Chinese OCC pricing rose $15/ton last week, following a $5 rise in the prior week, according to Mark Wilde, senior analyst with Deutsche Bank. If the rally continues, it places cost pressure on containerboard, but could also aid a third quarter price hike, he adds. Wilde further notes that in the gloabl containerboard arena, Smurfit-Stone Container Corp., Chicago, Ill., USA, will emerge from bankruptcy this week (see news article above).
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