Packaging Corporation of America announced a $40/ton containerboard hike, effective May 15th. We would not be surprised to see other industry players to make similar announcements in the coming days. Although a $40/ton winter price
hike floundered on the back of weak box demand, global containerboard markets are very tight (and prices are rising, often
well above domestic prices) and we have received several reports in the past week that domestic box volumes are strengthening & mill backlogs are tightening. Containerboard producers are also struggling under the weight of increased raw material costs.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment