U.S. Recycled Boxboard Driven by Demand, OCC Costs
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Strong domestic demand and higher OCC costs (November = +$10 - $30/ton m/m) are driving U.S. recycled boxboard prices, Wilde notes. Caraustar and Sonoco have announced a $30/ton price increase on URB, effective December 6 and November 29, respectively. Since the beginning of the year, URB prices are up $95/ton. In October, URB prices rose $25/ton (announced = $35/ton) to $635 - $665/ton, +17.1% y/y. In CRB, Graphic Packaging is still the only producer to announce a price increase: +$40/ton, effective December 1. As with URB, list prices for CRB are up $95/ton since December 2009. Discussions with trade contacts suggest that with CRB order backlogs easing in recent weeks, producers may not be able to pass-thru the full price increase this year. Part of the strength in CRB is due to continued substitution from SBS grades.
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