Most paper stocks rose. As of press release, Nine Dragons Paper (02689) rose 4.18% to HK$4.24; Liwen Paper (02314) rose 2.84% to HK$2.17; and Sunshine Paper (02002) rose 1.53% to HK$2.66.
The Zhitong Finance App learned that most paper stocks have risen. As of press release, Nine Dragons Paper (02689) rose 4.18% to HK$4.24; Liwen Paper (02314) rose 2.84% to HK$2.17; Sunshine Paper (02002) rose 1.53% to HK$2.66; and Chenming Paper (01812) rose 0.91% to HK$2.21.
According to the news, recently, Chenming Paper, a leading company in cultural paper, issued another price increase letter announcing that from now on, the price of Chenming cultural paper series products will increase by 200 yuan/ton. Meanwhile, according to data from Zhuochuang Information, some domestic paper mills have raised the ex-factory prices of cultural paper in a round at the beginning of this month, and the corporate price level has continued to rise, ranging from 200 yuan/ton to 400 yuan/ton.
Guosheng Securities pointed out that the issuance of price increase letters by cultural paper companies boosts market confidence, and prices are expected to remain stable; the pattern of supply and demand for waste paper is getting tighter, downstream will not be strong, and paper prices will decline slightly, so it is expected to fluctuate in the short term. It is recommended to pay attention to Nine Dragons Paper, Chenming Paper, etc.