Despite modest demand, for uncoated freesheet in USA, the $60/ton price hike initiative on offset grades is almost fully implemented, as November's $10/ton rise takes prices up $50/ton over the last two months. Trade book prices are up $80/ton in the last two months. October uncoated freesheet shipments dropped 2.4% from last year. Our trade sources suggest that the domestic pricing momentum in spot pricing on uncoated free sheet grades has moderated a somewhat in recent weeks. As noted in past news releases, supply reductions are keeping the
market in reasonable balance. Wausau Paper announced plans to shutter its
105K Groveton, NH mill on December 31st and International Paper will remove 250K/tons
at Bastrop, LA in 2008. Domtar continues to hint at more supply moves.
At the same time, reports suggest some strengthening in European prices.
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