造纸行业研究系列之一“废纸系基本面回顾”：进口废纸逐年减量，行业盈利分化持续.pdf
60% 2017 2018-2020 2020 1 2018 U 2019 2018 U 5 12 25% 2019 2 2018 6 2018 2019 3 2017 7 300 / 2017 7 1300 / 2020-2021 1-2 1-2 (002078 ) (02314 ) (02689 ) (600567 ) Table_BaseInfo ( ) / 2020 02 19 WIND 021-63325888*6069 lixuejunorientsec S0860517020001 021- 63 325 888 - 608 8 wuji n o ri e nt s e c .c o m .c n 2020-02-04 2020-01-20 2020 2019-11-28 HeaderTable_TypeTitle 2 1 2018 2020 . 4 1.1 . 4 1.2 2020 . 6 2 . 9 2.1 2018 U 2019 . 9 2.2 2018 11 2.3 . 13 3 . 15 3.1 . 15 3.2 . 16 . 17 . 17 HeaderTable_TypeTitle 3 1 . 4 2 60% 2018 . 5 3 60% 2018 . 5 4 49% 2016 . 5 5 60% 2018 . 5 6 2019 1-12 2018 39% . 8 7 2018-2020 2020 . 8 8 2016 2017 . 9 9 2018 2019 2020 . 9 10 2018 “U ” 2018 12 . 10 11 2016 . 10 12 45% 2017 . 10 13 . 11 14 2018 5-12 . 11 15 2018 6 . 12 16 2018 7.0% . 12 17 2018 6 11 . 12 18 RISI . 13 19 2018 . 13 20 2017 7 . 14 21 2020 321 87% . 15 22 2018 10% . 15 23 . 16 1 2017 2018 . 7 2 2020 70% 42% . 9 HeaderTable_TypeTitle 4 1 2018 2020 1.1 1 60% HeaderTable_TypeTitle 5 2 60% 2018 3 60% 2018 60% 20 80 2016 49% 2018 5474 58% 27% 1457 30 16% 2018 2016 2017 24% 21% 4 49% 2016 UN comtrade 5 60% 2018 , 61% , 5% , 19% , 2% , 13% , 61% , 16% , 11% , 1% , 5% , 6% , 35% , 6% , 27% , 73% 58% HeaderTable_TypeTitle 6 1.2 2020 2017 2018 2017 2017 4 18 2017 7 18 2017 2019 2018 6 2020 2017 4 18 2017 7 18 2018 1 1 2017 19% 2018 3 1 0.5% 1.5% 2018 6 24 2020 2018 7 11 ( )( ) 51 2019 12 HeaderTable_TypeTitle 7 1 2017 2018 2017 7 18 2017 2019 2017 8 10 2017
