May has seen a reversal trend in recycled containerboard prices on the Italian market. Manufacturers had to grant significant price cuts for brown grades amid falling recovered paper prices and weak demand.
The month of May ushered in the first price cuts on Italy's recycled containerboard market. The drop in prices for brown grades was primarily blamed on poor demand and softening recovered paper prices. Buyers immediately insisted on lowering prices for recycled containerboard once it became clear in late April that prices for ordinary recovered paper grades would fall again in May, several suppliers remarked.
Buyers stated that they did not have to invest a great deal of time and effort during price negotiations. With consumption weak in Italy and demand for corrugated packaging and recycled containerboard sluggish in the past few months, more than a few suppliers had decreased prices of their own accord in order to stimulate ordering and allow their mills to run at better capacity, a few buyers explained.
⇒ This article in an excerpt from EUWID's monthly report on the Italian paper market. The EUWID Price Watch Italy for May was published in EUWID Pulp and Paper no. 22 on 31 May.
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