Dwindling consumption and the strong pound squeezing British publication paper prices
Newsprint and magazine paper manufacturers had to bow to their customers' demands and bring their prices a little closer to those charged in many Continental European markets.
Market players in the UK wrapped up their last round of price talks early last December with hikes that were relatively sizeable compared with the results of the later deals in mainland Europe. What is more, the pound Sterling has gained considerable ground against the euro and the US and Canadian dollars over the same period. This market set-up is making the UK more appealing to a few suppliers; however, demand for publication papers has further deteriorated since December. As a result buyers and sellers had agreed on lower prices as early as June or in July at the latest.
This article is an excerpt from EUWID's monthly report on the paper markets in the UK. The EUWID Price Watch UK for July will be published in EUWID Pulp and Paper no. 32 on 6 August.
Our weekly newsletter's print and e-paper versions keep busy professionals up-to-date on the latest news from European pulp and paper markets.
Test EUWID Pulp and Paper free of charge and without any obligation by clicking here.