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造纸经过6年的产能去化调整,2016年迎来复苏曙光,在环保政策趋严、原材料价格上涨、人民币汇率下行以及产品低库存等多个因素的推动下,各类纸品价格出现一轮暴涨行情,且进入2017年,行业涨价行情依然在延续。纸价上涨推动了造纸上市公司业绩暴涨。同时得益于近期市场的暴跌,部分个股估值重新回到去年纸品价格上涨前的水平,配置价值再度显现。尽管业绩和估值很诱人,但去年造纸的涨价预期此前已经兑现,而且如今造纸的
After six years of production capacity to adjust papermaking, ushered in the dawn of recovery in 2016, the tightening of environmental protection policies, raw material prices, the RMB exchange rate down and low inventories and other factors driven by the various types of paper prices appear a round Soaring prices, and into 2017, the industry price increases are still continuing. The rise of paper prices has promoted the soaring performance of paper-making listed companies. At the same time benefited from the recent market crash, part of the valuation of individual stocks back to the previous level of paper products last year, the allocation value once again emerged. Despite the attractive results and valuations, the price hikes in papermaking last year were expected to be realized earlier, and the papermaking