Nine Dragons Paper (02689) continued to rise in early tradingpokersupplies, up 7pokersupplies.63%pokersupplies, closing at noon 4pokersupplies.09 Hong Kong dollars, with a turnover of HK$79.39898 million.
Pulp prices continue to rise. Since entering May, pulp prices have continued to maintain growth momentum. According to statistics from business agencies, as of May 8, the domestic pulp spot price was 6430 yuan/ton, an increase of 30 yuan per ton from April 30, and an increase of nearly 10% from the beginning of 2024. Since the beginning of this year, many domestic paper companies, including Nine Dragons Paper, have issued price increase letters. Agencies previously pointed out that as the traditional peak season from March to May approaches, paper prices are facing opportunities to increase.