Deutsche Bank reported stabilized pricing and recovering volume trends
prices have dropped $70-80/ton off last autumn's cyclical peak. However, prices were reported stable in June and appear stable again in July. Moreover, most industry players remain reasonably profitable at current price levels, despite a sharp drop in volumes. Industry consolidation, a proactive approach in managing supply & avoiding inventory overhang, and a weak US Dollar have all played a role in this performance. Additionally, domestic and export volume trends are recovering. June box numbers represented a first real sign of domestic volumes starting to improve.
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