• Notes from Deutsche Bank
Watch this space - - - the presence of large private owners appears to be changing behavior. Earlier this month in announcing market downtime, NewPage pointed to rising inventories as well as slower demand from advertisers. We have reason to believe that other players may be quietly taking downtime as well. It also makes a current pricing initiative interesting to watch since demand is slowing, but costs are surging. A host of players, domestic and offshore, have announced coated paper increases over the past
several weeks. In the US, Verso announced a series of $50/ton price increases for June 1 on light-weight coated (LWC) and other coated grades. AbitibiBowater and others have also announced hikes.
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