Uncoated Free Sheet Market

Shipments for June were down slightly- 0.8% . Virtually all trade sources reported that pricing is relatively healthy. Approximately $40/ton of the proposed $60/ton mid-June price hike on cut-size business paper has gone through, with $15-20/ton of the late June offset increase showing in July. Note, a number of major producers and importers have hinted of yet another hike attempt in September. The key issue will be demand.