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本刊讯行情回顾:2012年6月造纸板块下跌10.4%,同期沪深300下跌6.5%,板块跑输市场3.9个百分点,显示市场对投资的担忧。从个股来看,板块内涨幅较高的有冠豪高新、ST天宏、ST美利和ST宜纸,依然是题材股活跃的状况,反应弱势格局,板块依赖基本面依然难以走出行情。浆纸产业链:由于针叶浆的价格跌至阔叶浆以下,加之中国本地阔叶浆的供给增加,阔叶浆的价格下跌压力增加;在产能过剩、经济增速放缓致用纸需求不旺、出口受阻的三重夹击下,国内铜版纸市场供大于求的现象非常严重。在内销市场,整体经济增长脚步放慢导致纸张需求萎缩,由于2012年铜版纸产能集中释放后,一减一增导致市场上呈现供
Market News Review: June 2012 paper sector fell 10.4%, Shanghai and Shenzhen 300 fell 6.5% over the same period, the plate underperformed the market 3.9 percentage points, indicating the market’s investment concerns. From the individual stock point of view, a higher plate or crown high-tech, ST Tianhong, ST Murray and ST Yi Paper, the theme stocks are still active, reflecting the weak pattern of plate-dependent fundamentals is still difficult to get out of the market. Pulp and paper industry chain: As the price of coniferous pulp fell below the level of hard leaf pulp, coupled with the increase of the supply of local hardwood pulp in China, the pressure of price drop of hardwood pulp increased; in excess of capacity, the economic growth slowed down. Demand for paper Not prosperous, exports blocked the triple attack, the domestic coated paper market oversupply phenomenon is very serious. In the domestic market, the slowdown in overall economic growth led to a shrinking demand for paper. As a result of the concentrated release of coated paper production in 2012,