Recycled board prices still high in China amid US RCP import ban
BEIJING, May 18, 2018 (PPI Asia) -Recycled packaging board prices have spiralled up over the past two weeks following the country’s halt of recovered paper (RCP) imports from the USA.
According to a notice issued by China’s General Administration of Customs, all RCP cargoes imported from the USA are to be opened for inspection as of May 4.
What’s more, the China Certification and Inspection Group in North America has suspended pre-shipment inspections of US RCP deliveries to China for a month, effective May 4.
Such inspections are a pre-requisite for shipment, so their suspension has effectively shut the trade down.
The block on ...