Oversupply and low demand continue to dominate the British market for printing, writing and packaging paper grades in October.
Negotiations to thrash out British publication paper prices for the fourth quarter culminated in additional price reductions compared with September. Newsprint prices are now often lower in the UK than in mainland Europe. Woodfree printing and writing paper prices also headed lower with more than adequate capacity available. Demand remained slow in both segments compared with last year.
Cartonboard prices also fell in the past four to six weeks amidst disappointing demand. Corrugated case material prices managed to withstand pressure in October, although the spot market was very active and the staging ground for much lower prices. Some market players expect recycled containerboard grades to become cheaper as soon as November or at the start of 2024 at the latest.
Please find the full report on the British market development in October in this week's issue.