Producers raise coreboard prices in Germany on good demand and reduced supply
Coreboard prices are on the upward trend in Germany. Coreboard manufacturers report good domestic demand and markedly longer lead times.
Coreboard manufacturers indicate good domestic demand on the German market in May. Companies reportedly have orders extending well into June. In addition, the insolvency of Viersen Paperboard is playing a role. Although customers of the mill had scouted for alternatives well in time, the final decision on closure did trigger some unrest on the market, it is learnt.
Based on these market conditions, coreboard manufacturers partly succeeded in implementing their price demands. Some companies reported as early as in March and April of price hikes which saw market-wide implementation in May.
Cores manufacturers see virtually no option to sidestep the current price hike on the market in Germany. Although recovered paper prices have begun to fall, which could benefit manufacturers, companies find themselves facing price hikes nevertheless.
This article is an excerpt from EUWID's report on the paper and board markets in Germany.
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