The last 60 days have been nothing short of a disaster. Poorest demand for the pulp and paper industry in ages. Mark Wilde of Deutsche Bank predicted 4-5millions additional tons of paper capacity in North America will be out of system before 2009 draws to an end. Recall, he also forecasted that 3-4million tons of pulp, on a worldwide basis, will be shuttered by end of 2009 as well.
Estimated market demand for shipments so far through October YTD for 2008
Newsprint down 20.7%
Coated down 5.3%
-Note in October alone coated free down 16.3%; coated Groundwood down 20.7%
Uncoated Free down 6.3%
-Note in October alone, this segment down 10.5%
Containerboard down 3.3%
-October down 8.6%
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