Why is it talcing so long to restore the market balance for Asian printing & writing papers following the capacity expansion in China?

摘要

After experiencing a tough year in 2012, Asian printing & writing paper markets have still received no relief from the sluggishness thus far in 2013. This is reflected in the weak pricing in Hong Kong. The general recent weakness in pricing and low margins reflects oversupply in the region. This oversupply developed as a wave of capacity expansion hit the region in 2010-2011 (a region which already had a bit of a problem following the recession in 2009). But why is it taking so long for the balance to be restored?