HK Stock Market Move | ND PAPER (02689) rises more than 6%, paper company issues shutdown letter for May, institutions predict certain support for packaging paper prices in the short term.

ND PAPER (02689) rose over 6%, at the time of writing, it was up 6.33%, at 6.72 Hong Kong dollars, with a turnover of 1.17 billion Hong Kong dollars. On the news front, recently, according to China Paper's report, after the Spring Festival in 2025, the domestic corrugated paper market has not shown the continuous price increase trend that has been seen since the second half of last year, instead, it has entered a downward channel. ND PAPER, Shanying International Holdings, Rongcheng and other leading paper companies have issued shutdown notices for May, becoming a direct manifestation of market pressure. Major factories are actually reducing production by cutting production, trying to alleviate inventory and price pressures. Bohai Securities pointed out that ND PAPER, Shanying International Holdings, and Rongcheng and other paper companies have announced shutdown and maintenance plans for April-May, involving multiple production bases under two companies, with shutdown durations ranging from 3-13 days, totaling an estimated 100,000 tons of production capacity. It is expected to provide some support to packaging paper prices in the short term.