Prices for lower grades of recovered paper plunged again in September on the British market.
The renewed decline was caused by a lack of demand from Europe, especially from Germany, where many paper producers have been idling production – sometimes dramatically – in response to high energy prices. Even contracted volumes are often being reduced or postponed, say market insiders.
Most UK buyers are also holding back, since mills or machines are being idled here as well (not always necessarily due to cost and market factors). Paper producers are reportedly sufficiently supplied via their depot systems, particularly since collection volumes are expected to pick up from October.
⇒ 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 20/2022.