HK Stock Market Move | ND PAPER (02689) falls by over 8%, prices of multiple types of paper reduced recently.

ND PAPER (02689) fell more than 8% in the afternoon, with a decrease of 8.03% to HK$5.73 with a total turnover of HK$101 million as of press time. On the news front, according to a report from Sina Finance, ND PAPER's Quanzhou base recently lowered prices for artboard paper and recycled paper by 70 yuan/ton, and corrugated paper by 120 yuan/ton. According to Sublime China Information, after entering December, the pressure on domestic finished paper demand has increased. Based on Sublime China Information's weekly inventory data for corrugated paper and boxboard paper enterprises, inventory levels rose rapidly in the first two weeks of December. Data shows that as of the week ending December 11, sample enterprise inventory for corrugated paper was 262,200 tons, an increase of 10.03% compared to the previous week, with an expansion of 3.93 percentage points compared to the previous week's trend.