Thursday, May 28, 2009
Boise adjusts Newsprint Pricing Down
Boise shocked the market with their announcement to reduce pricing for newsprint. In an effort to stimulate demand with mill operating rates currently below 70% (actually closer to 60%) Boise is selling 30lb standard news for $430/MT ($460/MT for 27.7lbs). This represents a drop of $150 for June East Coast deliveries. The world’s largest producer of Newsprint, AbitibiBowater, immediately matched this price. RISI just forecasted that another million tons of capacity would be curtailed in next quarter.
Subscribe to:
Post Comments (Atom)
1 comment:
Last week I purchased a fairly large lot of newsprint, I thought at a good price, until I saw this.
Post a Comment