Price cuts for ordinary RCP grades in the UK after Chinese buyers' withdrawal

Source: EUWID
20 Nov 2018 − 

The price decrease for UK sales of mixed paper and OCC in November was not as strong as experts had expected in October. Very little OCC was sold to China, at substantially lower prices than in October.

At the middle of November, collection volumes were on the rise. At the same time, demand from British customers was on the low side. Domestic prices for mixed paper (1.02) and old corrugated containers (OCC, 1.05) fell as a result, although not as much as a few market insiders had feared in October.

Even though they did not have licences, a few big Chinese buyers had still purchased recovered paper in November, shipping them on the proverbial "slow boat to China," in the anticipation that they would have licences in hand by the time the material arrives. Prices for OCC exported to China were much lower than in October.

This article is an excerpt from EUWID's monthly report on the recovered paper market in the UK.

Find the EUWID Price Watch Recovered Paper UK for November in EUWID Pulp and Paper issue no 47/2018, which will be available to our e-paper and print subscribers as of 21 November.

Want to find out more? Check our subscriptions or test EUWID free of charge.



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