China's Paper Sector Likely to Raise Prices From 3Q -- Market Talk
China's Paper Sector Likely to Raise Prices From 3Q -- Market Talk
DJ China's Paper Sector Likely to Raise Prices From 3Q -- Market Talk
DJ中國造紙業可能從第三季度起提價--市場傳言
0535 GMT - China's paper-producing industry will likely see higher selling prices in coming months as a seasonal boom in demand lifts manufacturers' bargaining power, Citi says. The bank notes industry leader Nine Dragons plans small price increases from mid-July, a sign of rebounding paper demand after the low seasonality in 2Q and export weakness due to the recent congestion at Chinese ports. Citi expects more price increases in the coming months driven by high consumption in 2H amid summer beverage-packaging demand, holidays in October and e-commerce promotions in November. Its top sector pick is Nine Dragons. (yifan.wang@wsj.com)
0535GMT-花旗表示，隨着季節性需求的繁榮提升製造商的議價能力，中國造紙業在未來幾個月可能會看到更高的銷售價格。紙幣行業領軍企業玖龍紙幣(Nine Dragons)計劃從7月中旬開始小幅提價，這是紙幣需求在第二季度季節性低迷以及最近中國港口擁堵導致出口疲軟之後出現反彈的跡象。花旗預計，在夏季飲料包裝需求、10月假期和11月電子商務促銷活動的推動下，未來幾個月將出現更多漲價，原因是下半年的高消費。它的首選板塊是玖龍公司(Nine Dragons)。(yifan.wang@wsj.com)
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July 07, 2021 01:35 ET (05:35 GMT)
2021年7月07日01：35美國東部時間(格林尼治標準時間05：35)
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