The British export market for recovered paper is affected by the devaluation of the Chinese renminbi.It is having a direct impact on buying prices in pound Sterling and also making market players somewhat nervous given China's gloomier economic outlook.
At present, though, market observers think that recovered paper demand from China remains good, and "decent amounts" are still being exported. This state of affairs may also be due to lower shipments from North America to China resulting from the strong dollar and higher domestic recovered paper consumption.
British export prices for mixed paper and old corrugated containers (OCC) have crumbled a little in August compared with July. Mixed paper prices on the domestic British market echoed the trend in export prices and fell a little. OCC prices also headed lower.
The full report on the British recovered paper market including the price table appears in issue 18/2015 of EUWID Recycling and Waste Management on 2 September. Online subscribers can access it here: