Contradictory rumours and news surrounding recovered paper exports (RCP) to China were unsettling and upsetting market players active in Britain's recovered paper business in August.
It is still unclear what exact rules and delivery conditions exporters must prepare under the planned Chinese import ban on numerous secondary raw material from the end of the year. Some experts are readying themselves for a ban on importing mixed paper.
Problems with import licences for all recovered paper grades reported by some Chinese RCP buyers and converters were compounding uncertainty surrounding the ban on importing mixed paper.
Notwithstanding all of this uncertainty, a few export prices for mixed paper (1.02) have remained stable, although markdowns occasionally materialised on the British market in August. Domestic and export prices for old corrugated containers (1.05) have headed lower.
This article is an excerpt from EUWID's monthly report on the recovered paper market in the UK. The EUWID Price Watch UK and the corresponding market report for August are published in EUWID Pulp and Paper issue 35/2017 on 30 August.
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