British printing and writing paper prices heading higher in January
Newsprint buyers and sellers in the UK signed new contracts
The weaker pound Sterling against the euro and dollar since the Brexit vote has forced paper manufacturers to take action on the price front, especially those of them located in mainland Europe. While publication paper producers and also fine paper manufacturers are battling to keep prices stable in Continental Europe, currency-related price hikes have taken hold in the UK starting in January. Most newsprint and magazine paper contracts for the UK had already been inked in December. Similar news came from the woodfree uncoated and coated paper business for deliveries from January despite the presence of surplus capacity.
Most recovered paper grades became slightly more expensive in January amidst continued solid demand. The slight downward trend in brown recycled corrugated case material prices ground to a halt in January. Kraftliner prices are expected to edge higher. Most GC and GD board suppliers succeeded in their attempts to charge more in the UK.
This article is an excerpt from EUWID's monthly report on the paper and board markets in the UK.
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