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Italian packaging paper prices rise, interest rate hikes follow

Italian packaging paper prices rise, interest rate hikes follow

2033 Views 0 Liked Posted on: 11/09/2021
By Tin can Best

According to media reports, Italian packaging manufacturers said that packaging paper prices have risen sharply, especially in the spot market, making them feel affected. Due to limited supply, prices will rise again in November, and many suppliers will charge energy surcharges.

Italian packaging manufacturer

Due to strong demand, limited supply and rising cost pressures, Italian packaging paper and uncoated fine paper manufacturers increased their delivery prices in October, especially the soaring spot prices. Market participants said that it is not uncommon for paper to be sold to the highest bidder under tight supply conditions.

But that's not all: as energy costs, especially natural gas costs, soar towards the end of the third quarter, some producers have informed their customers that they plan to impose additional surcharges, starting from the end of October or November Again, the price was increased substantially. According to reports, some manufacturers also charge new prices for orders that have already been placed. Although they sympathized with the difficulties faced by the paper industry, buyers felt that the manufacturer’s approach was an insult. Some buyers are considering legal action against suppliers.

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Tag: Italian packaging manufacturer
Posted in: Packaging Industry News

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