BUZZ-US paper and packaging firms fall as containerboard prices slide
International Paper Company IP | 36.54 | -0.30% |
Packaging Corporation of America PKG | 209.93 | -0.26% |
** Shares of U.S. paper and packaging firms fall in premarket trading
** RBC notes that a RISI survey indicates majority of buyers reported lower containerboard prices in February, while an unusually large wave of European imports increased supply and added further downward pressure
** Brokerage says prices of lineboard and medium, types of paper used to make corrugated cardboard, were both down $20 month-over-month to $925/ton and $815/ton, respectively
** Shares of Packaging Corp of America PKG.N and U.S.-listed stock of Smurfit Westrock SW.N down more than 6% each premarket
** Shares of International Paper IP.N were down 5.8%
** In 2025, PKG fell 8.4% and SW was down 28.2%
