Publication paper manufacturers in Europe are set to increase their prices for deliveries in the fourth quarter of the year at the latest.
Perlen Papier, Laakirchen Papier and Palm Paper have launched a new price hike initiative on the newsprint and magazine paper market in Europe. The new price round follows closely on the heels of the price hikes already implemented for deliveries as of July.
The new price hikes are said to apply to both contractual and non-conctratuctual volumes and would be implemented with effect from 1 September and/or 1 October.
The asking price hikes range from €60/t in the case of newsprint and LWC produced by Swiss paper company Perlen to €110/t for SC paper produced by Austria's Laakirchen Paper. Germany's newsprint producer Palm announced a €80/t price hike for deliveries as of 1 October. However, another price hike is already planned for deliveries as of January to increase sales prices for standard newsprint 45 g to €600/t, the company explained.
With this latest move the companies are looking to pass on the cost increase for raw materials, energy and logistics to their customers and offset inflationary pressures on their business.
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