Monday, November 26, 2012

China's Oct. RCP Imports Fall, Pulp Up

China's total recovered paper (RCP) imports dropped 23.5% to nearly 2.076 million tonnes in October, down from some 2.714 million tonnes in September, according to data from China Customs (see table below).
October's figure was still 8.6% higher than the 1.911 million tonnes recorded in the same month of 2011, though. 
China's total pulp imports grew 3.8% in October compared to the previous month, to nearly 1.379 million tonnes, according to data from China Customs (see table below).
Chinese buyers snapped up tonnage in August and September for restocking, following price cuts by sellers. Most of these volumes arrived at Chinese ports in September and October, which was reflected in the customs data.