International Paper is First to increase Price for Uncoated White

International Paper just announced a price increase of $60.00/ton ($3.00/cwt) for uncoated white paper (offset). Given the cost pressures from higher energy, freight, and chemical costs - we believe most of the other producers will follow this announcement - inspite of weak demand. Note, Paper.com has reported manufactures have announced almost 11million tons of curtailments - from International Paper, Weyerhaeuser and, most recently, Domtar. This should assist but expect more consolidations in this segment. Paper.com has over 15,000 items on site and ready for immediate shipment.