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Cardboard prices soaring in China ahead of 'Singles' Day'

Growing e-commerce, used-paper import ban causing carton shortages

Shipping cartons at a door-to-door delivery service company in Shanghai. More than 30 million parcels were delivered to homes in China in 2016.

SHANGHAI -- China's e-commerce boom and recent ban on used-paper imports is causing demand for shipping cartons to soar, sending cardboard prices sharply higher.

A cardboard box shortage is feared ahead of the country's annual Singles' Day shopping spree in November -- an event that should see one-day sales of around 1 billion units.

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