Zhitong Financial APP learned that on December 17, affected by the news that the paper industry ushered in structural opportunities, the A-share paper plate was pulled up. As of press release, Minfeng Special Paper (600235.SH) rose by the daily limit, while stocks such as Xianhe shares (603733.SH), Hengfeng Paper (600356.SH), Kane shares (002012.SZ) and Castle Peak Paper (600103.SH) rose.
According to the National Bureau of Statistics, by the end of 2020, the number of paper and paper products enterprises was 5805, down nearly 50% from 10270 in 2010. Driven by the change of market demand and supply-side structural reform, the paper industry has gradually changed from the extensive development mode of horse racing enclosure in the early years to the development mode of advanced, lightweight and intensive. Since the beginning of this year, the addition of policies such as "double control of energy consumption" and "double carbon" will undoubtedly bring new changes to the industry.
CITIC reported that energy consumption control will become a long-term measure, and the government may even adopt a quota system for supervision and management, and the suppressing effect on industry supply may continue, while supply contraction will promote industry inventory digestion and provide support for subsequent price increases of finished paper. Under the normalized situation of energy consumption control, paper enterprises that can reduce the energy consumption level by increasing the proportion of clean energy use or technology research and development are bound to be gradually reduced, so that they have more freedom to use capacity to cope with changes in demand calmly. Industry leaders are likely to enjoy a certain advantage, and then promote the optimization of the industry pattern, the paper industry ushered in structural opportunities.