Cascades Has Raised Price of URB, according to Truist Securities
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Cascades has announced a US$70/ton price increase on uncoated recycled paperboard (URB) effective April 21, as reported by Truist Securities. This marks the fourth-largest North American URB producer by capacity. The announcement is seen as positive for Sonoco Products and Greif, following recent price hikes due to tightening market conditions and manufacturing cost inflation. URB demand remains steady, while capacity is being rationalized with Greif closing nearly 90k tons. Despite a decline in OCC prices, other costs remain elevated.
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