The latest BIR World Mirror for recovered paper has said that the market has faced many challenges over recent months, but remains stable.
Writing on the international market, J&H Sales International managing director Ranjit Baxi said: “With increased focus on quality controls and growing awareness of the Green Fence requirements, market confidence and export levels have both stabilised.
“The weakening of global trade and the introduction of larger vessels by various shipping lines have continued to be a challenge as the lines attempted to fill their ships on the eastbound trade. Imports continued to increase, which pointed to a risk of container imbalance in the future. As a result, eastbound sea freight rates continued to weaken…
“…The weakening of the US dollar also made export pricing difficult and this remained a challenge for exporters during the third quarter. By the end of the period, the market was looking forward to demand coming from China after the customary week-long October holidays.”