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Industrial packaging stocks gained today on reports Georgia-Pacific plans to raise its price for...
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Thursday, February 21, 4:57 PM ETIndustrial packaging stocks gained today on reports Georgia-Pacific plans to raise its price for containerboard by $50/ton this spring, which likely would be followed by price hikes from peers. Industry consolidation and tightening inventories have given producers more pricing power going into spring and summer when demand for shipping cartons usually increases. IP +3.1%, RKT +4.5%, PKG +4.1%, KS +1.7%.
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