Who is responsible for the sluggishness of the global recovered paper market? What will we see in the future?

摘要

The global recovered paper markets have been unexciting for nearly two years, due mainly to the lethargic world paper and board markets and lackluster general world economy, and especially because of the slowing China. World paper and board demand grew by less than 1% in 2013-2014, compared to average growth of more than 2% over the last two decades. Meanwhile, China's paper and board output expanded by less than 2% in 2013-2014, a sharp contrast to the double-digit annual growth seen over the last two decades. As a result, global recovered paper demand growth slowed and the prices of recovered paper declined, with current prices being much lower than the highs posted in 2010-2011.