Some negotiations to hash out newsprint prices in the second half of the year are still in progress on the German market.
In Germany, talks to settle on newsprint contract prices for the second half of the year are still continuing. While most contracts have apparently now been signed and sealed, a few major deals with extremely low asking prices had yet to be inked. However, some of these negotiations are taking their own sweet time as the holidays are here and supply is plentiful.
Full-year contracts seem to have escaped the current negative price trend which has seen a price reduction of up to €20/t in half-year contracts. Renegotiating prices was not an option, both buyers and manufacturers agreed.
With order intake seasonally weak, producers are reportedly committed to matching the newsprint supply to dwindling demand by curbing paper output. In addition, lots of paper is still being exported overseas to offset the waning European market. Business in the dollar zone is becoming more and more attractive due to exchange rate developments, EUWID sources explain.
⇒ Find this article in its entirety and any associated background information in EUWID Pulp and Paper no. 33
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