Collection volumes in the UK remained on the low side on the whole until the middle of June.
Market experts attributed this state of affairs to public holidays in May and June as well as to the start of the summer holiday season. Demand from domestic and export markets remained quite good, meaning that prices in the UK were stable or moved up slightly.
Mixed paper (1.02) remained sought-after by both consumers in the UK and on the export market. Experts told EUWID that the pound-dollar exchange rate has been fuelling strong demand from Asian paper mills. What is more, domestic recovered paper consumption within North America was said to be good, meaning that less recovered paper was being shipped from there to Asia. Asian paper mills were thus turning to Europe, and specifically to the British market instead.