The unfavourable economic climate and limited export opportunities knocked the British recovered paper market for six in October.
Just a few grades managed to escape a downhill trend that will presumably extend into January, experts talking to EUWID suspected. It might soon be hard to sell material at all. Some market sources were even already talking about negative prices for certain kinds of material in October.
Exports to China came to a halt with the last ship sailing mid-October, so the new import licences for RCP to China did not really have an impact on the UK market. The somewhat stronger pound sterling was not exactly helpful for the export business, either.
This article is an excerpt from EUWID's monthly report on the paper markets in the UK.
Find the EUWID Price Watch UK for October in EUWID Pulp and Paper issue no 44/2019, which will be available to our e-paper and print subscribers as of 30 October.