HK Stock Market Move | Paper industry stocks lead the decline, ND Paper (02689) fell over 7%, and Chenming Paper (01812) fell over 6%.

The paper sector's decline leads the way, as of the time of publication, ND PAPER (02689) fell by 7.36% to 7.3 Hong Kong dollars; CHENMING PAPER (01812) fell by 6.45% to 1.16 Hong Kong dollars; LEE & MAN PAPER (02314) fell by 5.56% to 3.57 Hong Kong dollars. On the news front, according to Sublime China Information, the price of corrugated paper in early March has exceeded that of February, deviating from seasonal norms. In the latter half of March, although large-scale paper mills continue to announce price increase plans, market supply continues to recover, and the operating rate of paper mills is expected to return to normal levels. Combined with the relatively slow season for consumption in March and limited demand growth, poor performance at the end may further weaken downstream purchasing enthusiasm. The inventory pressure of paper mills may increase, highlighting the contradiction between supply and demand in the market, and there is a risk of price weakening.