Zhitong Financial APP learned that paper stocks rose in the afternoon. As of press time, Liwen Paper (02314) rose 5.21% to HK $3.03, Nine Dragons Paper (02689) rose 4.44% to HK $6.59, and Chenming Paper (01812) rose 1.52% to HK $2.67.

On the news side, the paper industry welcomes a new round of price increases in late July. Chenming Paper, Huatai Paper and other cultural paper manufacturers have announced that the price of cultural paper will be raised by 200 yuan per ton on August 1. Industry insiders believe that the occasional adjustment of supply and demand is the main reason for the recent price rise in the paper industry. The upstream supply chain price surge will promote the concentration of the industry, thus promoting the vertical integration of the forest pulp and paper industry chain.