US OCC traders report Chinese trying to push prices down


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.