According to Zhitong Finance APP, Nine Dragons Paper Industries (02689) fell by nearly 4%, and as of press time, it fell by 3.76%, to HKD 3.33, with a turnover of HKD 2,447.19.

Recently, Nine Dragons Paper Industries announced that it will adjust the selling prices of its main products, including cardboard, corrugated board, and kraft paper. This is the second similar announcement made by the company this year. It is reported that the main reason for the price increase this time is the rise in raw material costs and the increase in market demand. In addition, it is worth noting that the rise in waste paper raw material prices is also one of the important factors that have forced companies such as Nine Dragons Paper Industries to raise product prices. According to relevant data, the price of waste paper has recently shown a trend of stability and increase, which undoubtedly puts considerable pressure on the entire industry chain.

According to statistics from Zhuochuang Information, since the second quarter of this year, the national average price of cardboard has dropped from CNY 3,659 per ton to CNY 3,610 per ton, a decrease of 4.54%. However, compared with the same period last year, the price still fell by 7.26%. Therefore, Xu Ling, a market analyst at Zhuochuang Information specializing in corrugated and cardboard markets, stated that although the current market is in the traditional off-season of the packaging paper market, with the arrival of the third quarter, market demand is expected to pick up, and supply and demand relations are expected to be eased. As a result, there is a possibility of a rise in market prices.