Thursday, January 31, 2013

China's Buys 74% US RCP Exports

China purchased a higher-than-usual amount of total US recovered paper exports in November, with a 74% share, based on US Dept of Commerce, Bureau of Census figures.
Over the last several years, about two of every three tons of recovered paper exported went to China and that share has been rising this year to 70%.
In November, China purchased almost 1.26 million out of a total of 1.70 million tones of exports.
With India included, 80% of the November total exports went to China and India.
Of old corrugated containers (OCC), nearly 90% of the total OCC exports went to China (83%) and India (5.6%).
Year-to-date, the US exported 18.2 million tonnes through November, down 5% vs 2011 exports through November. The decline was caused by drops in sales of mixed paper and old newspapers, which combined were down 703,000, and in pulp substitutes (down 540,000).