Paper Market Shipments

Notes from Deutsche Bank - Equity Research
Coated paper volumes fell more than forecasted. Coated Mechanical (LWC- Magazine Papers) fell 21.7% in October vs. October 2007 (-6.9% YTD). Coated Freesheet demand is somewhat better, but still fell 16.3% in October vs. October 2007 (-9.4% YTD). Weak demand for catalogues and magazines hurt the coated markets.

Uncoated shipments were off as well. Shipments of Uncoated Free Sheet fell 10.5% in October vs. October 2007 (6.1% YTD). Even Uncoated mechanical was weak, with shipments falling 3.1% in October vs. October 2007 (+10.6% YTD). This marks the first decline in over a year.