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US OCC traders report Chinese trying to push prices down

Date: Mon, 20 Jun 2011 | Author: Paul Sanderson

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Dealers in the United States of OCC are reporting that China has been trying to push down the price of OCC by $10 per tonne.

In May, according to trade magazine Recycling Today, exporters were reporting that Chinese buyers attempted to force through $10 per tonne price falls, but US buyers were able to resist because of strong domestic demand.

It also reports that US domestic demand for ONP is high. As a result of this, it is expected that US prices for OCC and ONP should remain high for the next few months, despite recent fears that a price correction was imminent.  

Category: Recycling
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