Paper stocks had the highest decline today. As of press release, Nine Dragons Paper (02689) fell 4.79% to HK$4.37; Lee & Man Paper (02314) fell 4.56% to HK$2.51; and Chenming Paper (01812) fell 4.25% to HK$2.03.
The Zhitong Finance App learned that paper stocks had the highest decline today. As of press release, Nine Dragons Paper (02689) fell 4.79% to HK$4.37; Lee & Man Paper (02314) fell 4.56% to HK$2.51; and Chenming Paper (01812) fell 4.25% to HK$2.03.
According to the news, according to Zhuochuang information, the theoretical profit of the corrugated paper industry in May is expected to decline compared to April. In the short term, the cost side may show a slight downward trend. The pattern of supply over demand in the corrugated paper market is difficult to change, but paper prices may remain stable against the backdrop of pressure on profits in paper mills. Therefore, the revenue and cost aspects of the corrugated paper industry do not fluctuate much in the short term, and industry profits may remain low.
Huaan Securities pointed out that due to the recovery in pulp prices since the fourth quarter of 2023, the paper price increase was less than the increase in pulp prices, and the profit level of the cultural paper industry has declined somewhat, and it is still near the break-even line. With mainstream cultural paper mills issuing a price increase letter of 300 yuan/ton in June, it is expected that it will continue to be implemented against the backdrop of rising pulp prices, and the profitability of cultural paper companies will be further restored.