SP月报：供应充分消费不足，浆价难获宏观支撑

第一部分前言概要...........................................................................................4第二部分总览与说明........................................................................................5第三部分宏观供应...........................................................................................6 ➢银河ENSO指数................................................................................6第四部分微观供应|木材端................................................................................7 二、海外数据.................................................................................................7 ➢美国CME木材期货...........................................................................7➢加拿大林业产品价格..........................................................................8➢俄罗斯木材业....................................................................................9➢马来西亚木材业...............................................................................11 三、国内数据...............................................................................................12 ➢锯材进口金额..................................................................................12➢木片进口重量..................................................................................13 第五部分贸易流通|纸浆端..............................................................................14 交割利润：人民币针叶浆基差季节性.................................................15交割利润：美元针叶浆（银星）基差季节性.......................................16期货市场持仓..................................................................................17跨品种价差：非标基差&加工利润....................................................17 中美纸浆进口金额...........................................................................20 七、海外数据...............................................................................................21 加拿大交通运输...............................................................................21欧洲纸浆库存&消费.........................................................................23日本纸浆........................................................................................25 八、国内数据...............................................................................................27 第1页共80页 SP月报 ➢纸浆进口........................................................................................27➢纸浆库存........................................................................................28➢沿海货物吞吐总量...........................................................................30➢进出口总额.....................................................................................31 第2页共80页第六部分微观消费|造纸端..............................................................................32九、海外数据...............................................................................................32➢造纸业产能利用率...........................................................................32➢纸制品出口.....................................................................................33➢美国造纸业.....................................................................................34➢韩国造纸业.....................................................................................38➢泰国造纸业.....................................................................................39十、国内数据...............................................................................................40➢台湾省造纸业..................................................................................40➢机制纸及纸板产量...........................................................................45➢造纸业经营情况...............................................................................47第七部分宏观消费.........................................................................................56十一、全球数据.....................................................................................56➢多国官方储备资产...........................................................................56➢北半球综合领先指标........................................................................57➢制造业............................................................................................58➢全球股市总市值...............................................................................60➢全球商业信心指数...........................................................................61➢全球经济政策不确定性指数...............................................................62十二、海外数据.....................................................................................63➢欧洲经济景气指数...........................................................................63十三、国内数据.....................................................................................64➢克强指数........................................................................................64第八部分宏观信用.........................................................................................65十四、海外数据.....................................................................................65➢美国...............................................................................................65十五、国内数据.....................