The European recovered paper market enters the final quarter of 2026 on a firmer footing, particularly for the lower grades. OCC has shown the clearest upward momentum, with European export indicators recovering by approximately 20-25% from early-spring levels, while mixed paper has followed more moderately. Higher grades present a more differentiated picture: Sorted Office Paper (SOP) has remained comparatively stable whereas certain pulp substitutes have recently shown greater firmness (...)

• Weak collection supports recovered fibre prices amid moderate downstream demand
• Access to Indonesia requires demonstrable quality management across supply chain
• EU’s revised WSR has potential to block recovered fibre flows to key markets

• Europe’s OCC export values towards Asia up by approximately 15-25%
• Key buyers include India, Vietnam, Indonesia, Malaysia and Thailand
• Logistics adding substantial layer of inflation to trading picture

• US/Canadian tariffs constitute significant new wild card
• American Forest and Paper Association urges two governments to renew negotiations
• Higher recovered fibre pricing owing to continued slow generation