COVERAGE NOTE: Fastmarkets RISI to launch new transaction price assessments for European cartonboard

BRUSSELS, Oct 8, 2020 (PPI Europe) – Following consultation with stakeholders, Fastmarkets RISI will launch new transaction price assessments for European cartonboard with effect from January 2021.

The new assessments will be for coated duplex board (GC2) and white-lined chipboard (GD2) in Germany, France, Spain, Italy and the UK, as well as for white-lined chipboard (GD3) in Italy. They will run in parallel with the existing assessments for six months. During this time, a fixed differential established at the launch will be applied between the two assessments.

Over time, discounts have grown so large that the existing PPI Europe price assessments have lost some of their value as an indicator of real market prices. Fastmarkets RISI will therefore discontinue the current price assessment series for these grades from July 2021.

The new assessments will be based on the following specs:

Coated Duplex (GC2)/Folding Boxboard

Quantity: min 20mt/full truckload

Basis weight: 270-280 g

Thickness/Caliper: 475-500

Taber 15⁰ CD: 10.8-13.1

Moisture content: 8-8.5%

ISO Brightness: +/- 85%

Locations: Germany, France, Spain, Italy and the UK

Incoterm: Free delivered to the buyer’s facility

Unit: Tonne

Currency: Euro

White-Lined Chipboard (GD2)

Quantity: min. 20mt/full truckload

Basis weight: 300 g

Thickness/Caliper: 390-410

Taber 15⁰ CD: 5.5-6

Moisture content: 8-8.5%

ISO Brightness: 79-82%

Locations: Germany, France, Spain, Italy and the UK

Incoterm: Free delivered to the buyer’s facility

Unit: Tonne

Currency: Euro

White-Lined Chipboard (GD3)

Quantity: min. 20mt/full truckload

Basis weight: 300 g

Thickness/Caliper: 385

Taber 15⁰ CD: TBC

Moisture content: 8-8.5%

ISO Brightness: 75-80%

Location: Italy

Incoterm: Free delivered to the buyer’s facility

Unit: Tonne

Currency: Euro

In a consultation held between August 20 and September 25, 2020, Fastmarkets RISI asked for feedback on whether the new assessments should cover:

A single pan-European price focusing on deliveries in the core region of Germany, France and Benelux;

A price for northwest Europe (Germany, France and Benelux) and a price for southern Europe (Spain and Italy);

Individual country-specific prices for Germany, France, Spain, Italy and the UK.

Most respondents preferred option 2 or option 3, with a slight majority for option 3. Fastmarkets RISI has therefore decided to retain the country-level detail.

For queries or comments, please contact pricing.risi@fastmarkets.com.

To view Fastmarkets RISI’s methodology for European packaging paper and board please see here.

For more Fastmarkets RISI Coverage Notes, please see here.

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