Chinese RCP prices climbing higher again; no relief in sight
SINGAPORE, Sept. 28, 2017 (PPI Asia) -Prices for recovered paper (RCP) collected domestically have continued to soar unabatedly in China, hitting new highs.
The surge is being driven by a combination of the Chinese government’s curbs on RCP imports and by an ongoing environmental crackdown in the country.
Over the past two weeks, Chinese pre-consumer and import old corrugated containers (OCC), comparable to US OCC, have seen rises of RMB 310-350/tonne ($47-53/tonne), clocking in this week at RMB 3,390-3,800/tonne.
The level is equivalent to $436-489/tonne, after deducting 17% VAT.
It is twice to triple the non-China Asia price of US OCC imports, which has ...