Buyers opt for cheaper European recovered paper grades over more expensive US grades

The recycled pulp project is one of the many overseas investments by Chinese board producers to secure high-quality recycled fiber supply

China-affiliated producers bought small volumes of US OCC imports but uncertainty still looms over a price rebound

Overcapacity in the pulp market continues to drive prices down, with Arauco announcing more price cuts for multiple grades in June

The expansions will make the company one of the leading producers of wood pulp and virgin fiber-based paper and board in China

Price plunges for pulp grades brought down fine paper and cartonboard prices while supply curtailment and paid off for recycled containerboard

Sales have shifted toward monthly commitments and spot market replenishment

Limited availability of RCP imports has not stopped the price drops as regional demand weakens

Low levels of OCC collection in US and Europe have triggered suppliers to search for price increases but resistance from Asian buyers remain strong

Both BSK and BHK prices plunged following the conference, with some buyers believing this is only the beginning of the prices drops