Delaware, Ohio based Greif, Inc. announced last week that it is implementing price increases on its paperboard and containerboard products. A $50/ton price increase for all grades of uncoated recycled paperboard (URB), a $70/ton price increase on recycled and semi-chemical medium, and a $60/ton increase on recycled linerboard will be effective with shipments on and after March 4, 2021.
Lake Forest, Illinois based PCA announced a $70/ton hike, effective March 1. “This is the biggest domestic hike in memory and comes just four months after a $50 increase,” said Mark Wilde Ph.D. at BMO Capital Markets. “With markets very tight, other producers are sure to follow, but whether they can get $70 is another matter. We expect this attempt to garner more push-back from box customers than the November hike.”