The market for recycled containerboard in Germany turned around in May and prices came under pressure again. Market insiders see continuing pressure into June unless action is being taken to control output.
In the German market for recycled corrugated case material, the last step of price hikes failed to find traction and was rolled back in mid-month, according to market players. Many factors are said to be currently working against price stability, market insiders report. Lower prices for recovered paper, a slowdown in the corrugated board market in conjunction with concurrent high availability of paper, flagging markets in neighbouring countries as well as the large number of bank holidays and long weekends in Germany weakened prices to undermine the latest hike. "Furthermore, there are some special offers in the market”, reports add.
Many quarters of the market expected in the course of the third week of May that these factors could continue to affect prices in June. In contrast, white testliner prices remained stable.
⇒ This article in an excerpt from EUWID's report on the German paper market. The EUWID Price Watch Germany for May will be published in EUWID Pulp and Paper no. 23 on 6 June.
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