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Industry

Paper prices rise again

Brussels-based Sappi Europe, supplier and producer of coated fine paper, packaging and speciality papers has announced it will increase some of its paper prices with immediate effect.

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Sappi Europe has raised its paper prices again

The firm has blamed decreasing profitability combined with further cost increases for the 5-8% increase on its Woodfree Coated and Woodfree Uncoated paper grades.

Due to these factors, Sappi says the price increase in Sappi’s Export markets are unavoidable.

The statement says: “This increase affects WFC and WFU sheets and reels and is valid with immediate effect. Your local sales office representative will contact you with further market related details.”

Sappi previously increased this same range of papers on January 1st, 2019. It cited continued high pulp prices and increasing energy and transportation costs as causing risk to its longer-term economic viability of its paper assets. The firm increased prices by 6-8% for all European and overseas markets.

This increase affects WFC and WFU sheets and reels and is valid with immediate effect. Your local sales office representative will contact you with further market related details

According to the US Bureau of Labor Statistics, the producer price index for pulp, paper and allied products rose from 167.4 in February 2017 to 212.4 in March 2018. The 25% increase is not expected to slow down. 

According to Smith Corona, the three main culprits for price increases are raw pulp, lack of paper mills and oversold paper mills, and release liner shortages.

Sappi Europe is not the only firm that has felt it has to hike up prices. In 2018, Premier Paper Group, Denmaur Paper Media and Elliott Baxter all announced price increases of between 4-8%.

In January 2019, German paper firm Zanders and Portugal-based papermaker The Navigator Company announced increased prices on all deliveries.



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