OCC Markets Mixed
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U.S. export OCC to China appears to have dipped $2 - $3/ton in the past couple of weeks, according to Wilde, who adds that YTD export OCC prices have been at record levels. The recent decline is mostly due to lower-than-expected package demand in China, he explains. In the domestic U.S. market, OCC jumped $15/ton to $177/ton (+43.9% y/y) in July. "It's not hard to see why OCC prices have been so healthy in 2011. Through May, U.S. OCC exports were up 82.3%," Wilde notes.
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