The situation on the German recovered paper market has shifted dramatically within a short period of time. Prices for ordinary grades already fell significantly in August and now even larger reductions are being reported for September.
The reason for the tumbling prices were the extensive downtime measures in the paper industry. Many producers, particularly in the packaging paper segment, have idled machines in response to a steep decline in demand for new paper products. The extent of the current downtimes is unprecedented, both in terms of the number of the companies involved and in terms of the duration of the stoppages, said one respondent....
