The Asian waste paper market continued to be silent. The prices of old carton boxes (OCC) and old newspapers (ONP) declined slightly, but there was no dramatic change. We expect that after the Spring Festival in China, the market demand will increase, but the continuous production cuts in Europe and the United States will reduce the output to the market. Suppressed.
The increase in demand for ONPs in Japan’s domestic market has resulted in a reduction in exportable quantities. According to the information, Japanese paper mills have the right to choose domestic waste paper, and the tonnage can be exported. Therefore, Japan's ONP stocks have already been sold out. Traders encourage customers to purchase US ONPs instead.
In Asian waste paper market, due to thin trading, prices remained stable, but it was reported that US OCC fell by 5 US dollars per ton, the European OCC was stable, and Japan’s OCC increased by 6 US dollars per ton. The price of ONP is mixed, with both European and American ONPs falling by US$5. Japan’s ONP can help keep prices stable due to supply reduction.
About China's abolition of the import licensing system
According to a reporter who has contact with the Chinese market, the Chinese market has circulated a claim that as China enters the WTO, China will abolish the licensing system for imported waste paper, but he added that Chinese officials have no explicit reference to this, If this news is implemented, it means that small paper mills can directly import waste paper in the future, but at present the importer is responsible for environmental protection and small paper mills are commissioned through traders or large paper mills.
The increase in demand for ONPs in Japan’s domestic market has resulted in a reduction in exportable quantities. According to the information, Japanese paper mills have the right to choose domestic waste paper, and the tonnage can be exported. Therefore, Japan's ONP stocks have already been sold out. Traders encourage customers to purchase US ONPs instead.
In Asian waste paper market, due to thin trading, prices remained stable, but it was reported that US OCC fell by 5 US dollars per ton, the European OCC was stable, and Japan’s OCC increased by 6 US dollars per ton. The price of ONP is mixed, with both European and American ONPs falling by US$5. Japan’s ONP can help keep prices stable due to supply reduction.
About China's abolition of the import licensing system
According to a reporter who has contact with the Chinese market, the Chinese market has circulated a claim that as China enters the WTO, China will abolish the licensing system for imported waste paper, but he added that Chinese officials have no explicit reference to this, If this news is implemented, it means that small paper mills can directly import waste paper in the future, but at present the importer is responsible for environmental protection and small paper mills are commissioned through traders or large paper mills.