Nine Dragons Paper (02689) rose nearly 5%. As of press release, it rose 4.68% to HK$3.58, with a turnover of HK$6.661 million.
The Zhitong Finance App learned that Nine Dragons Paper (02689) rose nearly 5%. As of press release, it had risen 4.68% to HK$3.58, with a turnover of HK$6.661 million.
According to reports, according to reports, a number of leading paper companies, including Nine Dragons Paper, recently launched a new round of price increases, mainly for all cardstock products and all ultra-loose cardboard products. Among them, all Zke products were increased by 200 yuan/ton from the current price, and all ultra-high pine products were increased by 300 yuan/ton from the current sales price. According to the price increase letter, this round of price increases will officially begin on April 1.
Bank of America Securities pointed out that after the Lunar New Year holidays, the average daily shipment volume of Nine Dragons Paper has always exceeded 60,000 tons, which is more than 20% higher than full load production, causing its inventory level to drop for three weeks. Due to steady demand, Jiushi announced a price increase of 30 to 50 yuan per ton starting in March. The bank is expected to help drive profit margins to continue to rise. Galaxy Securities said that March is the traditional peak season for the cultural printing paper market. Publishing tenders are about to begin, and some party building orders will be released. Short-term demand is expected to be released, and it is optimistic that the price of cultural paper will rise and profits will improve.