European Paper and Packaging: The Paper Trail: EU Price Updates + US Boxmaker Feedback

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European Paper and Packaging: The Paper Trail: EU Price Updates + US Boxmaker Feedback

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European Paper and Packaging

The Paper Trail: EU Price Updates + US

Boxmaker Feedback

Industry Overview

EU Price updates + US boxmaker roundtable 19 June 2026

Our weekly Paper Trail reviews: 1) Fastmarkets EU kraftliner price update, 2) feedback Equity

from our US independent boxmaker virtual roundtable, 3) European softwood pulp price Europe

update for May 2026. Reminder, we are hosting an expert call with Svefa on Nordic Paper and Packaging

forest valuations next Monday, please contact us for details. Reinhardt van der Walt >>

Research Analyst

EU kraftliner hikes continuing, catching up with recycled MLI+44 (UK)20 7995 9270

Fastmarkets reported last week that April kraftliner price hikes were more extensively reinhardt.vanderwalt@bofa.com

implemented in May, with unbleached prices rising EUR60/t from Apr-May. White-top George L. Staphos

krafliner also rose EUR40/t across Central Europe markets. Paper markets tightened in ResearchBofAS Analyst

April due to maintenance shuts, production issues and potentially a drop in import george.l.staphos@bofa.com

pressure from the US. Pre-buying by non-integrated corrugators also seemed to be a Caio Ribeiro >>

demand driver. As we wrote this week, we see a risk of inventories unwinding again into Merrill Lynch (Brazil)

the summer after recent restocking. If the current weak underlying demand trend caio.ribeiro@bofa.com

continues, this could add renewed pressure on prices. If all planned kraftliner price hikes Jason Fairclough >>

are implemented (c. EUR120/t vs Testliner at EUR100/t), we could see renewed MLI (UK)

substitution back into Testliner. jason.fairclough@bofa.com

Paul Kirjanovs >>