Many industry experts forecasted prices to drop in June.... and they are! Cut-size paper (business papers used in copiers) slipped $20/ton, and offset rolls (for publications) declined $10/ton -this is an addition to the $20/ton
Decline in May. Even value added grades are
getting squeezed with 50lb opaque selling $50/ton less than April
levels. Some mills, like International Paper are doing their part to try to support the market by
closing 3 machines in recent months with 430,000 tpy of capacity. IP
is also taking 120,000 tons of market downtime over the next 3 months.
In global markets, the uncoated prices in both Europe and Latin America are 'all over', but
labor issues in Finland could take some of the pressure off of prices (curtailed supply).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment