Packaging & Paper/Forest Wrap-up: Wrap-Up: Pricing Friday, 2Q preview redux

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Packaging & Paper/Forest Wrap-up: Wrap-Up: Pricing Friday, 2Q preview redux

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Packaging & Paper/Forest Wrap-up

Wrap-Up: Pricing Friday, 2Q preview redux

Industry Overview

Packaging & Paper/Forest Wrap-Up: Volume 34, Week 24 16 July 2026

Our Wrap-Up reviews: (1) Upcoming pricing from Fastmarkets and our just-issued Equity

preview; (2) Random Lengths (RL) wood products pricing trends; (3) key takeaways from United States

UCFS shipment data; (4) Nielsen beverage packaging scanner trends; and (5) World Cup Packaging & Paper/Forest Products

closing remarks; (6) Bev-Alc and beer trends.

George L. Staphos

Here comes pricing and… ResearchBofAS Analyst

This Friday, we will get the latest pricing data from Fastmarkets RISI/Pulp & Paper Week +1 646 855 4495 george.l.staphos@bofa.com

(RISI, PPW). As the June price hike in containerboard was fully reflected last month, we’ll

be reviewing this month’s containerboard writeup in PPW for comments regarding

demand, the degree to which containerboard pricing is being implemented in boxes,

chatter on a fall increase which we first reported on in our June Boxmakers Roundtable. Exhibit 1: Random Lengths Lumber and

Meantime in boxboard, we expect pricing will remain flat given continued oversupply in Structural Panel Pricing (Y/Y Chg)

coated recycled board (CRB) and solid bleached sulfate (SBS). See Exhibit 8. Lumber and Plywood up, OSB flat WoW

50%…earnings news flow 40%

Our 2Q preview discussed the boxboard and containerboard market, as well as other 30%20%

10%

0%trends. Overall, earnings should be flat in packaging and down sharply in paper/forest. -10%

See here for preview which also had a number of rating changes as we rebalanced our -20%-30%

ratings distribution.