IP, WestRock, PCA Announce $70/Ton Price Hikes March 1
AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser.
Board Converting News sources reported that the top three North American containerboard producers -- Inter- national Paper (IP), WestRock, and Packaging Corporation of America (PCA) -- have all announced $70 per ton price increases, effective March 1. Cascades has reportedly an- nounced a $40 per ton hike on corrugating medium, effec- tive March 1, and Greif announced that it is implementing a $50 per ton increase for all grades of uncoated recycled paperboard (URB) effective with new orders and ship- ments on and after February 14, 2022. “To date, no company has broken ranks with IP’s $70 per ton increase or the March 1 implementation date,” not- ed Mark Wilde, Ph.D. of BMO Capital Markets. “A $70 hike would be the largest in industry history and comes in the wake of $160-180 of price increases (three separate hikes) over the past 18 months. “We rate the prospects of the $70 hike as roughly 50/50,” added Wilde. “This hike is apt to be tougher than the prior three moves during this cycle. Based on recent BMO channel checks, containerboard appears to be more widely available than it was four to six months ago.” Board Converting News will adjust its prices if and when survey respondents report having paid the imminent increases.
REGION E. Coast Midwest Southeast Southwest
42# Kraft liner
26# Semi-Chem. Medium
$1005.00-1010.00 $1020.00-1030.00 $1020.00-1030.00 $1020.00-1030.00 $1050.00-1060.00 $1023.00-1032.00
Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del.
$940.00-990.00 $955.00-975.00 $955.00-975.00 $955.00-975.00 $975.00-995.00 $958.00-978.00
West Coast U.S. Average
SHEET PRICES BY REGION (AVERAGE) Per 1MSF, local delivery included, 50MSF single item order, truckload delivery. Sheets
E. Coast Midwest South-SW S. CA N.CA/WA-OR US Aver.
200# 275#
$62.26
$72.05
$62.69 $82.80
$85.35 119.54
$73.13 101.29
97.32
99.89
90.86
113.65
OYSTER UP-CHARGE 8.34
8.34
8.34
8.34
8.34
8.34
275# DBL-WALL 350# DBL-WALL
107.46 118.45
114.69 129.32
116.54 137.25 117.82 145.56
141.08 148.46
122.76 131.80
CANADIAN SHEET PRICES (AVERAGE) In Canadian Dollars, per 1MSF, local delivery included, under 50MSF single item order, truckload delivery. 200# 275# Oyster UC 275#DW 350#DW $78.56 $99.18 $9.00 $96.32 $105.83 CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton.
42# Kraft Liner 26#
Semi-Chem Medium
East West
$970.00
$960.00 $995.00
$1,015.00
3
January 31, 2022
www.boardconvertingnews.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online