ECBA reports that its members are exposed to massive price increases of recovered paper

The Association of European Coreboard producers (ECBA) in Brussels reports that its members are exposed to massive price increases of recovered paper. Especially Italian mills are struggling with spectacular price hikes.

According to the association it is obvious that the Covid 19 epidemic and lockdown of key industries are having severe economic impact. Furthermore, the pandemic has led to some global socioeconomic disruption and widespread fears of supply shortages.

Fibre recycling is a global market and materials flow across Europe and the world. One of the effects of the lockdown has been a reduction of paper and board consumption, which therefore created an important shortage in the collection of recovered paper. This dynamic is happening throughout Europe, with some slight differences between countries due to the dismantling in lockdown timing.

In Italy, which is almost 2 weeks ahead in the process of the Corona disease, the association noticed that the availability of recovered paper decreased throughout the month of March; this dramatically affected recovered paper prices. Growing difficulties in procuring recovered paper is now affecting all recycled paper producers in Italy.

ECBA noticed that similar dynamics are occurring also in the rest of Europe and believe that also in those regions recovered paper price risks to be severely impacted.

ECBA asks the authorities strongly all over Europe to sustain all existing recycled networks, in order to avoid dangerous price speculations.

Brussels, April 2020

Klaus Spielmann

Director General