Paper Prices keep Falling

Perhaps a slight sigh of relief if you are an end user is cheaper paper prices. After six months of witnessing a price increase every quarter – decreases were paid for the last several months and forecasted to continue. We predict at least $2.50/cwt – or $50/ton further price erosion across the board for second quarter 2009. Most end users have lean inventories and mill backlogs are quoted in terms of days – not weeks. All this despite over 2million tons taken out of the market between 2007 and 08