Price-Watch’s most active coverage of Solid Bleached Sulfate (SBS) Board price assessment:
Asia-Pacific
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2) Ex-North India, India
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2) Ex-South India, India
- Solid Bleached Sulfate (SBS) 230-380 GSM Both Side Coated Bulk (1.19-1.2) Ex-West India, India
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52) Ex-East India, India
- Solid Bleached Sulfate (SBS) Board 230-400 GSM Back Uncoated High Bulk (1.47-1.55) Ex-East India, India
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2) FOB Madras Sea (India), India
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52) FOB Calcutta (India), India
- Solid Bleached Sulfate (SBS) Board 230-400 GSM Back Uncoated High Bulk (1.47-1.55) FOB Calcutta (India), India
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2) CIF Laem Chabang (India Madras Sea), Thailand
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2) CIF Port Kelang (India Madras Sea), Malaysia
North America
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52) CIF Houston (India), USA
- Solid Bleached Sulfate (SBS) Board 230-400 GSM Back Uncoated High Bulk (1.47-1.55) CIF Houston (India), USA
Europe
- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52) CIF Southampton (India), United Kingdom
- Solid Bleached Sulfate (SBS) Board 230-400 GSM Back Uncoated High Bulk (1.47-1.55) CIF Southampton (India), United Kingdom
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.
Solid Bleached Sulfate (SBS) Board Price Trend Q4 2025
In Q4 2025, global Solid Bleached Sulfate (SBS) Board prices have been declining further, falling by 4.5% compared with Q3 2025. The market has been experiencing softer pricing conditions despite the seasonal peak in packaging production linked to year-end retail demand. Packaging converters and brand owners in sectors such as confectionery packaging, cosmetics cartons, luxury gift boxes, and premium food packaging have been increasing production volumes to support holiday promotions and festive retail campaigns. However, much of the required SBS board supply has already been secured earlier in the year, which has been limiting spot market procurement.
Supply availability has been remaining ample as mills across major producing regions have been maintaining consistent operating rates and competitive export offers to sustain shipment volumes. Feedstock pulp prices have been remaining relatively stable, which has been providing limited cost pressure for price increases. Export demand from Asia has been continuing, although buyers have been negotiating lower contract prices due to abundant supply availability.
Seasonally, packaging consumption has been rising during the holiday period, but procurement has typically been occurring in earlier quarters. Compared with Q3 2025, the market has been experiencing a more noticeable price decline as supply has been exceeding immediate buying interest. Overall, the global SBS board market in Q4 2025 reflected weaker pricing dynamics driven by adequate supply availability and cautious buyer sentiment despite steady downstream packaging production.
India: Solid Bleached Sulfate (SBS) Board Export Price FOB Calcutta, India; Grade- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52)
In Q4 2025, Solid Bleached Sulfate (SBS) Board export prices from India have been continuing to experience a modest strengthening trend, registering a 1.0% increase compared with Q3 2025 on an FOB Calcutta basis. Export trading activity has been benefiting from seasonal demand linked to global holiday retail consumption and year-end promotional campaigns.
Packaging converters across major importing regions have been increasing production of confectionery cartons, cosmetics packaging, premium gift boxes, electronics cartons, and food packaging to support strong consumer demand during the festive season. Indian exporters have been maintaining stable shipment volumes while securing additional export inquiries from international buyers seeking timely deliveries. Feedstock pulp prices have been remaining relatively stable, allowing mills to sustain balanced cost structures while supporting modest price increases.
Indian paper manufacturers have been continuing to operate at steady production levels while focusing on fulfilling export commitments and maintaining consistent supply availability. Seasonal procurement cycles associated with festive retail promotions have been supporting steady export shipments throughout the quarter. Overall, the SBS Board export market from India has been reflecting a balanced yet slightly positive trading environment compared with Q3 2025, with seasonal demand improvements and stable supply conditions contributing to the price increase. On month on month basis, December 2025 prices have been decreasing by 4% compared with November 2025.
Thailand: Solid Bleached Sulfate (SBS) Board Imported Price CIF Laem Chabang, Thailand from India Madras Sea; Grade- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2)
In Q4 2025, Solid Bleached Sulfate (SBS) Board import prices in Thailand from India on a CIF Laem Chabang basis have been continuing to soften slightly, declining by 1% compared with Q3 2025. Importers have been maintaining steady shipments while carefully managing procurement for year-end production cycles. Downstream sectors such as gift packaging, confectionery cartons, premium food boxes, cosmetics packaging, and retail cartons have been sustaining production for holiday campaigns, but overall buying activity has been measured due to sufficient existing stock levels. Buyers have been prioritizing short-term orders, taking advantage of competitive Indian export offers while monitoring other regional suppliers.
