Thursday, March 14, 2013

More European Mills Raise Prices

The number of German paper traders seeking to hike prices for graphic paper in April keeps rising.
Since Deutsche Papier got the ball rolling by announcing a 7% hike for all graphic paper grades from April 1, several other market players have revealed similar plans.
Papier Union, which is part of the Inapa group, said it is aiming at 7% increases for all graphic papers from April 2. The firm ascribed the move to price hike announcements from papermakers and said it was unable to compensate for rising purchasing prices.
Igepa announced 6-7% hikes for all deliveries of sheeted graphic products from April. "Due to cost increases for energy and raw materials, especially pulp, the price adjustment is inevitable," the firm said in a statement.