tjh290633 wrote:Smiths run recycling of cardboard and Board, so if anyone is short, it shouldn't be them. TJH
The problem is that the cost of the source product to be recycled has increased. There is a quote from Bank Of America from earlier this month here:
"Containerboard prices are recovering and box demand is strong, fuelled by e-commerce, and the trend will continue, BofA analyst Alexander Berglund said.
But the cost of paper for recycling has almost doubled from 2020 and this will affect boxmakers Smurfit and DS Smith most. It will take those companies about a year to increase prices to protect margins whereas Mondi is more insulated and has greater exposure to higher containerboard prices, Berglund said."
https://www.investments.halifax.co.uk/r ... 4&type=bsm