Paper stocks rose collectively. As of press release, Liwen Paper (02314) rose 3.93% to HK$2.38; Nine Dragons Paper (02689) rose 2.71% to HK$4.54; and Chenming Paper (01812) rose 0.88% to HK$2.28.
The Zhitong Finance App learned that paper stocks rose collectively. As of press release, Liwen Paper (02314) rose 3.93% to HK$2.38; Nine Dragons Paper (02689) rose 2.71% to HK$4.54; and Chenming Paper (01812) rose 0.88% to HK$2.28.
Guojin Securities pointed out that in terms of cost, the Q3 low price pulp is gradually included in the reporting side costs. The cost curve is high and low, and the cost pressure has clearly weakened; the trend of replenishment has led to the implementation of price increases, and the overall profitability of the 3Q industry has now picked up. Looking ahead, since downstream demand for papermaking is mainly based on broad-spectrum consumption, the overall prosperity is strongly correlated with overall zero consumption. Under expectations of a month-on-month improvement in business activity, it is expected that paper companies' price increases will advance steadily, driving continuous improvement in profits.