N.A. Containerboard Markets "Balanced"
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In regard to containerboard markets, Mark Wilde, senior analyst with Deutsche Bank, says that "we think the domestic (North American) market is balanced, but not ‘tight.' December mill figures suggest that producers are throttling back production and pushing more tons into the export markets. This should avoid inventory building during a seasonally slower period." However, the push is pressuring export prices – down as much as $50 - $80/ton in Latin America and Southern Europe markets from last summer's peak, he adds. Even larger drops have been seen in the Middle East.
Most European producers have recently announced a EUR 60/metric ton price increase on recycled containerboard, effective February 1, Wilde reports.
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