东省"十强产业"雁阵型产业集群名单，是日照十二大重点产业链之一。近年来，造纸产业低碳转型升级成 为行业重要发展方向。转型金融作为绿色金融大文章的重要组成部分，更加侧重 ...

纸浆早报 研究中心能化团队 2026/01/09 SP主力合约收盘价： 5504.00 | 日期 | 2026/01/08 | 2026/01/07 | 2026/01/06 | 2026/01/05 | 2025/12/31 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5504.00 | 5596.00 | 5612.00 | 5530.00 | 5532.00 | | 折美元价 | 688.88 | 699.49 | 702.51 | 692.18 | 691.61 | | 距上一日涨跌 | -1.64403% | -0.28510% | 1.48282% | -0.03615% | -0.64655% | | 山东银星基差 | 61 | -6 | -22 | 35 | 58 | | 江浙沪银星基差 | 71 | -6 | -22 | 30 | 28 | 以13%增值税计算 | 产地 | 品牌 | 价格说明 | 港口美元价格 | 山东地区人民币价格 | 进口利润 | | --- | --- | --- | --- | --- | --- | | ...

| 产地 | 品牌 | 价格说明 | 港口美元价格 | 山东地区人民币价格 | 进口利润 | | --- | --- | --- | --- | --- | --- | | 加拿大 | 金狮 | CFR | 780 | 6300 | 69.01 | | | 雄狮 | CFR | 730 | 5590 | -246.05 | | 智利 | 银星 | CFR信用证 90天 | 700 | 5590 | -9.09 | 注：上一日汇率 - 6.99 美元价格以及人民币价格均采用卓创数据，以13%增值税计算 | 日期 | | | 全国均价 | | | | 山东地区均价 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 针叶浆 | 阔叶浆 | 本色浆 | 化机浆 | 针叶浆 | 阔叶浆 | 本色浆 | 化机浆 | | 2025/12/30 | 6073.75 | 4810.75 | 5415.00 | 3686.25 | 6245.00 | 4775.00 | 5400.00 | 3600.00 | | 2025/12/31 | 6073.7 ...

中金发布研报称，造纸产业链目前呈现"资源端高度集中，加工端分散博弈"特征，纸浆作为稀缺禀赋资 源品、掌握强定价权。当前中国纸企已步入存量博弈成熟期，单纯靠资本开支驱动的增长难以为继，战 略核心已转向利用自有纤维对冲金融属性强的浆价波动。继续看好2026年"林浆纸一体化"龙头表现，在 资源约束与成本波动下，一体化是实现成本对冲与资源重估的核心。建议聚焦具备高纤维自给率、拥有 资源壁垒的"价值整合者"。 本文源自：格隆汇 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 02689 | 玖龙纸业 | 6.890 | 10.42% | | 02314 | 理文造纸 | 3.090 | 6.92% | | 01812 | 眉暗纸业 | 0.810 | 3.85% | 1月7日，港股纸业股涨幅进一步扩大，其中，玖龙纸业大涨超10%刷新阶段新高，理文造纸涨近7%， 晨鸣纸业涨近4%。 消息上，近期，以玖龙、山鹰、理文、荣成为代表的包装纸企业大规模停机检修，主动收缩产能；博 汇、APP、万国纸业、亚太森博等白卡纸及文化纸厂商集体宣布涨价。这种"停机+涨价"的并存的现 ...

中金发布研报称，造纸产业链目前呈现"资源端高度集中，加工端分散博弈"特征，纸浆作为稀缺禀赋资 源品、掌握强定价权。当前中国纸企已步入存量博弈成熟期，单纯靠资本开支驱动的增长难以为继，战 略核心已转向利用自有纤维对冲金融属性强的浆价波动。继续看好2026年"林浆纸一体化"龙头表现，在 资源约束与成本波动下，一体化是实现成本对冲与资源重估的核心。建议聚焦具备高纤维自给率、拥有 资源壁垒的"价值整合者"。 | 代码 | 名称 | 最新价 涨跌幅 v | | --- | --- | --- | | 02689 | 玖龙纸业 | 6.890 10.42% | | 02314 理文造纸 | | 3.090 6.92% | | 01812 | 眉喝纸业 | 0.810 3.85% | 港股纸业股涨幅进一步扩大，其中，玖龙纸业大涨超10%刷新阶段新高，理文造纸涨近7%，晨鸣纸业 涨近4%。 消息上，近期，以玖龙、山鹰、理文、荣成为代表的包装纸企业大规模停机检修，主动收缩产能；博 汇、APP、万国纸业、亚太森博等白卡纸及文化纸厂商集体宣布涨价。这种"停机+涨价"的并存的现 象，凸显不同纸种在成本结构、供需关系和市场预期上的显著 ...

纸浆早报 研究中心能化团队 2026/01/07 SP主力合约收盘价： 5612.00 | 日期 | 2026/01/06 | 2026/01/05 | 2025/12/31 | 2025/12/30 | 2025/12/29 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5612.00 | 5530.00 | 5532.00 | 5568.00 | 5510.00 | | 折美元价 | 702.51 | 692.18 | 691.61 | 696.05 | 686.78 | | 距上一日涨跌 | 1.48282% | -0.03615% | -0.64655% | 1.05263% | -2.13144% | | 山东银星基差 | -22 | 35 | 58 | 22 | 80 | | 江浙沪银星基差 | -22 | 30 | 28 | -8 | 50 | 以13%增值税计算 | 产地 | 品牌 | 价格说明 | 港口美元价格 | 山东地区人民币价格 | 进口利润 | | --- | --- | --- | --- | --- | --- | | 加 ...

