China’s Papermaker Price Hikes Add to Inflation Worries
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.
- MOST POPULAR