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Bill Moore, president of Moore Associates, discusses recovered paper markets outlook during Stifel conference call and expresses “cautious optimism” for OCC markets moving forward.
Over the last couple months—and since China launched its ban on certain recycled commodities—a lot has happened in the recovered paper markets. And according to Bill Moore, president of Moore Associates, there is more to come.
During a recent Stifel Capital Markets conference call, Moore says he remains “cautiously optimistic” about old corrugated cardboard (OCC) markets moving forward. He also reports mixed waste paper (MWP) is at an all-time low and that demand is strong for finished paper product to be converted into boxes.
“There was a peak in the beginning of 2017, and then China caused chaos for the next year,” explains Moore. “Interestingly enough, in the first half of this year, particularly the second quarter, you see upward movement in prices.”
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