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Operator: Good day, everyone. Thank you for joining Packaging Corporation of America's Fourth Quarter and Full Year 2022 Earnings Results Conference Call.
Discover why box price declines are not yet reflective of linerboard and corrugated sheet price drops and how mixed demand signals are impacting prices
From Bloomberg: North American companies that make the raw material for corrugated boxes shut down nearly 1 million tons of capacity in the third quarter and a similar scenario is expected for the fourth quarter, Bloomberg Intelligence analyst Ryan Fox said. Prices are falling for the first time since 2020.
Global demand for packaging paper is showing weakness for the first time since 2020
Packaging paper prices dropped for the first time in two years as mills slash production worldwide, signs that global trade is slowing down.