In the April buying period, prices for all grades of recovered paper surged in response to short supplies caused in part by the COVID-19 pandemic.
The average U.S. price of old corrugated containers (OCC) increased in the April buying period to $71 per ton, according to Fastmarkets RISI’s PPI Pulp & Paper Week April 6 edition. Recyclers and brokers say OCC prices rose quickly, considering the industry experienced near-record-low prices for the grade in most of 2019.
“We were at 30-year lows, but for prices to double in 48 hours for scrap materials is unprecedented,” says a representative from a document destruction firm based in the Upper Midwest. Read More