The recently released set of figures outlining the potential demand for this year indicated levels similar to last year. While this would appear to indicate no growth in demand once new targets are applied it should be noted that there are still some 400 producers yet to register.
Overall when compared with the first quarters supply the market would appear to be in balance with only market sentiment resulting in some upward price pressure on evidence note costs.
Rumours of harsher import controls at Chinese ports have resulted in plastic notes values increasing. All other materials appear to be in good supply with wood already reporting 40% of the material specific demand has been met. This will give some comfort to those concerned with large target increases in 2018.
- Ian Andrews