Changes in Hong Kong stocks | Nine Dragons Paper (02689) rose more than 3% and announced that its six major bases raised prices one after another, institutions say the cost side of the industry is expected to improve in the third quarter

The Zhitong Finance App learned that Nine Dragons Paper (02689) rose more than 3%. As of press release, it had risen 3.57% to HK$3.48, with a turnover of HK$11.11,300.

According to the news, according to a report from China Paper Network, recently, Nine Dragons Paper urgently announced that its six major production bases would increase the price of raw materials to varying degrees. The price increase this time is between 30-50 yuan/ton, and the specific implementation date is October 18. According to information, Nine Dragons's price increase action mainly involves product lines such as recycled paper, corrugated paper, and Nine Dragons credit cards.

Guohai Securities pointed out that the spot market price of imported wood pulp is weakly declining, and news of the commissioning of new domestic and foreign broadleaf pulp production capacity has been released one after another. It is expected that the cost side will improve in the third quarter, and the cost advantage is obvious. A number of leading paper companies have issued letters of price increases for cultural paper. The price of cultural paper is expected to gradually be implemented as the peak season arrives and then rebound steadily. The overall competitive advantage of leading companies that are relatively stable on the demand side is highlighted.