"Anti-internal exhaustion" combined with rising raw material prices, leading paper companies launch a new round of price hikes.

Just entering August, the paper industry ushered in a wave of price increases. Leading companies such as Nine Dragons Paper, Lee & Man Paper, and Shanying International have recently issued price increase notices, announcing price adjustments for multiple products starting from August 1st. This is the fourth round of price increases initiated by the packaging paper industry since July, indicating a significant increase in the frequency of industry price adjustments. Since the beginning of the year, paper companies have implemented two rounds of price increases in January-March and May, with this round mainly focused on the rise in packaging paper prices. The main driving factors behind this round of price increases are the rise in raw materials, energy, and logistics costs. The industry believes that the continuous issuance of price increase notices by paper companies in the recent period to push up paper prices can be seen as a "counterattack" by the packaging paper industry against the continuously declining market situation this year. For listed companies in the paper industry, this wave of price increases will help alleviate cost pressures in the short term, but long-term healthy industry development still needs to address various issues such as overcapacity, demand stimulation, and market competition regulation. The country's deepening efforts to "counteract internal competition" and continued policy support are expected to help improve the overall operating environment of the paper industry.