Price-Watch’s most active coverage of Recycled Fluting price assessment:
Asia-Pacific
- Recycled Fluting 120-160 GSM, BF 20 Ex-West India, India
- Recycled Fluting 100-110 GSM, BF 20 Ex-West India, India
- Recycled Fluting 130-170 GSM, BF 20 Ex-Northeast India, India
- Recycled Fluting 120-160 GSM, BF 20 North India, India
- Recycled Fluting 120-160 GSM, BF 20 FOB Nhava Sheva, India
- Recycled Fluting 120-160 GSM, BF 20 FOB Calcutta Sea, India
- Recycled Fluting 120-160 GSM, BF 20 CIF Shanghai (India), China
- Recycled Fluting 120-160 GSM, BF 20 CIF Port Kelang (India), Malaysia
Europe
- Recycled Fluting 100-120 GSM, BF 20 FD Southampton, UK
- Recycled Fluting 100-120 GSM, BF 20 FD Milano, Italy
- Recycled Fluting 100-120 GSM, BF 20 FD Barcelona, Spain
- Recycled Fluting 100-120 GSM, BF 20 FOB Hamburg, Germany
- Recycled Fluting 100-120 GSM, BF 20 FOB Gdynia, Poland
Middle East
- Recycled Fluting 120-160 GSM, BF 20 CIF Jebel Ali (India), United Arab Emirates
Note: In assessments structured as CIF [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.
Recycled Fluting Price Trend Q4 2025
In Q4 2025, prices have been declining sharply by 8% compared to Q3 2025, as the market has been experiencing renewed supply pressure despite strong seasonal demand. While festive retail and e-commerce shipments have been supporting packaging consumption, mills globally have been operating at high rates, increasing availability. Recovered fiber supply has been ample, limiting input cost escalation. Export competition has been intensifying, particularly among Asian producers targeting price-sensitive regions. Some buyers have been delaying purchases in anticipation of further corrections. Industrial packaging demand has been moderate due to cautious economic outlooks in certain regions. Freight rates have been stable, offering limited cost push. Overall, the scenario has been reflecting oversupply conditions outweighing seasonal demand strength, leading to a significant quarter-on-quarter price decline toward the end of 2025.
India: Recycled Fluting export Prices FOB Nhava Sheva, India; Grade- Recycled Fluting 120-160 GSM, BF 20
In Q4 2025, prices have been easing by 2% compared to Q3 2025 and has been ranging between USD 350-380 per MT. Despite strong festive season packaging demand and peak e-commerce shipments, supply availability has been comfortable due to high mill operating rates. Export competition from other Asian origins has been intensifying, placing pressure on FOB offers from Nhava Sheva. Recovered paper supply has been steady, preventing major cost escalation. Overseas buyers have been negotiating more actively after restocking in Q3. Domestic industrial packaging growth has been moderate, while FMCG and retail shipments have been strong but manageable. Freight rates have been stable, ensuring predictable export flows. On month on month basis price chart in December 2025 has been witnessing almost 4.5% decrease when compared to November 2025. Overall, the market has been demonstrating typical seasonal correction, with sufficient supply meeting strong yet controlled demand, resulting in slight quarter-on-quarter softening while maintaining overall trade stability.
United Arab Emirates: Recycled Fluting Imported Prices CIF Jebel Ali, United Arab Emirates from India; Grade- Recycled Fluting 120-160 GSM, BF 20
In Q4 2025, Recycled Fluting prices have been averaging between 380-395 USD per metric ton, reflecting a 3% decline compared to Q3 2025. Despite the onset of peak retail and festive season demand in the UAE, pricing has been adjusting downward amid intensified regional competition and comfortable supply availability. Corrugated packaging demand has been increasing due to higher imports of consumer goods, electronics, food products, and e-commerce shipments linked to year-end sales campaigns. However, Indian exporters have been offering more competitive pricing to maintain market share against Southeast Asian suppliers. Recovered fiber costs in India have been stable to slightly lower, providing cost flexibility to mills. Freight rates on the India UAE route have been remaining steady, limiting logistical cost pressures. UAE buyers have been maintaining cautious inventory management after earlier steady procurement. On a month-on-month basis, prices have been decreasing by 3% in December 2025 compared to November 2025. Overall, the market has been reflecting competitive trading conditions, adequate supply, and measured buying activity across the Gulf region.
