Containerboard price hikes planned for late October unsuccessful in Italy, where only some transactions closed with a slight increase; suppliers plan further price hikes in November and possibly again in December
November 5, 2013
– Prices for recycled corrugated case materials in Italy did not go up as planned late in October, with only a few transactions closing at a slightly higher price by the month's end, according to sources, reported Euwid on Nov. 5.
Kraftliner prices in Italy had been coming under pressure in October, with some minor price cuts that were mostly on the highest prices. This was due to increased imports of kraftliner from the U.S.
The weaker U.S. dollar has made the imported kraftliner more competitive in Europe, leading to a surge in U.S. linerboard shipments to Europe.
European buyers were surprised by the announcement of a price hike on recycled containerboard last month.
Kraftliner producers are planning further increases this month and probably in December, too. However, suppliers could lose in their battle for orders between now and year-end, said sources, Euwid reported.
The primary source of this article is Euwid, Gernsbach, Germany, on Nov. 5, 2013.