Market2Mill, Forest2Market’s recovered fiber price report and benchmark, has announced it is now reporting Sorted Office Paper (SOP) and export OCC prices and market trends. In addition, prices are now being reported for the California/Nevada sub-region.
“These changes are in response to the feedback we receive from our customers. Our goal is to report on all recovered paper grades, says Suzanne Hearn, vice president of marketing and sales at Forest2Market, “As we have customers that request the addition of grades to the report, we will work with all of our subscribers to meet the reporting requirements. We aim to add transparency to recovered fiber pricing so that so that our customers can make better-informed decisions. Supply and demand are the only factors that should affect price in an efficient market and, to that end, we will continue to strengthen Market2Mill reports by adding grades.”
Market2Mill, launched in April 2011, has undergone several expansions. While the initial reports covered double-linked kraft cuttings (DLK) and old corrugated containers (OCC), Forest2Market says it quickly accumulated enough data to split OCC prices into two categories: those traded under contract and those traded on the open market.
“With the inclusion of SOP prices in our price report and benchmarks, document destruction companies will—for the first time—have the tools they need to compare their performance to, and improve their performance against, the market,” Hearn says. “And export markets have been drawing high volumes of fiber away from the U.S. domestic supply. The strength of demand coming out of Asia in particular has created a price differential between export and domestic markets. By adding export prices to our reports, Market2Mill subscribers will have a global picture of the market.”
Market2Mill says it is the only product on the market that reports volume-weighted average prices derived from actual transactions submitted by subscribers, who use the service to accurately assess their performance against the market and develop forward-looking pricing strategies.
Click here to view a video of Recycling Today Media Group Editor Kristin Smith interviewing Pete Stewart of Forest2Market at the 2012 Paper Recycling Conference on the methodology behind the company's Market2Mill product.