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新消费持续崛起,高切低依然存在,加强低位顺周期布局-信达证券

ab[➢T 造纸:阔叶浆成交价格温和抬升,食品卡逆势提价。ummary] ] 上游浆厂态度强势,伴随部分纸企补库,据 Fastmarkets 评估南美漂阔价格已涨至580-600 美元/吨(先前为580-590 美元/吨)。国内纸价方面:1)文化纸:纸厂库存缓慢增加、市场供应压力仍存,部分订单出现偏低价格,我们预计短期维持震荡趋势;2)白卡纸:多数企业尚无明确检修、供需矛盾增加,食品卡逆势提价,太

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