The British cartonboard segment has now definitely arrived in the new market reality.
"The market we see in December 2022 is the opposite of what we saw in January,” as one market expert phrased it. It has been a wild ride through 2022: In the first and in a part of the second quarter, supplies were impossible to find and there was panic-buying in disregard of sometimes extremely high prices. This was followed by increasing normalisation in the third quarter.
And now in the fourth quarter, the market is characterised by overflowing warehouses, a supply overhang, machine downtimes at producers and high price awareness among converters, EUWID has learnt. Some cartonboard producers describe an "almost spooky calm” in the market, which is forcing them to idle machines repeatedly.
⇒ This is an excerpt from EUWID's report on the British paper and board market. The complete article will be published in EUWID Packaging Markets 1/2023