Link / India: imported paper prices on the rise; upswing for domestic paper producers
(New Delhi, India, Dec 06, 2017) China has stopped imports of several grades of waste paper as a part of campaign against foreign garbage, which has created shortage of raw material and impacted the paper production. Further capacities close to 3 lakh tonnes per annum are shut down due to lack of environmental compliance. As a result, packaging paper prices, for instance, have shot up by 40 per cent to over 5,500 yuan per tonne since August, according to Bloomberg data.
“This has led to paper suppliers from China and other countries, such as Indonesia, to either stop selling paper in India or sell at a higher price. We see a good momentum in the industry,” PS Patwari, CEO, Emami Paper Mills, said, adding, “India, which did not export paper to China, has now started exporting.”
To read complete report Go to: Better valuations of paper companies: Just a matter of time (Source: Economic Times)