UK printing and writing paper prices falling across the board in July

21 Jul 2020 − 

Corrugated case material prices feeling the pinch, and a number of recovered paper grades became cheaper.

The coronavirus crisis and the associated restrictions on economic and social activity has culminated in much weaker demand for printing and writing paper in the UK. While demand has been slowly recovering since June, it is still significantly weaker than it was at the start of March. Publication paper prices came under pressure in this market climate, with second-half agreements sometimes containing considerable price cuts. Not only are list prices for woodfree coated and uncoated paper prices foundering in July; discounts and special prices are also frequently being offered in a tug-of-war for big orders.

New licences for importing recovered paper into China were issued in June, perhaps the last ever. Chinese buyers have become a little more active again as a result, which is keeping export prices for OCC stable. By contrast, the lower end of the bracket for mixed paper is trending towards zero again.

The lifting of lockdown measures from the middle of June has only had a marginal impact on packaging markets. Recycled corrugated case material prices are experiencing growing pressure, while many insiders described cartonboard business as static.

This article is an excerpt from EUWID's monthly report on the paper markets in the United Kingdom.

Find the EUWID Price Watch UK for July 2020 in EUWID Pulp and Paper issue no 30/2020, which will be available to our e-paper and print subscribers as of 22 July.

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

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