Domestic OCC Prices Flatten
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The U.S. domestic OCC price in March was essentially flat, up $2/ton to $158/ton, Wilde of Deutsche Bank reports. On a y/y basis, OCC is down 13.7% y/y. The key driver will be Chinese demand in the coming months, he adds.
Export OCC to China was down $1 - 3/ton to $267 - $268/ton in early April. Looking ahead, a combination of stronger Chinese demand and constraints on Japanese OCC exports should lead to higher OCC prices in China, Wilde notes.
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