Malaysia: Recycled Fluting Imported Prices CIF Kelang, Malaysia from India; Grade- Recycled Fluting 120-160 GSM, BF 20
In Q4 2025, CIF Port Klang prices have been averaging between USD 385-415 per MT, reflecting a 4% decline compared to Q3 2025. Despite seasonal demand linked to year end retail shipments and electronics exports, pricing has been softening due to comfortable supply availability and intensified regional competition. Malaysian converters have been maintaining disciplined procurement strategies after steady purchases in previous quarters. Indian mills have been offering more competitive pricing to secure volumes amid pressure from Southeast Asian suppliers. Recovered waste paper costs in India have been stable to slightly lower, allowing pricing flexibility. Freight rates on the India–Malaysia route have been steady, limiting additional CIF cost pressures. On a month-on-month basis, prices have been easing gradually witnessing around 3% dip in December 2025 compared to November 2025. Overall, the market has been reflecting competitive regional trade conditions, adequate inventory levels, and measured demand growth across Malaysia’s packaging sector.
Oman: Recycled Fluting Imported Prices CIF Sohar, Oman from India; Grade- Recycled Fluting 120-160 GSM, BF 20
In Q4 2025, CIF Sohar prices have been averaging between USD 390–410 per MT, marking around 4% decline compared to Q3 2025. Despite the approach of peak retail and industrial packaging demand associated with the festive season and year-end shipments, pricing has been easing due to increased supply availability and competitive pressure from Gulf Cooperation Council exporters. Omani converters have been carefully managing procurement after sustained purchases earlier in the year, reflecting cautious outlooks amid fluctuating energy prices and regional economic adjustments. Recovered fiber costs in India have remained stable, allowing exporters to offer competitive CIF rates. Freight conditions on the India–Oman route have been predictable, contributing to steady logistical expenses. On a month on month basis, prices have been gradually softening through November 2025 and December 2025 indicating a dip of around 2% in December. Overall, the market has been reflecting a scenario of ample supply, competitive trade flows, and measured demand growth, resulting in moderate price correction while maintaining steady import volumes.
China: Recycled Fluting Imported Prices CIF Shanghai, China from India; Grade- Recycled Fluting 120-160 GSM, BF 20
In Q4 2025, CIF Shanghai prices have been averaging between USD 380–395 per MT, marking a 3% decline compared to Q3 2025. Despite strong corrugated packaging demand linked to year end export shipments and domestic online retail festivals, pricing has been adjusting downward amid comfortable supply conditions and competitive regional offers. Chinese box manufacturers have been maintaining steady procurement but have been avoiding aggressive stock accumulation after Q3 restocking. Domestic recovered fiber supply has been adequate, easing raw material pressure on local mills and reducing urgency for imports. Freight rates have been stable, limiting additional cost burdens. Indian exporters have been adjusting offers to remain competitive against Southeast Asian suppliers targeting the Chinese market. On a month on month basis, prices have been gradually softening through November 2025 and December 2025 indicating a dip of around 3% in December 2025. Overall, the market has been demonstrating balanced but competitive trade dynamics, with sufficient availability meeting strong yet manageable seasonal demand, leading to moderate quarter-on-quarter price softening.
Poland: Recycled Fluting Export Prices FOB Gdynia, Poland; Grade- Recycled Fluting 100-120 GSM, BF 20
In Q4 2025, FOB Gdynia prices have been averaging between USD 355-395 per MT, marking a 7% decline compared to Q3 2025. Despite the traditional year-end peak in European packaging consumption driven by holiday retail, beverages, electronics, and e-commerce shipments, pricing has been softening amid comfortable supply conditions. Corrugated producers have been maintaining adequate inventories following Q3 restocking, limiting spot purchases. Recovered fiber availability has been improving after summer, easing raw material cost pressures, while energy prices have been stable without triggering cost escalation. Competitive offers from other European mills have been intensifying export competition. Demand has been steady but not strong enough to absorb available supply fully. On a month-on-month basis, prices have been gradually declining from October through December 2025 marking a dip of around 1% in December 2025 compared to November 2025. Overall, the market has been reflecting balanced-to-long supply dynamics and cautious buying sentiment, resulting in a notable quarter-on-quarter correction despite seasonal packaging demand.
