Caixin
Mar 07, 2022 07:29 PM
BUSINESS

China’s Papermaker Price Hikes Add to Inflation Worries

Workers work in a paper mill in Jinzhong, Shanxi Province, on June 24, 2021. Photo: VCG
Workers work in a paper mill in Jinzhong, Shanxi Province, on June 24, 2021. Photo: VCG

China’s papermaking companies have been raising prices since last month due to solid overseas demand and rising raw material costs amid supply chain disruptions, analysts said.

Rising paper prices in the world’s largest producer and consumer of the commodity has sparked concerns of consumer inflation if higher costs get passed down to consumers. The concern has grown more acute with the war between Russia and Ukraine, which analysts worry will continue to add pressure to global supply chains.

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