Copyright © 2022 Mintec Limited Contents
Packaging
Kraftliner, Testliner, Fluting & Cartonboard
39
In July, the French kraftliner 175gr price stayed flat m-o-m but increased by 18.1% y-o-y, to EUR 1,060/MT.
According to market participants, business activity has been slower in comparison to the same time year ago, and
demand has slowed down. In addition, the kraftliner market was facing a much larger surplus than recycled paper,
as more capacity had been added to the European market. Also, Russian kraftliner has been replaced by cheap
imports from the Americas, notably from Brazil.
The July price of French testliner 2 stayed flat m-o-m but increased by 26.7% y-o-y, to EUR 950/MT. According
to market sources, demand from white-top testliner manufacturers has subsided owing to the drop in demand in the
packaging sector.
The July price of semi-chemical stayed flat m-o-m but increased by 12% y-o-y, to EUR 928/MT. Semi-chemical
producers have robust orders and report being fully booked for the coming months. Although declining demand is
evident for these grades, market players still report having good order books with backlogs stretching into October.
The August price of GD2 stayed flat m-o-m and increased by 48.8% y-o-y, to EUR 1,585/MT. Additionally, the
August price of EU GC2 remained stable m-o-m but increased by 25.9% y-o-y, at EUR 1,845/MT. Both prices
are historically high since natural gas, recovered paper, and pulp prices rose again in August. According to
producers, there is still a robust order intake but sluggish call-offs. In some cases, delivery has been a month late
and wherever possible, customers have been cancelling orders, for instance, if price increases or surcharges are
announced. According to market sources, cartonboard prices may increase again in September 2022.
*Kraftliner - EUR/MT
Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Apr 22 Jul 22
600
680
760
840
920
1,000
1,080
1,160
SZ173 - Kraftliner 175g del FR
*Testliner - EUR/MT
Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Apr 22 Jul 22
450
530
610
690
770
850
930
1,010
SZ176 - Testliner 2 ave del FR
*Fluting - EUR/MT
Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Apr 22 Jul 22
700
740
780
820
860
900
940
SZ179 - Fluting semi-chem FR
Cartonboard - EUR/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
1,200
1,300
1,400
1,500
1,600
1,700
1,800
1,900
800
900
1,000
1,100
1,200
1,300
1,400
1,500
1,600
1,700
SV86 - Cartonboard GC2 del EU hi SV90 - Cartonboard GD2 EU hi (right axis)
*July 2022 is the latest available monthly data