Containerboard prices Down

It's official, the price for 42 lb linerboard and corrugated medium declined $10/ton in May; note, we reported reduction of @$15/ton between March and April. The new $10 reduction nets a total of $70/ton reduction from its recent high or a current market price of $470-490. Large spot orders are known to sell at less. Stay tuned, inventory levels are declining and manufactures are committed to take down time, but still plenty of capacity.