The factors behind skyrocketing paper prices

Posted by aclimaadmin | junio 22, 2017 | Noticias del Sector

Why are paper recycling prices at near-record levels? The answer boils down to uncertainties in the Chinese market and strong demand at home.

The prevalent paper-price factor pointed to by many observers is the effort by Chinese custom officials to halt the inflow of recovered materials that contain high levels of non-recyclables is working.

For example, Steve Wong, chairman of Fukutomi Co., a major scrap plastics trader, reports that 85,000 tons of imported plastics and metals have been seized in Shantou, China from 16 warehouses, and five groups of importers have been arrested. Paper industry observers say that as a result of the so-called Chinese National Sword import restrictions, Chinese paper recycling mills have increased their domestic bale purchases, and this has pushed local prices sky high.

At the same time, according to these experts, North American exporters with a good record of shipping clean bales under secure Chinese export licenses have been able to attain pricing that is only a few dollars under the previous record. This is because North American demand for recovered paper is also strong, and domestic mills have been forced to boost prices in order to attain sufficient volumes to keep their machines operating.

The result of these forces is the current market, which can be described as a bale-supplier’s dream.

Add a comment

*Please complete all fields correctly

Posts Relaccionados

Posted by aclimaadmin | 22 octubre 2021
Esta operación de compra de suelo le confiere una posición de propietario mayoritario en el ámbito que le permitirá traccionar el proyecto de transformación definitiva de Burtzeña Burtzeña cuenta con...
Posted by aclimaadmin | 22 octubre 2021
El documento, presentado hoy en Zamudio, apunta a una inversión de más de 126 millones de euros, la mayor inversión realizada por la Red de Parques, para facilitar la atracción...
Posted by aclimaadmin | 22 octubre 2021
El primer ministro de Reino Unido, Boris Johnson, y el cofundador del gigante tecnológico estadounidense Microsoft, Bill Gates, anunciaron una alianza por valor de 400 millones de libras (473 millones...
X