Link: spike in Chinese demand boosts OCC prices
(London, U.K., May 11, 2017) Having nosedived around the start of the second quarter, prices paid by Chinese mills for European supplies of OCC have rebounded strongly – a sure sign, say recovered paper industry experts, of ‘a shortage of fibre’.
In the opening quarter of 2017, Europe’s leading recovered fibre exporter — the UK — saw its OCC export prices to China peak at upwards of £150 per tonne (approaching Euro 180) before plummeting to around £75 (Euro 90) by early April.
However, Chinese buyers have made a swift return to the market to replenish supplies amid reports of more stable demand for their containerboard, thereby catapulting export values for UK-origin OCC to nearer £120 per tonne (Euro 144).
To read complete report Go To: OCC prices recover on renewed Chinese interest (Source: Recycling International)