Core Viewpoint - The straw industry in China is deeply integrated with agriculture, energy, chemicals, and building materials, forming various industrial chains that enhance rural employment and farmers' income while creating indirect economic value through the substitution of petrochemical and wood resources [2][10]. Market Policy - The Chinese government has implemented a series of policies to promote comprehensive utilization of straw, including subsidies, market construction, and incentive measures, providing a favorable policy environment for the development of the straw recycling and processing industry [2][10][12]. - Key policies include the "Air Quality Continuous Improvement Action Plan," which emphasizes the comprehensive utilization of straw and the prohibition of burning, aiming to stabilize the comprehensive utilization rate of straw above 86% [12][10]. Utilization Volume and Rate - The comprehensive utilization of straw in China is projected to increase from 555 million tons in 2024 to 647 million tons, with feed usage accounting for approximately 18.4%, raw material and substrate fields about 1.8%, edible fungus substrate around 2.3%, and fuel fields about 8.2% [2][10]. - The comprehensive utilization rate of straw is expected to rise from 77.7% in 2024 to 88.3%, with the market size growing from 147.63 billion yuan to 205.10 billion yuan [2][10]. Industry Chain - The straw industry chain in China consists of three levels: upstream resource supply and equipment manufacturing, midstream processing and technology conversion, and downstream diversified applications, moving towards scale, high value, and intelligence [13][14]. - The upstream includes straw resource sources, collection, storage, and machinery, while the midstream focuses on processing and technology conversion, leading to applications in agriculture, energy, building materials, and environmental protection [13][14]. Related Companies - Listed companies involved in the straw industry include Sierte (002538), Yili Group (600887), Huarui Agriculture (833462.NQ), Xuerong Biological (300511), Shouxiangu (603896), Disen Co. (300335), Changqing Group (002616), Sun Paper (002078), and Shengquan Group (605589) [2].

纸浆早报 研究中心能化团队 2026/01/06 SP主力合约收盘价： 5530.00 | 日期 | 2026/01/05 | 2025/12/31 | 2025/12/30 | 2025/12/29 | 2025/12/26 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5530.00 | 5532.00 | 5568.00 | 5510.00 | 5630.00 | | 折美元价 | 692.18 | 691.61 | 696.05 | 686.78 | 702.06 | | 距上一日涨跌 | -0.03615% | -0.64655% | 1.05263% | -2.13144% | 0.46395% | | 山东银星基差 | 35 | 58 | 22 | 80 | -40 | | 江浙沪银星基差 | 30 | 28 | -8 | 50 | -70 | | 日期 | | | 全国均价 | | | | 山东地区均价 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 针叶浆 ...

项目储备稳步扩大、支撑更有力。紧盯国家政策导向和资金投向，聚焦构建"5512"现代产业体系，抓早 抓紧谋划储备一批打基础、利长远、增后劲的重大项目。截至目前，全市共谋划"十五五"项目1800余 个，总投资约1.1万亿元。组织专业力量发挥智库外脑作用，着力提升谋划储备质效，筛选成熟度高、 可行性强的优质项目积极争取政策支持。全年累计下达超长期特别国债资金6.33亿元、支持28个项目建 设，争取中央预算内资金10.2亿元、支持50个项目建设，发行地方政府专项债券33.27亿元、支持56个项 目建设。 要素保障精准赋能、服务更高效。持续深化重大项目要素保障协调机制，全方位提升保障能力。强化资 金供给，积极搭建银企对接平台，通过社会资本、银行融资、向上争取资金等方式，全力保障项目资金 需求。统筹土地资源，定期梳理用地需求，加快重点项目用地组卷报批，进一步压缩用地审批时限。同 步做好用能用电用水等其他保障，为项目建设提供全流程要素支撑，以高频次调度、常态化调研为抓 手，全力推动项目建设各项工作落地见效。 拂晓新闻网--拂晓报讯（记者 朱瑞兵）记者从市政府新闻办日前召开的新闻发布会上获悉，2025年，市 发展改革委紧扣抓 ...

Report Summary 1. Report Industry Investment Rating - No relevant information provided. 2. Report Core View - No explicit core view presented in the given content. 3. Summary Based on Related Catalogs SP Main Contract Information - The closing price of the SP main contract on December 30, 2025, was 5568.00 [3]. - The closing prices and related data for the previous days (December 24 - 29, 2025) are also provided, including the closing price, converted US - dollar price, daily change, and basis differences in Shandong and Jiangsu - Zhejiang - Shanghai regions [3]. Import Pulp Information - With a 13% VAT calculation, for Canadian pulp brands like Golden Lion (CFR price 780 in US dollars) and Lion (CFR price 730 in US dollars), and Chilean Silver Star (CFR with 90 - day letter of credit, price 700 in US dollars), their corresponding RMB prices in Shandong and import profits are presented. The import profit for Golden Lion is 69.01, Lion is - 271.05, and Silver Star is - 9.09 [4]. Pulp Price Averages - From December 24 - 30, 2025, the national and Shandong regional average prices of softwood pulp, hardwood pulp, natural pulp, and chemical mechanical pulp remained unchanged. The changes were all 0.00 [4]. Paper Product Indexes and Margins - The indexes of cultural paper (double - offset index, double - copper index), packaging paper (white - card index), and living paper (living index) showed little change from December 25 - 30, 2025. The changes were all 0 [4]. - The estimated profit margins of double - offset paper, double - copper paper, white - card paper, and living paper also had little change during this period, with the change in living paper profit margin being 0.0000 [4]. Pulp Price Spreads - From December 24 - 30, 2025, the price spreads between softwood and hardwood pulp, softwood and natural pulp, softwood and chemical mechanical pulp, and softwood and waste paper pulp remained constant [4].