Upstream costs, including bleached pulp and mill operating rates, have been remaining stable, limiting any strong upward pressure on import prices. Overall, compared with Q3 2025, the Thai import market for SBS Board has been reflecting a slightly softer yet stable environment, with adequate supply, measured buying patterns, and steady upstream costs keeping prices under mild pressure. On month on month basis, December 2025 prices have been decreasing by 5% compared to November 2025.
Malaysia: Solid Bleached Sulfate (SBS) Board Imported Price CIF Kelang, Malaysia from India Madras Sea; Grade- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.19-1.2)
In Q4 2025, Solid Bleached Sulfate (SBS) Board import prices in Malaysia from India on a CIF Kelang basis have been continuing to soften slightly, declining by 1% compared with Q3 2025. Throughout the quarter, importers have been maintaining steady shipments while managing procurement for year-end packaging demand. Downstream sectors including gift packaging, confectionery cartons, premium food boxes, cosmetics packaging, and retail cartons have been sustaining production for holiday campaigns, but overall purchases have been measured due to adequate inventory.
Buyers have been prioritizing short-term orders while taking advantage of competitive Indian export offers. Upstream costs, such as bleached pulp and mill operating rates, have been remaining stable, limiting strong upward pressure on prices. On Month-on-month basis, December import prices have been declining by 5% compared with November. Overall, compared with Q3 2025, the Malaysian SBS Board import market has been slightly softer yet steady, with balanced supply, careful purchasing, and stable upstream costs keeping prices under mild pressure.
USA: Solid Bleached Sulfate (SBS) Board Imported Price CIF Houston, USA from India; Grade- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52)
In Q4 2025, Solid Bleached Sulfate (SBS) Board import prices in the USA for shipments from India on a CIF Houston basis have been declining by 4.5% compared with Q3 2025, indicating continued pressure on the market during the year-end period. Although downstream sectors such as food and beverage packaging, confectionery cartons, cosmetics packaging, gift packaging, and retail cartons have been maintaining stable production for holiday sales and promotional campaigns, overall procurement by U.S. converters has been remaining cautious. Buyers have been focusing on short-term purchasing strategies due to sufficient stock levels and competitive import offers from other Asian suppliers.
Upstream factors including bleached pulp and Indian mill operating rates have been remaining relatively stable, which has been limiting upward price pressure across the supply chain. Despite the seasonal rise in packaging demand associated with year-end retail consumption, supply availability has been sufficient to keep prices under notable pressure.
On a month-on-month basis, December prices have declined by approximately 5% compared with November as purchasing activity has slowed toward the close of the year. Overall, compared with Q3 2025, the U.S. import market for SBS Board has been reflecting a softer but steady environment with measured buying and stable supply conditions.
United Kingdom: Solid Bleached Sulfate (SBS) Board Imported Price CIF Southampton, United Kingdom from India; Grade- Solid Bleached Sulfate (SBS) Board 230-380 GSM Both Side Coated Bulk (1.40-1.52)
In Q4 2025, Solid Bleached Sulfate (SBS) Board prices have been rising sharply by 9.0% compared with Q3 2025, reflecting strong upward pressure on the market during the quarter. Although downstream sectors such as food packaging, pharmaceutical cartons, cosmetics packaging, personal care boxes, and retail packaging have been maintaining firm production activity to support heightened demand during the festive and holiday retail season, procurement activity among UK converters has been strengthening.
Buyers have been increasing purchasing volumes to secure adequate supply amid firmer market conditions and higher supplier offers. Upstream factors including bleached pulp costs and mill operating expenses in India have been remaining firm, which has been contributing to the upward price movement across the supply chain.
While packaging production has been continuing to expand to meet strong seasonal retail demand, purchasing activity has been remaining active throughout the quarter. On a month-on-month basis, December 2025 prices have decreasing by 5% compared with November 2025. Overall, compared with Q3 2025, the UK import market for SBS Board has been reflecting a significantly firmer market environment with stronger demand and rising import prices.

