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In late September, the People’s Bank of China (PBOC) announced a cut in the existing mortgage rate by an average of 50 basis points.
Packagers moving from plastic to paper, particularly Amazon’s work to eliminate plastic bubble wrap with paper, contributed to the increase in shipments.
“Everyone expects an upturn in terms of demand but the market is not turning up,” one producer said.
Access a snippet of our monthly Latin America Paper Products Monitor, featuring an outlook for the market as whole as the region struggles to balance inflation and growth.
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