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OCC prices soften.(Options Clearing Corp. (Chicago, Illinois))
Official Board Markets
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September 02, 2006 |
COPYRIGHT 2009 Questex Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
A couple of months ago board mills were stuffing their warehouses wilth all the OCC they could find. As you might recall, the July 4th weekend was four days. So OCC prices spiked. With Labor Day just around the corner you would think they would be doing this again. Not so by a long shot. Domestic board mills are frill of inventory already. They're telling their suppliers that they can't pick up any more material, even with the upcoming long weekend. Or they're telling them to cut back on orders. Sloppy is a word you hear often nowadays.
"Chicago board mills are really full and are holding off on many noncontractual tons they accepted in the past," states one supplier …
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Source: HighBeam Research, OCC prices soften.(Options Clearing Corp. (Chicago, Illinois))