In China, sluggish demand and excessive supply have weighed on prices for recycled containerboard and cartonboard again in July and forced some mills to curtail production, while producers of virgin fiber-based ivory board and fine paper have instigated hikes in a bid to halt the sharp price declines seen in recent months.
July is supposed to be the start of the traditional peak season for the packaging industry in China, with board demand usually picking up – driven by both domestic and overseas orders related to various festivals in the second half of the year.