Core Viewpoint - The paper industry is experiencing a significant price increase, with major companies like Nine Dragons Paper and Chenming Paper seeing substantial stock price gains as a result of rising prices across the supply chain [1] Industry Summary - Since November, the domestic paper industry has been undergoing a price surge, with companies like Shanying Paper announcing price hikes of 30-100 RMB per ton for products such as red sand paper and corrugated paper [1] - Key regions like Guangdong and Zhejiang have seen price increases of 50 RMB per ton for core product categories, indicating a widespread adjustment in pricing [1] - The price increases are being echoed by downstream paperboard manufacturers in regions like Zhejiang and Hunan, with single-instance price hikes reaching 3%-10%, creating a comprehensive price adjustment across the entire supply chain from raw paper to end packaging [1] Company Summary - Stocks of major paper companies have risen significantly, with Nine Dragons Paper up 10.23% to 6.25 HKD, Chenming Paper up 8.86% to 0.86 HKD, and Lee & Man Paper up 4.88% to 3.01 HKD [1] - Analysts from Bohai Securities suggest that the ongoing price increases in packaging paper are solidifying the foundation for price adjustments, supported by upcoming demand from events like "Double Eleven" and the New Year and Spring Festival [1] - According to Industrial Securities, the period from 2023 to 2025 is expected to be one of capacity expansion for the industry, with a slowdown in new capacity additions starting in 2026, potentially leading to an upward turning point for the paper industry [1]
港股异动 | 纸业股涨幅居前 造纸行业涨价潮持续升温 机构看好旺季需求有支撑