|MARKET ALERT - 28 October 2008 at 09:25|
| Over the last two weeks there has been a dramatic collapse of world demand for almost all recovered materials including paper. Prices have been tumbling almost in free fall and have still not reached the bottom.
So far export prices for most grades have fallen by up to £50/tonne. Even at these reduced prices orders are very difficult to obtain as mills in Asia are unwilling to give commitments when their production is limited and they have full stocks of raw materials.
UK mills do not have the capacity to absorb the export surplus and are restricting their intake to come from their regular suppliers.