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| Product | Category | Region | Price | Last Updated Month |
| Unbleached Kraft Paper | Packaging | China | 875 USD/MT | September 2025 |
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In the first quarter of 2025, unbleached kraft paper prices followed an upward trajectory despite mixed market conditions. January began with major producers announcing substantial price increases, though these were not immediately reflected in market indexes. By February, the market partially accepted these increases, with leading indexes recognizing a $40 per ton gain in the prices.
The price movement throughout Q1 was primarily driven by manufacturers' need to improve margins rather than by strong demand fundamentals. This was particularly notable since recycled fiber input costs had actually decreased in the months preceding the quarter. March concluded with further upward pressure when The Navigator Company announced additional increases of 4-7% on all packaging papers, set to take effect at the start of Q2.
Throughout the quarter, export volumes remained important but showed cooling compared to their April 2024 peak, with global demand conditions remaining somewhat weak despite prior benefits from shipping disruptions like the Red Sea crisis.
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This report provides the cost structure of paperboard by pulping, bleaching, and coating processes.
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