Some US exporters now start seeing a bottom at $20! after a 90-day, $75 plummet in OCC to Chinese mills

摘要

With rising demand anticipated at Chinese box plants for Chinese Lunar New Year (CIST holiday, US traders began to believe a $70-75, 90-day plummet on exported old corrugateu containers (OCC) was over. In the last month, the level is down $45-50. US OCC yesterday at $200-205/tonne delivered to a main port in China was the lowest in nearly two years since December 2009's $181-185 and just more than $197-202 in June 2010. The three-month $70-75 decline followed an unprecedented 11-month export price run where US OCC to a main port in China stayed within a tight, high-level $260 to $280 range.