UK prices for recycled corrugated case material set to increase in November, with a few producers announcing price increases throughout Europe amid strong demand, low supply and higher fiber costs; buyers aim to delay, reduce the price hikes
October 23, 2013
– Recycled containerboard prices could be going up in the U.K. next month, with producers announcing price hikes throughout Europe to take effect in November, reported Euwid on Oct. 23.
Buyers, however, are hoping to delay the price hikes and to reduce them by putting up strong resistance. They would prefer not to have prices go up a second time this year, especially with the strength of the pound Sterling.
Producers, however, say conditions are good for raising prices because of the strong demand and low supply. Availability is especially tight for lighter-weight paper, according to industry insiders, Euwid reported.
Inventories are low due to some downtime. One recycled corrugated case manufacturer had machinery problems that caused its shipments to be delayed.
In addition, recycled containerboard production costs have increased since the price of brown recovered paper went up in August and September, market observers noted, reported Euwid.
The primary source of this article is Euwid, Gernsbach, Germany, on Oct. 23, 2013.