U.S. Containerboard Production Increased One Percent in May 2020
The containerboard operating rate in May 2020 was 90.3 percent, essentially flat (-0.2 pts.) from May 2019 and up 4.4 points year-to-date.
May 17, 2020 - The American Forest & Paper Association (AF&PA) today released its May 2020 Containerboard Monthly report. According to the report, total containerboard production in May increased one percent compared to May 2019. It was up six percent when compared to the same five months of 2019. May 2020 production of containerboard for export increased 42 percent compared to the same month last year; it was up 41 percent year-to-date. The containerboard operating rate was 90.3 percent, essentially flat (-0.2 pts.) from May 2019 and up 4.4 points year-to-date. Mill inventories of containerboard at the end of May increased 39,000 short tons from the previous month and were up 77,000 short tons compared to May 2019. The complete report with detailed tables, charts and historical data can be purchased by contacting Kory Bockman at Statistics_Publications@afandpa.org or 202-463-4716. The American Forest & Paper Association (AF&PA) serves to advance a sustainable U.S. pulp, paper, packaging, tissue and wood products manufacturing industry through fact-based public policy and marketplace advocacy. AF&PA member companies make products essential for everyday life from renewable and recyclable resources and are committed to continuous improvement through the industry's sustainability initiative — Better Practices, Better Planet 2020. The forest products industry accounts for approximately four percent of the total U.S. manufacturing GDP, manufactures approximately $300 billion in products annually, and employs nearly 950,000 men and women. The industry meets a payroll of approximately $55 billion annually and is among the top 10 manufacturing sector employers in 45 states. Visit AF&PA online at www.afandpa.org or follow us on Twitter @ForestandPaper. SOURCE: AF&PA |