Cartonmakers' year-end business picking up
The first announcement of a firm price increase by a major Scandinavian virgin-fibre producer has been made in the GC cartonboard market. The manufacturer is seeking to increase prices for shipments from 1 November onwards. Other producers are readying their customers for possible action in conversations, market experts told EUWID. If producers stuck to their usual approach of announcing price hikes six weeks in advance, further actions will follow in the weeks ahead or at the latest before the ECMA congress, which will take place in Salzburg on 21 and 22 September. Contacts anticipate that the first concrete talks between manufacturers and converters will commence in the coming weeks.
The industry generally appears to be running at good capacity utilisation. Both cartonboard and folding box manufacturers were encountering demand. Year-end business was picking up, EUWID was told. Lead times for GC cartonboard are reportedly still quite high, but appear to vary significantly. For instance, some sources quoted lead times averaging four to six weeks, with others mentioning up to eight weeks or even longer in isolated cases.