General Losses In The First Half of The Year, Many Paper Companies Announced Product Price Increases

Recently, many paper companies such as Sun Paper, Chenming Paper, and Bohui Paper issued price increase letters, announcing price increases for their paper products. A reporter from Shanghai Securities News learned from an interview that many paper companies and research institutions are relatively optimistic about the performance of the paper industry in the second half of the year. In the first half of this year, the overall performance of the paper industry was sluggish due to a lower-than-expected recovery in downstream consumer demand. “Our original prediction for the recovery of market demand in the first half of the year was that it would be faster, but it was relatively slow, so the overall performance of the industry was poor.” A staff member of Chenming Paper told reporters, “The second half of the year is a year for the paper industry. In the peak season, coupled with price increases, the company’s performance in the second half of the year is more likely to be better.”