According to the Huatai Securities Research Report, off-season price increases for paper companies have been phased in, and the price of box board and corrugated paper, shipping conditions, and inventory all improved year over year in July. Imported recycled pulp is shrinking, domestic waste costs are rising, there is limited space below short-term paper prices, and there are significant signs that the box board corrugated paper cycle is bottoming out. It is recommended to focus on demand performance during the peak season and the pace at which paper companies' price increases were implemented in August.

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