七乐彩走势图

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七乐彩走势图WANGJINGLI 13963651993

LIJINGLI 15163642322

XIAJINGLI 18765692882

七乐彩走势图JISHUFUWU:13625369230

废纸政策收紧提升龙头成本优势,行业集中度有望加速提升

2018-05-09
七乐彩走势图
摘要: 2018年起废纸政策逐步落地:混合废纸禁止进口、进口废纸含杂率小于0 5%、进口废纸许可额度发放趋严,2018年1-3月进口废纸393万吨,同比减
  2018年起废纸政策逐步落地:混合废纸禁止进口、进口废纸含杂率小于0.5%、进口废纸许可额度发放趋严,2018年1-3月进口废纸393万吨,同比减少49.5%,国废供给持续紧张。从短期和长期来看,新政策对于整个行业来说影响将一直持续。

  受外废政策趋严,国内废纸供给持续紧张

七乐彩走势图  2018NIANQIFEIZHIZHENGCEZHUBULUODI:HUNHEFEIZHIJINZHIJINKOU、JINKOUFEIZHIHANZALVXIAOYU0.5%、JINKOUFEIZHIXUKEEDUFAFANGQUYAN,2018NIAN1-3YUEJINKOUFEIZHI393WANDUN,TONGBIJIANSHAO49.5%,GUOFEIGONGJICHIXUJINZHANG。

七乐彩走势图  GENJUXINGYENEIDIAOYANXIANSHI,WAIFEIQIANQIKAIXIANGLVGEGEHAIGUANYOUSUOCHAYI,ZAI30-50%ZHIJIAN,MEIGUOSHIHAIWAIFEIZHIDEZHUYAOJINKOUGUO,CICIZHENDUIMEIGUOFEIZHI100%KAIXIANG,ZEJIANGDAFUTIGAOMEIFEITUIYUNLV,WAIFEIJINKOUDUANQUE,JIAJUGUOFEIGONGJIJINZHANGJUMIAN。

七乐彩走势图  ZHUOCHUANGZIXUNSHUJUXIANSHI,AJIDONGGUANJIULONGHUANGBANZHIJIAGECONGNIANCHUDE2150YUAN/DUN,BUDUANSHANGZHANGZHI5YUE2RIDE2900YUAN/DUN。SHOUFEIZHIKAIXIANGLVXINZHENGYINGXIANG,AJIDONGGUANJIULONGHUANGBANZHIJIAGELIANXULIANGRITIAOZHANG100YUAN/DUN,ZAI5YUE4RIYIJINGSHANGZHANGZHI3100YUAN/DUN。YUJIJIANGYINFAYUANZHIXINYILUNZHANGJIACHAO。

  废纸政策收紧对龙头纸企的影响

  DUANQI:LONGTOUSHOUYIGUOFEIYUWAIFEIJIACHA,CHENGBENBIJIAOYOUSHITUCHU。ZHICHANGFENBIESHIYONGGUOFEIHEWAIFEISHENGCHANYUANZHIDEJIACHALAIZILIANGGEFANGMIAN:

  1)GUOFEIYUWAIFEIDEJIACHAZENGJIADECHENGBEN,ZHICHANGSHIYONGGUOFEIYUWAIFEISHENGCHANYUANZHI,DUNZHISUOHAOFEIZHIJIBENCHIPING,JUNWEIDUNZHIXIAOHAO1.1DUNFEIZHI。GENJUZUIXINJIAGESHUJU,MEIFEIOCCJIAGEWEI205MEIYUAN/DUN,ANZHAOMEIYUANDUIRENMINBI6.3589DEHUILVZHESUAN,MEIFEIOCCZHEHE1304YUAN/DUN,ZUIXINGUOFEIJUNJIA2763YUAN/DUN,JIACHAYUE1400YUAN/DUN。

七乐彩走势图  2)SHIYONGGUOFEIXUTIANJIAYUANSHENGMUJIANGZENGJIADECHENGBEN,YOUYUGUOFEIZHUYAOSHIYOUFEIZHISHENGCHANDEXIANGBANWALENGZHISUOXINGCHENG,DANWAIFEIDUOWEIYUANSHENGMUJIANGSHENGCHANDEXIANGBANWALENGZHIXINGCHENG,GUOFEIXIANWEIHANLIANGXIANZHUDIYUWAIFEIXIANWEIHANLIANG。ZAIGUOFEISHIYONGBILIGAODEQINGKUANGXIA,XUTIANJIAYUANSHENGZHIJIANGTIGAOYUANZHIPINZHI。

七乐彩走势图  RUGUOWAIFEIZHANBIYOU40%JIANGZHI0%,ZEDUNZHIXUTIANJIA30-50kgDEYUANSHENGZHIJIANGTIGAOXIANWEIHANLIANG。WOMENJIYUSHANGSHUJIASHE,RENWEIRUGUOLONGTOUZHICHANGWAIFEIBILIWEI50%,ERZHONGXIAOZHICHANGQUANBUSHIYONGGUOFEI,ZELIANGZHEZAIXIANWEIYUANLIAOCHENGBENCHAYIWEI1050YUAN/DUN。

