Prices for recovered paper are still pointing down in the UK. In August, another price reduction has been registered on the domestic and export recovered paper markets and there seems to be no end in sight to the negative price trend.
Exports to China remained subdued in August due to slow demand from Chinese paper mills, market sources reported. In addition, several Chinese customers, who were placing higher quality demands on recovered paper deliveries from the UK as of recently, were putting pressure on British suppliers to lower their prices in order to compensate for what they considered low-quality volumes. Moreover, downward pressure on UK export prices in August was exacerbated by falling prices on the recovered paper market in the USA.