Nine Dragons Paper (Holdings) will reduce the output of recycled containerboard and boxboard from its flagship mill in Dongguan city, Guangdong province by around 98,000 tonnes in December.
Packaging board prices have jumped on the Japanese market this quarter as producers' earlier hike attempts paid off, while manufacturers of graphic paper are eying higher prices in early 2023 after pushing through rises in September.
An influx of fresh offers for kraft pulp imports and extended paper and board (P&B) downtime planned for the Lunar New Year holiday in January in China have emboldened the country's buyers to hold back on pulp imports over the past two weeks.
Indonesia’s PT Pabrik Kertas Tjiwi Kimia (Tjiwi Kimia), an affiliate of Asia Pulp & Paper (APP), exported A4 copy paper to Australia at dumped prices, the Australian Anti-Dumping Commission has found.
In Kamrup, Assam, India’s Shree Pawan Kraft Paper Mills is setting up a 300 tonne per day kraft paper plant, with an eye to an April 2023 startup.
Mondi plc ("Mondi" or the "Group") today announces that it has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities (together "Syktyvkar" or the "Business") to Augment Investments Limited ("Augment") for a consideration of RUB 95 billion (around EUR 1.5 billion at current exchange rate)1, payable in cash on completion (the "Disposal").
The price of old corrugated containers imported into East Asia on August 19 decreased from 15 to more than 50 USD/ton compared to 14 days ago. Prices have maintained a continuous downward trend from mid-July until now.
While the price of NBSK decreased by 15 USD/ton, the price of other paper pulp imported into China on August 19 decreased or remained unchanged.
Market participants have been picking up signs that prices for pulp imports have begun to fall in China and other Asian markets.
In Japan, Daio Paper, Nippon Paper Industries (NPI), Oji Holdings, Rengo and Hokuetsu Corporation have all announced substantial near-term price hikes for their packaging ranges, as well as for some specialty grades.