Booming Far East exports are pushing up prices for supermarket paper and board on the recovered paper market in Germany.
Initially, it had looked as if there were going to be no major price movements on the German market for recovered paper in the first few days of November. However, after the conclusion of numerous contracts for RCP grades supermarket paper and board (1.04) and used corrugated II (4.03), prices turned out to be higher than in the month before.
EUWID sources reported that in the case of supermarket paper and board, the November rise in sales prices is mainly due to higher demand from the Far East. According to market respondents, large continue to be sold to China at higher prices than in October. As a consequence, less supermarket paper and board was available for the domestic market in Germany, and this material could be sold easily at higher prices. Even the contracts that had already been fixed at unchanged prices are said to have been revised, EUWID respondents explained.
Mixed paper, on the other hand, was generally unable to benefit from this development. A few extra euros were negotiated in scattered instances.
⇒ Find this article in its entirety and any associated background information in EUWID Pulp and Paper no. 46
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