Packaging stocks declined due to the drop in corrugated cardboard prices

LootboxPhobia · 2026-02-23T19:51:41+00:00

International Paper, Smurfit WestRock, and Sonoco Products' stock prices declined due to an unexpected drop in domestic corrugated cardboard prices. Analysts pointed out that weak demand and increased European imports led to the price decline, reflecting a deterioration in the market conditions for American packaging companies.

LootboxPhobia

2026-02-23 19:51:41

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Investing.com – The stock price of International Paper dropped 5.9% in pre-market trading on Monday, Smurfit WestRock declined 6.6%, and Sonoco Products fell 1.3%, following an unexpected decline in domestic corrugated board prices.

According to JPMorgan analyst Detlef Winckelmann, these packaging companies are under pressure after the RISI report showed a month-over-month decrease of $20 per ton in domestic corrugated board prices.

Winckelmann noted that the price decline is driven by weak demand, some discounting behavior by integrated producers, and increased imports of European corrugated boards, with European producers bearing the full tariff impact.

This development marks a negative turn for U.S. packaging companies that rely on corrugated board pricing as a key revenue driver. The price decline indicates a weakening market condition in the domestic packaging sector.

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