Hong Kong stocks concept tracking | Special paper industry intensively raises prices, institutions optimistic about the performance flexibility brought by paper companies' price increases (with concept stocks)

Recently, many paper companies have concentrated on raising the prices of white kraft paper products. Among them, Shandong Sun Paper and Wuzhou Special Paper Group both plan to increase the prices of their white kraft paper products by 300 yuan/ton from March 5th, based on the current prices. Data shows that the white kraft paper market has been relatively stable so far this year, with prices in Shandong ranging from 7200-7400 yuan/ton. Some industry insiders believe that after the Lantern Festival, the supply and demand in the kraft paper market will gradually recover, and prices are expected to remain stable or even rise. China Galaxy points out that top companies are showing a strong willingness to raise prices. In early 2026, the paper industry has a strong intention to raise prices, with top paper companies strengthening expectations through "one letter, multiple increases". ND Paper raised the price of packaging paper by 50 yuan/ton from February 25th, and giants like APP increased the price of white board paper by 200 yuan/ton after the Spring Festival, and the price increase letters are gradually being implemented. The industry is simultaneously showing a dual focus on "expanding production + technology improvement". In the field of household paper, Wuzhou Special Paper Group and Hubei Jinboshi plan to add capacity of 50,000 tons/year and 60,000 tons/year respectively, seizing opportunities for consumption upgrades and "substitute plastic with paper"; in the packaging paper field, Bengbu Samsung Paper is promoting a 150,000 tons/year special paper technology upgrade, enhancing automation and energy efficiency, and optimizing production capacity structure. Zhongjin released a research report stating that the paper industry chain currently shows the characteristics of "highly concentrated resource end and dispersed processing end game", with pulp as a scarce resource product with strong pricing power. Currently, Chinese paper companies have entered a mature period of stock game, relying solely on capital expenditures to drive growth is unsustainable, and the strategic focus has shifted to using their own fibers to hedge against volatile pulp prices. Related Hong Kong stocks in the special paper industry sector: ND Paper (02689), CHENMING PAPER (01812), LEE & MAN PAPER (02314)