HK Stock Market Move | ND PAPER (02689) rose nearly 4%, white cardboard prices increased by 200 yuan per ton in November, and the peak season for the packaging paper industry is expected to improve.

ND Paper (02689) rose by nearly 4%, rising by 3.77% at the time of release, to 5.78 Hong Kong dollars, with a turnover of 47.615 million Hong Kong dollars. In terms of news, according to China Business Daily, the domestic white board paper market has recently ushered in a new round of centralized price adjustments. Including ND Paper, many paper companies have successively issued price increase notices, announcing a unified price increase of 200 yuan/ton for their white card paper products starting from November 1, 2025. Huafu Securities believes that the current price of white card paper is gradually warming up, but still at the bottom of the cycle, with strong willingness from leading companies to support prices, and the industry's profitability is expected to see a recovery. The firm believes that with the Double 11 promotion and the approaching Spring Festival, packaging demand in the fourth quarter will remain strong, and it is expected that the price of box board and corrugated paper will continue to be strong. Industrial believes that the fourth quarter is the traditional peak season for demand, coupled with substantial support from the cost side, the packaging paper industry's prosperity is expected to improve.