July was another month of lacklustre demand from Italian mills for all types of recovered paper. Prices headed lower again as a result, especially those for high grades. The already low prices for deinking grades became a little cheaper. Ordinary recovered paper grades experienced another round of small price cuts, even though this market was described as relatively balanced.
Asian demand for ordinary recovered paper grades started to become livelier from mid-month onwards. Several insiders said that enquiries had come from India, in particular. Others mentioned other countries such as Indonesia or Malaysia. The interest displayed by Asian buyers might also be connected to freight rates, which have reportedly descended to a very low level. Prices for exports to the Far East were initially fairly stable at the start of July, but started to move in the second half of the month.
Read the complete monthly report on the recovered paper market in Italy and access price tables and graphing tools here:
