Downtime and production cutbacks continue with Q1 downtime estimated at 1,500,000 tons. There is a great deal of excess capacity globally. With a flattened global cost curve and low freight rates, lower prices could spread rapidly.
List prices of both 42-lb linerboard and medium fell $15/ton in March. Reports suggest discounts to list prices have now spread to major integrated suppliers. Note - February's box ship's fell 10.5% February 2008
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