Coated paper used for magazines and publications remains among the most competitive paper grades.
September prices were adjusted down $10/ton and October prices fell another $10/ton to $825/ton. Demand is down 2.5% YTD and the restart of UPM's Mirimichi mill has boosted supply. Experts are hopeful that capacity closures in Europe - including a just-announced 230K Myllykoski shutdowwn - will begin to help the market. The biggest move to date is the decision by UPM to close 17% of its W. European LWC capacity.
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