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The Market: Scrap paper prices soaring

Recovered scrap paper prices in February continued to push upward with no apparent end in sight, reported The Paper Stock Report, the bi-monthly scrap paper market report.

 
 
The Paper Stock Report
The Paper Stock Report
PRLog - Feb. 19, 2010 - STRONGSVILLE, Ohio -- STRONGSVILLE, Ohio (February 10, 2010) –  Recovered scrap paper prices in February continued to push upward with no apparent end in sight, reported The Paper Stock Report, the bi-monthly scrap paper market report. At the middle of the month, the mean mill buying price for the 18 grades of recovered scrap paper tracked by The Paper Stock Report was more than $200 per ton for the first time since October 2008. The mean price – which was not weighted by volume – was at $200.69 per ton on February 10, the highest since October 10, 2008, when the mean was at $217.20.

Although the national mean price for domestic old corrugated containers (OCC) calculated to $142.50 per ton, most transactions were moving at high above that mark. The exception to the rule was in the Northwestern U.S., where mills were reportedly paying far less than the price of delivering tonnage to the ports for export. That region was impacted by the year-end closure of Smurfit-Stone’s mill in Missoula, Mont.

Mill prices for OCC and white office paper grades in particular continued to shoot upward this month.

The strength of the domestic containerboard market was reflected in a $50 per ton price hike in the Eastern U.S., and a $70 hike in the West. The weakened dollar has pushed containerboard exports, boosting domestic production, creating demand for recovered paper.

Since 1990, The Paper Stock Report, has lead the scrap paper industry in market coverage, featuring current scrap paper price quotations for loose scrap paper purchased by paper recycling plants, as well as baled paper prices as paid by paper and paperboard mills. For more information, visit www.recycle.cc/freepapr.htm.

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Ken McEntee, owner of The Write Company, has been working in and with the press since 1984 as a reporter and bureau chief for a daily metro newspaper, editor and publisher in the trade press and owner of a public relations & business communication firm.

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Source:The Write Company
Phone:440.238.6603
Zip:44149
Location:Strongsville - Ohio - United States
Industry:Manufacturing, Environment, Business
Tags:paper recycling, scrap paper, wastepaper, waste paper, paper, recovered paper, paper stock, paper mills, fiber, markets
Shortcut:prlog.org/10540476
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