February 2018 Update
Producers of all grades of boxboard have nominated a price increase Q1 in North America. We expect that part of this will succeed by Q2 because of the rationalization of mills in North America. Two mills closed last year. Input costs for old corrugated containers (OCC) has not been supported but chemical and coating costs as well as energy inputs have exerted upward pressures.
Prices for boxboard in Asia were exceedingly volatile in the second half of 2017 but we saw a downward price correction for Coated Ivory and Grayback Recycled Boxboard of approximately 3% in January and this continued for Gray Back Recycled Boxboard in Februray. China has begun to release import licenses for recycled paper and this is assisting supply.