Virgin Paper Price Trend and Forecast

Virgin Paper Regional Price Overview

Get the latest insights on price movement and trend analysis of Virgin Paper in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Virgin Paper Price Trend for the Q1 of 2024

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In the first quarter of 2024, the Indian paper industry registered some changes due to the escalating international pulp prices and geopolitical tensions. However, the surge in pulp prices primarily led to a slight surge in virgin paper prices from an average of 622 USD/MT to 625 USD/MT. However, the traders and manufacturers anticipate a further increase in the pricing trajectory as the rising freight costs and limited availability of raw materials might alter their production volumes. This remolding of the industry due to raw material crises is tightly linked with the disruption of the Red Sea route due to the ongoing Houthi attacks on shipments.
 

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Additionally, this almost stagnation in the prices during the first quarter was a result of high inventory levels and tepid demand during the initial phase of the quarter. In view of these challenges, the market players adjusted their internal efficiencies to sustain their profit margins, reflected well in the pricing spectrum of the commodity.

This jest of protection of profit margins was not only limited to the Indian paper and pulp sector, as a similar trend was observed in the European sector. This was not clearly visible in the pricing patterns of the first quarter, but the manufacturers looked to increase their price quotations for almost all grades of paper in order to balance their cost of production.

Analyst Insight

According to Procurement Resource, the price of Virgin Paper is estimated to surge by a noticeable margin in the next quarters as the major players in the paper and pulp sector have announced hikes in their commodity prices, quoting the limited raw material availability and changes in global trade routes along with surging freight charges as their basis.

Procurement Resource provides latest prices of Virgin Paper. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.