A great deal of uncertainty surrounding the renewal of Chinese paper mills’ import licences and UPM’s announcement that it will close one of its newsprint machines with a capacity of 215,000 tpy in Shotton at the start of 2015 were dominating the British recovered paper market towards mid-November. Export prices for mixed paper and board (1.02) and old corrugated containers (1.05) and domestic prices for mixed paper and mixed newspapers and magazines (1.08/1.09) continued to slide as a result.
British recovered paper market: Demand from China tumbles due to import licence renewals turmoil
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