Factories in Indonesia, Malaysia, Thailand, Vietnam and Taiwan were forced to shut down or even completely shut down paper manufacturing factories exporting to China.

To describe the unfavorable situation, the clues said that Testliner made from old American corrugated boxes (US DS OCC 12) in Taiwan has a very low export price to China, only 540-550 USD. /ton, but still could not find a buyer.

A paper producer in Taiwan said that Taiwan has an advantage when it comes to exporting recycled paper to China because the OCC price imported from the US is cheaper than elsewhere and the shipping fee from Taiwan to China is low. Even with such an advantage, Taiwan's exports of recycled paper to China have also declined.

China's economic slowdown also affects the export of packaging paper from Southeast Asia to China, in which the Testliner is at 520 USD/ton.

A manufacturer specializing in producing paper for export to China said that they buy DS OCC 12 directly from the US and then ship it to their factories in Southeast Asia at a cost that has reached nearly 300 USD/ton. With such an expensive cost, it doesn't make sense to buy expensive raw materials for the production of recycled pulp or for the production of recycled paper and ship them to China.

As a result, even customers who normally buy in bulk, including local manufacturers and companies that specialize in exporting paper to China, have cut their OCC purchases to a minimum at low prices.

However, sellers have resisted pressure from buyers to lower prices, citing reduced purchased volumes and increased logistics and operating costs in the US, Europe and Japan.

US and European suppliers have continued to find support in the Indian market.

As the import of recovered paper from the European Union to India was restored on April 1st, the US OCC price fell by 20 USD/ton and the UK OCC price dropped to 45-55 USD/ton compared to two weeks before.

Although Indian customers continued to ask for more discounts over the past two weeks, sellers said the situation has stabilized after suppliers made some concessions, as the country is still short of recovery paper.

Additionally, the cost of international shipping from the US and Europe to India is expected to increase shortly, worrying buyers.

In India, the price of US DS OCC 12 decreased by 10 USD/ton to 320-330 USD/ton and US Select OCC 11.5 decreased by 5-10 USD/ton, at 300-310 USD/ton. OCC of Europe, including UK, is reaching 290-295 USD/ton.

In Taiwan, the US OCC DS price dropped by 5 USD/ton to 245-250 USD/ton.

In Southeast Asia, large volume buyers forced sellers to lower prices for US high-end OCC to below $300/ton.

U.S. suppliers firmly disagree, saying that OCC prices in the US market have rebounded since falling earlier this month. This grade is usually sold at 300-310 USD/ton, unchanged over the past two weeks. A Chinese company said its factory in Southeast Asia had to pay $ 320 per ton.

Currently, US OCC prices in Southeast Asia and Taiwan are at $240-300/ton, down $5/ton for the lowest priced OCC.

Europe's OCC 95/5 has increased by 5 USD/ton to 275-295 USD/ton in Southeast Asia.

The previous information that the Malaysian authorities decided to postpone the implementation of pre-shipment checks (revocation papers) on board ships for shipment to Malaysia until 1 July has now been proven untrue.

Pre-shipment checks are still being carried out and the European OCC price in Malaysia has therefore increased by $5/ton to $275/ton.

OCC price of Japan decreased by 10 USD/ton to 240-285 USD/ton.