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Fibre Packaging

Lee & Man Paper

Broader sector Hong Kong Stock Exchange: 2314
Headquarters
Hong Kong, HK
Segment
Fibre Packaging
Stories held
1
Last story
1 Oct 2026

Lee & Man Paper Manufacturing is a Hong Kong-listed papermaker producing containerboard, kraftliner and tissue paper, with mills across mainland China and operations in Vietnam and Malaysia. It is one of the largest packaging paper producers in China by capacity.

1 stories · 2026

Six Chinese producers lift white cardboard prices by USD 30/t (CNY 200/t) from 1 October

Six Chinese paperboard producers - Nine Dragons Paper, APP China, Jiangsu Asia Symbol, Zhangzhou Lian Sheng, Bohui Paper and the Wanguo Sun white cardboard business - have issued price-increase letters raising white cardboard by USD 30/t (CNY 200/t). Most increases take effect on 1 October 2026, with the Wanguo Sun brands moving first on 26 September. The letters follow earlier rounds of increases in corrugating medium and containerboard.

Why this mattersA uniform USD 30/t rise across most of China's white cardboard capacity lifts input costs for folding carton and foodservice converters and signals tighter board supply.

  • Nine Dragons Paper raises all white cardboard grades, including coated and food-grade board, by USD 30/t (CNY 200/t) from 1 October 2026.
  • APP China raises white cardboard prices by USD 30/t (CNY 200/t), tax included, from 1 October 2026 on top of September levels.
  • Jiangsu Asia Symbol raises its cardboard and food-grade board brands by USD 30/t (CNY 200/t), tax included, from 1 October 2026.
  • Bohui Paper raises prices by USD 30/t (CNY 200/t), tax included, from 1 October 2026.
  • Zhangzhou Lian Sheng Pulp & Paper raises its Lanye coated white cardboard by USD 30/t (CNY 200/t) from 1 October 2026.
  • Wanguo Sun white, coated and food-grade cardboard grades rise USD 30/t (CNY 200/t) from 26 September 2026.
  • Zhangzhou Lian Sheng cited frequent market fluctuations and sustained high production costs as reasons for the increase
  • China's main pulp futures contract (2611) closed at RMB 4,828/tonne on 28 September 2026, down RMB 76/tonne from the prior session
  • Mid-September average price for 250g-400g sheet white cardboard had fallen to CNY 3,849/tonne (USD 574/tonne), roll products to CNY 3,410/tonne (USD 509/tonne), below production cost for non-integrated mills
  • Nine Dragons Paper also raised kraftliner prices by CNY 50/tonne (USD 7.5/tonne) at its Dongguan, Tianjin, Shenyang and Beihai mills after the holiday
  • China's paper and paper products industry posted CNY 922.97bn (USD 137.67bn) revenue and CNY 24.70bn (USD 3.68bn) profit in the first eight months of 2026, up 5.0% and 23.6% year on year
Sinar Mas Group Sun Paper Nine Dragons Paper Zhangzhou Lian Sheng Pulp & Paper Bohui Paper Lee & Man Paper mentioned Wanguo Paper Sun
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