Link: Strong Domestic Demand in U.S. for Old Corrugated Containers Pushing Prices
(USA, September 23, 2016) Domestic demand in the U.S. for old corrugated containers (OCC) continues its strong streak, while pricing for the brown grade in July hit a nearly four-year high for a one-month price increase. …
Boston-based research firm RISI’s Aug. 5 Yellow Sheet reports pricing increases for OCC of up to $10 per ton domestically and up to $25 per ton for exports from the month prior in light of lower generation, as well as from a combination of “intense export demand from China and steady-to-strong domestic mill buying.” Export levels increased to $178 per ton FAS (free alongside ship, meaning the seller must deliver goods to a named port alongside a vessel designated by the buyer) at the Los Angeles/Long Beach ports and $170 per ton FAS at New York/New Jersey ports, according to the Aug. 5 Yellow Sheet.
The buyer cites an uptick in buying from China as a factor for the pricing increases….
The full story along with pricing tables is available on Recycling Today’s website: www.recyclingtoday.com/article/off-the-charts-september-2016 (Source: Recycling Today)