Germany: Recycled Fluting Export Prices FOB Hamburg, Germany; Grade- Recycled Fluting 100-120 GSM, BF 20
In Q4 2025, FOB Hamburg prices have been averaging between USD 340-380 per MT, marking an 8% decline compared to Q3 2025. Despite the typical year-end surge in packaging consumption driven by holiday retail sales, beverages, electronics, and e-commerce shipments across Europe, pricing has been softening due to comfortable supply levels and cautious procurement strategies. German corrugated producers have been maintaining sufficient inventories after Q3 restocking, limiting spot market activity. Recovered fiber availability has been improving post-summer, easing raw material cost pressures for mills. Additionally, competitive pricing from other European exporters has been intensifying market pressure. Energy prices have been relatively stable, preventing cost spikes but not offering strong upward support. On a month on month basis, prices have been steadily declining from October through December 2025 indicating a 1% decline in December 2025 compared to November 2025. Overall, the market has been reflecting balanced-to-long supply conditions and competitive export dynamics, resulting in a notable quarter-on-quarter correction despite seasonal demand strength.
UK: Recycled Fluting Domestically Traded Prices FD Southampton, UK; Grade- Recycled Fluting 100-120 GSM, BF 20
In Q4 2025, FD Barcelona prices have been averaging between USD 370-405 per metric ton, marking a 7% decline compared to Q3 2025. Despite steady year-end retail demand and e-commerce-driven packaging consumption across Spain and Southern Europe, pricing has been softening amid comfortable supply conditions and cautious buyer sentiment. Corrugated producers have been maintaining adequate inventories following Q3 restocking, limiting spot purchases. Recovered fiber availability has been improving after the summer season, easing raw material cost pressure on Spanish mills. Additionally, competitive offers from other European producers have been intensifying pricing pressure in Mediterranean export markets. Energy costs have been relatively stable, preventing major cost escalations but not providing upward support. On a month-on-month basis, prices have been gradually declining in December by 1% compared to November 2025. Overall, the market has been reflecting balanced-to-long supply conditions and competitive regional trade dynamics, resulting in a notable quarter-on-quarter correction despite seasonal demand.
Spain: Recycled Fluting Domestically Traded Prices FD Barcelona, Spain; Grade- Recycled Fluting 100-120 GSM, BF 20
In Q4 2025, FD Barcelona prices have been averaging between USD 380-410 per metric ton, marking a 7% decline compared to Q3 2025. Despite steady year-end retail demand and e-commerce-driven packaging consumption across Spain and Southern Europe, pricing has been softening amid comfortable supply conditions and cautious buyer sentiment. Corrugated producers have been maintaining adequate inventories following Q3 restocking, limiting spot purchases. Recovered fiber availability has been improving after the summer season, easing raw material cost pressure on Spanish mills. Additionally, competitive offers from other European producers have been intensifying pricing pressure in Mediterranean export markets. Energy costs have been relatively stable, preventing major cost escalations but not providing upward support. On a month-on-month basis, prices have been gradually declining in December by 1% compared to November 2025. Overall, the market has been reflecting balanced-to-long supply conditions and competitive regional trade dynamics, resulting in a notable quarter-on-quarter correction despite seasonal demand.
Italy: Recycled Fluting Domestically Traded Prices FD Milano, Italy; Grade- Recycled Fluting 100-120 GSM, BF 20
In Q4 2025, FD Milano prices have been averaging between USD 380-410 per metric ton, marking a 7% decline compared to Q3 2025. Despite year-end retail shipments, e-commerce growth, and steady food & beverage packaging demand across Italy, pricing has been softening due to comfortable supply levels and cautious procurement strategies. Corrugated manufacturers have been maintaining sufficient inventories following Q3 restocking, limiting additional spot purchases. Recovered fiber availability has been improving post-summer, easing raw material cost pressure on mills. Competitive pricing from other European producers has been intensifying market competition within the EU. Energy costs have been stable, preventing sudden cost spikes but not providing upward pricing support. On a month-on-month basis, prices have been gradually declining in December 2025 by 1% compared to November 2025. Overall, the market has been reflecting balanced-to-long supply conditions and competitive regional trade flows, resulting in a notable quarter-on-quarter correction despite seasonal consumption strength.