  MUQIANHUANBAOBUYIJINGGONGSHI2018NIANQIAN11PIWAIFEIJINKOUXUKEZHENG,HEJIHEDINGJINKOULIANG1101WANDUN,QIZHONGJIULONGZHIYE、LIWENZAOZHI、SHANYINGZHIYE(HANLIANSHENG)GONGHUODEPEIE681WANDUN,ZHANZONGHEDINGLIANGDE61.8%(vs2017QUANNIAN53.2%),JIAZHILONGTOUZHIQIYONGYOUWANSHANDEHAIWAIFEIZHISHOUGOUQUDAO,NENGBAOZHENGGAOPINZHIFEIZHIXUQIU。

  WOMENRENWEI2018NIANLONGTOUZHIQIJIANGPINGJIEWAIFEIJINKOUXUKEZHENGHEWANSHANHUISHOUQUDAOHUODECHENGBENBIJIAOYOUSHI。

  长期:龙头健全国废回收渠道;推进海外建厂,受益海外低纤维成本。

七乐彩走势图  1)LONGTOUZISHENWANSHANGUOFEIHUISHOUQUDAO。GUONEILONGTOUZHICHANGYOUJINGUANZHUCHANNENGKUOZHANG,KAISHIZHUANXIANGJIANGUGUOFEIHUISHOUQUDAOJIANSHE。JIULONGZHIYE2018NIAN4YUEGONGBUJIANGZAITIANJINJIANSHEZHONGNANFEIZHIDIANZIJIAOYIPINGTAIXIANGMU,XIANGMUTOUZI1YIYUANWANSHANGUOFEIHUISHOUTIXI。SUIXIANGBANWALENGZHIXINGYEJIZHONGDUJINYIBUTISHENG,GUONEIFEIZHIHUISHOUSHANGGENGQINGXIANGYUYUSHOUGOUJIAGEDINGJIATIXIWENDING、XUQIULIANGDADEDAXINGZHICHANGHEZUO。LONGTOUZHIQIJIANGBUJINJUYOUWANSHANWAIFEIQUDAO,GUOFEIQUDAOYOUSHIYEJIANGZHUJIANTUCHU。

  2)HAIWAIJIANCHANGSHOUYIHAIWAIDIXIANWEICHENGBEN。SHOUGUONEIDUIJINKOUFEIZHIHANZALVYAOQIUJINYIBUYANKE,TUIYUNFENGXIANJIFEIZHIPINZHIJUNGENGGAO,WAIFEIGONGYINGSHANGXIANGZHONGGUOCHUKOUFEIZHIYAOQIUYIJIA。XINGYEZHUANJIABIAOSHITONGDENGFEIZHICHUKOUZHONGGUODINGJIAWEI200MEIYUAN/DUN,ERCHUKOUDONGNANYAGUOJIAJINWEI140MEIYUAN/DUN。LONGTOUZHIQITANXUNZAIDONGNANYAJIANSHEYUANZHICHANG,XIANGSHOUHAIWAIXIANWEIDICHENGBENYOUSHIYURENGONGDICHENGBENYOUSHI。JIAZHIDONGNANYAGEGUOXIANGGUONEIYUNSHUCHENGBENXIANGDUIJIAODI,YUANZHICHUKOUZHONGGUO,JIXUMANZUZHONGGUOSHICHANGYUANZHIXUQIU。

  废纸政策收紧有利于行业集中度提升

  1)DUANQIZHONGXIAOZHICHANGYINCHENGBENYALITUICHUJINGZHENG。ZHENGRUQIANSHU,ZHONGXIAOZHICHANGXIANWEICHENGBENBUDUANSHANGZHANG,JIAZHIXIAYOUXUQIUBUWANG,YUANZHIDINGJIAZHANGWOZAILONGTOUZHIQISHOUZHONG,YUANZHIJIAGETISHENGFUDUNANYICHAOGUOGUOFEITIJIAFUDU。ZHONGXIAOZHICHANGYINGLIKONGJIANJIANGJINYIBUSHOUZHAI,NANYIWEICHIYINGKUIPINGHENG,ZHUBUTUICHUSHICHANGJINGZHENG。

七乐彩走势图  2)ZHANGQILONGTOUXINCHANNENGTOUFANG,JIZHANZHONGXIAOZHICHANGGUOFEIHUISHOUQUDAO,ZHONGXIAOZHICHANGJINYIBUBEITAOTAI。WOMENYUJI2018NIANXIANGBANWALENGZHIJIANGSHIJITOUFANGCHANNENG500WANDUN,QIZHONGLONGTOUZHICHANGZHANBIJIAOGAO。LONGTOUZHICHANGWEIBAOZHENGFEIZHIGONGYING,HUIZHUDONGJIANSHEGUOFEIHUISHOUQUDAO,JIANLIYUGUOFEIHUISHOUSHANGZHANGQIWENDINGHEZUOGUANXI。

七乐彩走势图  ZAIGUOFEIGONGYINGNANYIKUOZHANGMANZUXINZENGCHANNENGXUQIUDEQINGKUANGXIA,ZHONGXIAOZHICHANGJIANGCHUXIANFEIZHIGONGYINGBUZUDEZHUANGKUANG,TONGSHINANYIHUODEQITAXIANWEITIDAIFANGSHI(YUANSHENGMUJIANGCHENGBENGUOGAO、BANHUAXUEJIANGGONGJIBUZU),JIANGZHUBUBEIJICHUSHICHANG。