European Paper Companies Are Brewing A New Round of Paper Price Increases

Based on the initial success of price increases in April, European corrugated box material manufacturers obviously hope to seize this opportunity again and hope to start a new round of negotiations on delivery prices from June. Sources on both sides of the Italian market report initial price increases for brown recycled corrugated box material and brown kraft paper delivered in April. In April, prices for white-surface imitation kraft cardboard and white-surface kraft cardboard remained unchanged or increased only slightly in many cases.

In Italy, manufacturers hope to further increase liner board prices and are considering the possibility of price increases for a second shipment that may be delivered in May. Having said that, negotiations between buyers and suppliers for May deliveries are still incomplete and have been settled in the last days of April.

Both sides of the market are generally dissatisfied with the price adjustments for recycled corrugated box materials and kraft paper. As demand for corrugated board and packaging remains sluggish, converters don't understand why paper prices have to rise. Paper mills lamented low Italian containerboard prices and slow growth. The industry has raised the issue of the associated increased costs in justifying the need to increase liner board prices. This is especially true for recycled corrugated box material, as scrap paper prices have been trending upward across Europe since February or March and are expected to rise again in May.

Sappi Europe said it will increase prices for its packaging and specialty products from June 2024. The announced increases will depend on the product category, specifically: flexible packaging paper 15%, release paper (CCK and Glassine) 15%, label paper 10%. The company explained that the price increase was necessary to maintain the viability of its business

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