Hong Kong Stocks: ND PAPER (02689) Rises Over 4% as Domestic Paper Packaging Market Heats Up; Company Adjusts Prices at Five Major Bases Starting Today

Stock News
Oct 21

ND PAPER (02689) has seen its shares rise by over 4%, currently up 4.12% at HKD 5.56, with a transaction volume of HKD 23.879 million. Recently, the domestic paper packaging market has gained momentum, prompting major players, including ND PAPER and Shanying, to issue updated price adjustment notices. Starting from October 21, the prices for ND PAPER’s high-quality Kraft paper series at its Hubei base will increase by RMB 50 per ton, affecting various product lines including Hailong and Dalong Kraft papers. The adjustments will also be implemented simultaneously at ND PAPER's Beihai, Tianjin, Hebei, and Taicang bases. Datong Securities has noted that this week, the interplay of peak season demand and cost pressures in the paper industry has become more pronounced, resulting in a trend of “leading companies driving price increases across all categories” for packaging paper. From a policy perspective, initiatives like carbon offset regulations in Hebei and industry guidance in Shandong are promoting green and intelligent transformations. With the upcoming Double Eleven shopping festival likely to boost demand and the tangible results of corporate transformations, there is reason for optimism regarding valuation recovery in this sector.

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