Core Viewpoint - The domestic white card paper market in China is experiencing a new round of price adjustments, with companies like Nine Dragons Paper announcing a price increase of 200 CNY per ton effective November 1, 2025 [1] Company Summary - Nine Dragons Paper's stock rose nearly 4%, currently trading at 5.78 HKD with a transaction volume of 47.615 million HKD [1] - The company is part of a broader trend where major paper manufacturers are increasing prices, indicating strong pricing power among leading firms [1] Industry Summary - The white card paper prices are gradually recovering but remain at the bottom of the cycle, with strong price support from leading companies [1] - The upcoming Double Eleven shopping festival and the Spring Festival are expected to drive strong packaging demand in Q4, with expectations for corrugated box prices to remain robust [1] - Q4 is traditionally a peak demand season, and with significant cost support, the packaging paper industry's outlook is anticipated to improve [1]

Core Viewpoint - The domestic white card paper market is experiencing a new round of price adjustments, with companies like Nine Dragons Paper announcing a price increase of 200 CNY per ton effective November 1, 2025 [1] Company Summary - Nine Dragons Paper's stock rose nearly 4%, closing at 5.78 HKD with a trading volume of 47.615 million HKD [1] - The company is part of a broader trend where major paper manufacturers are increasing prices, indicating strong pricing power among leading firms [1] Industry Summary - The white card paper prices are gradually recovering but remain at the bottom of the cycle, with strong price support from leading companies [1] - The upcoming demand from events like Double Eleven and the Spring Festival is expected to keep packaging demand robust in Q4, with forecasts suggesting that the price of corrugated box paper may continue to be strong [1] - Q4 is traditionally a peak demand season, and with significant cost support, the packaging paper industry's outlook is expected to improve [1]