Price-Watch’s most active coverage of Old Corrugated Container (OCC) price assessment:
North America
- OCC 11 (Purity-95%) FOB Savannah, USA
- OCC 12 (Purity-98%) FOB Savannah, USA
Asia-Pacific
- OCC 11 (Purity-95%)CFR Nhava Sheva (USA), India
- OCC 12 (Purity-98%) CFR Nhava Sheva (USA), India
- OCC 11 (Purity-95%) CFR Jakarta (USA), Indonesia
- OCC 12 (Purity-98%) CFR Jakarta (USA), Indonesia
- OCC Grade 95/5 (Purity-95%) CFR Nhava Sheva (Spain), India
- OCC 11 (Purity-95%) CFR Haiphong (USA), Vietnam
- OCC 12 (Purity-98%) CFR Haiphong (USA), Vietnam
- OCC Yellow Cardboard Grade A (Purity-95% ) Ex- Liaoning, China
- OCC Yellow Cardboard Grade A (Purity-95% ) Ex- Hebei, China
- OCC Yellow Cardboard Grade A (Purity-95% ) Ex- Henan, China
- OCC Yellow Cardboard Grade A (Purity-95% ) Ex- Shandong, China
- OCC Yellow Cardboard Grade A (Purity-95% ) %) Ex- Zeijian, China
- OCC Yellow Cardboard Grade A (Purity-95% ) Ex- Fujian, China
- OCC Yellow Cardboard Grade A (Purity-95% ) Ex- Guangdong, China
Europe
- OCC Grade 95/5 FOB Algeciras, Spain
- OCC Grade 95/5 FD, Europe
Note: In assessments structured as CFR [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
OCC Price Trend Q1 2026
In Q1 2026, global OCC prices strengthened moderately, increasing by 13% compared to Q4 2025. The market experienced improved demand from packaging sectors such as FMCG cartons, food delivery boxes, pharmaceutical packaging, and e-commerce applications, where consumption rose steadily following extended inventory correction during previous quarters.
Supply conditions tightened moderately as lower collection activity during earlier low-price periods reduced recovered paper availability across major recycling regions. Asian paper mills increased procurement activity to support improving export packaging demand and containerboard production.
Feedstock costs for recovered paper grades increased slightly due to tighter availability and improved buying activity. Mills operated at stable to slightly higher utilization rates to align with improving consumption trends, while inventories declined gradually due to stronger offtake. Overall, the global OCC market remained cautiously firm with improving downstream demand and tightening supply conditions.
USA: Old Corrugated Container (OCC) Exported Price FOB Savannah, USA; OCC 11 (Purity-95%)
In Q1 2026, USA FOB OCC Grade 11 prices rebounded strongly by approximately 13% compared with Q4 2025, reflecting a gradual recovery in both domestic and export demand conditions. Downstream US containerboard mills increased procurement activity as they rebuilt inventories following extended destocking cycles from previous quarters.
Packaging demand from FMCG, food delivery, pharmaceutical, and e-commerce sectors strengthened steadily as consumer activity improved after the year-end slowdown. Upstream OCC collection volumes tightened as earlier low-price conditions discouraged aggressive recovery activity, leading to reduced feedstock availability across key US regions.
Mills operated at slightly higher utilization rates in response to improving order inflows and better margin stability. Export demand from Asia, particularly Southeast Asia and India, recovered moderately as buyers returned to the market for higher-grade OCC procurement.
Month-on-month, prices remained unchanged in April 2026 compared with February 2026, indicating short-term stability after the earlier rebound. Overall, the market recovered cautiously with improving demand and tightening supply conditions.
India: Old Corrugated Container (OCC) Imported Price CFR Nhava Sheva, India from USA: OCC 11 (Purity-95%)
In Q1 2026, the OCC Grade 11 price in India on a CFR basis from the USA increased by around 7% compared with Q4 2025. The rebound was supported by post-holiday restocking activity among Indian paper mills as downstream packaging demand improved gradually. Corrugated box demand from FMCG, agricultural exports, and e-commerce sectors showed recovery after earlier inventory reductions.
Seasonal restocking following year-end destocking cycles encouraged mills to increase imported OCC procurement. On the upstream side, US OCC supply remained stable but slightly tighter due to improving domestic recycling demand and balanced export shipments. Freight conditions also stabilized, supporting improved trade sentiment.
Feedstock competition among Indian buyers increased moderately as mills restarted procurement programs to maintain containerboard production levels. End-use applications including retail cartons, shipping boxes, and industrial packaging showed healthier order flows compared with the previous quarter.
Month-on-month, prices remained nearly stable in March 2026 compared with February 2026. Overall, the market shifted toward a moderate recovery phase.
Spain: Old Corrugated Container (OCC) Exported Price FOB Barcelona, Spain; Grade- Grade 95/5 (Purity-95%)
In Q1 2026, the Spain FOB price for Old Corrugated Container (OCC) Grade 95/5 decreased slightly by approximately 2% compared with Q4 2025, reflecting weak market conditions. Downstream demand from corrugated packaging, transportation boxes, food delivery cartons, and industrial packaging applications remained stable but insufficient to absorb excess recovered fiber availability.
