Weak demand and low operating rates yielded costly down time for the containerboard producers. While prices for the fourth quarter of 2008 were reasonably healthy – given reduced raw material costs – margins remained steady. Unfortunately, the first quarter of 2009 yielded lower selling prices and weaker consumption. On average, prices were down $30/ton from 4Q2008 and most believe the trend for lower prices and lower demand will continue into 2009.
List prices of both 42-lb linerboard and medium fell $15/ton in
March
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