China's buys 67% of US recovered paper – a rise of 27% in August
According to US Dept. of Commerce, Bureau of Census figures; China purchased 67% of total US recovered paper exports (14.1 million tonnes through August this year). The 14.1-million-tonne total was up 14.1% compared to August 2010 exports.
In China, the 67% share totaled 9.488 million tonnes which is a rise of 26.6%.
China's demand was lifted mainly due to continuing growth in containerboard and boxboard capacity. However, Nine Dragons Paper, the largest containerboard manufacturer in China, recently publicised plans to postpone some of their new machines coming online over the next two years.
The second biggest US export market was the Asia-Far East region (chiefly to India followed by South Korea), that totaled 2.35 million tonnes (a rise of 8%). Mexico's total was 1.01 million tonnes, a drop of almost 23% off a record 2010 total.
Exports to Canada were down 23% and came to 582,289; however, imports from Canada into the USA were up 31% to 549,552 tonnes.
Posted Date: 24th Oct 2011