Spanish paper mills and recycling facilities maintained inventories following heavy stock accumulation during the previous quarter, reducing procurement activity. Feedstock supply conditions remained balanced as collection activities from retail chains, logistics centers, and municipal recycling programs continued efficiently after the holiday season.
Export opportunities improved marginally compared with late 2025, although Asian buyers maintained cautious purchasing strategies amid moderate global containerboard demand. Seasonal recovery in agricultural packaging and food distribution supported recycled linerboard consumption across Spain.
Month-on-month, prices increased by around 5% in March 2026 compared with February 2026. Overall, the Spanish OCC market remained soft throughout the quarter.
UK : Old Corrugated Container (OCC) Domestic trade Price FD United Kingdom, Europe; Grade- Grade 95/5 (Purity-95%)
In Q1 2026, the UK domestic OCC Grade 95/5 price declined further by around 2% compared with Q4 2025, although the pace of decline slowed significantly. The market showed early signs of stabilization after the sharp correction seen in the previous quarter. Downstream demand from corrugated box manufacturing, FMCG packaging, and logistics applications gradually improved as post-holiday industrial activity resumed.
Upstream OCC collection remained steady, supported by consistent municipal recycling streams and retail waste generation after the festive season. Feedstock availability stayed comfortable, preventing any supply tightness. Export demand showed mild improvement but remained inconsistent due to global containerboard uncertainty.
Seasonal recovery in packaging consumption, especially food distribution and e-commerce returns packaging, provided moderate support. Month-on-month, prices increased by around 4% in March 2026 compared with February 2026. Overall, the UK OCC market remained slightly weak but more stable, with balanced supply-demand conditions and reduced volatility.
China: Old Corrugated Container (OCC) Domestic trade Price EX- Liaoning, China; OCC Yellow Cardboard Grade A (Purity-95% )
In Q1 2026, the Waste Yellow Cardboard Grade A price corrected downward by around 12% compared with Q4 2025, reflecting a clear market slowdown. The decline was mainly driven by post-festival demand weakness and reduced downstream packaging consumption after the peak holiday season. E-commerce order volumes fell, and FMCG packaging requirements normalized following year-end inventory buildup.
Downstream corrugated box producers slowed procurement activity and focused on destocking rather than fresh buying. Upstream feedstock availability improved as waste generation increased after the festive period, creating a temporary supply surplus. Mills reduced buying intensity, which further softened market sentiment.
However, long-term structural demand from recyclable packaging remained stable due to environmental regulations and sustainability initiatives in China. Despite the short-term correction, collection efficiency remained strong, and recycling infrastructure continued to expand. Month-on-month, prices increased by around 2% in March 2026 compared with February 2026.
Overall, the market entered a cooling phase driven by seasonal slowdown, inventory adjustment, and reduced downstream consumption.
Indonesia: Old Corrugated Container (OCC) Imported Price CFR Jkarata, Indonesia from USA: OCC 11 (Purity-95%)
In Q1 2026, the OCC Grade 11 price in Indonesia on a CFR basis from the recovered by around 6% compared with Q4 2025, reflecting a gradual improvement in market conditions. The recovery was supported by post-year-end restocking activity in Indonesian paper mills, as downstream corrugated box demand improved steadily with renewed FMCG and e-commerce order flow. Seasonal adjustments after holiday inventory clearance encouraged fresh import inquiries.
On the supply side, US OCC availability remained stable but slightly tighter due to improved domestic consumption and higher internal recycling absorption, which reduced export pressure marginally. Feedstock availability remained adequate, while sellers maintained firmer price expectations due to improved global sentiment. Freight conditions stayed relatively stable, supporting smoother CFR trade flows.
Importers followed steady procurement strategies amid improving market confidence. Month-on-month, prices remained stable in March 2026 compared with February 2026. Overall, the market reflected a stable-to-firm trend, supported by restocking demand and gradual improvement in downstream consumption in Indonesia.
Vietnam: Old Corrugated Container (OCC) Imported Price CFR Haiphong, Vietnam from USA: OCC 11 (Purity-95%)
According to Price-Watch™, in Q1 2026, the OCC Grade 11 price in Vietnam on a CFR basis from the USA increased by around 9% compared with Q4 2025. The recovery was supported by renewed procurement activity from Vietnamese paper mills following post-holiday inventory adjustments. Downstream corrugated packaging demand improved gradually as export manufacturing orders from electronics, textiles, and consumer goods sectors recovered slightly.
Seasonal restocking activity after the Lunar New Year period also contributed to stronger recycled fiber demand. On the upstream side, US OCC supply remained steady, but exporters adopted firmer pricing strategies due to improving Asian buying sentiment and moderately tighter domestic availability. Feedstock consumption at Vietnamese containerboard mills increased as production utilization rates improved.
Logistics operations and shipping schedules normalized compared with previous quarters, supporting smoother trade flows. Month-on-month, prices declined by around 3% in March 2026 compared with February 2026. Overall, the market shifted from a prolonged correction phase toward a moderate recovery supported by restocking cycles and improving downstream industrial activity in Vietnam.




