The British market for bulk recovered paper grades is strongly feeling the impact of the shipping crisis triggered by attacks on vessels transiting the Red Sea. Delays in cargo vessel arrivals as a result of the rerouting around the Cape of Good Hope meant that some recovered paper consignments destined for Asia were not picked up. Moreover, there were reports that Asian paper producers had cancelled orders at the last minute due to the skyrocketing sea freight costs.
Meanwhile, collection volumes in the UK increased as usual after Christmas, though the increase has been less pronounced than in previous years. "Rather than the usual 30-40 per cent, we saw an increase of 10-20 per cent,” a market player told EUWID. All these factors contributed to create abundant supply of mixed paper and board (1.02) while demand in the UK and on the Continent was largely low.
Read the full report. . ....
