High Price for Imported Recovered Paper Worries China
Nov. 6, 2007 - China's paper producers say their bottom lines are being hurt by the rising price of the industry's staple raw material—recovered paper.
According to China Paper Online, recovered paper accounts for about 44% of the raw material currently used by paper manufacturers in China, and the price for the imported material has risen year after year.
A tight international market continues to put pressure on pricing and in the first eight months of 2007 the average price of imported recovered paper was US $170.70 per metric ton, up by 24.5% from 2006.
Since January 2006, the price for imported recovered paper climbed by US $44.30 to US $182.30 per metric ton in August 2007, a record high in for imported recovered paper in China.
SOURCE: China Paper Online