OCC Demand from China Holding Firm
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Old Corrugated Containers (OCC) to China is holding firm at $195 - $210/ton FOB in June, Wilde reports. Key drivers are lower OCC generation in the U.S., strong export demand, and expectation of higher OCC demand from the startup of several new machines in China in the coming months. Demand is a bit soft in both the domestic markets and in China. In May, domestic OCC prices were essentially flat, down $1/ton to $155/ton.
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