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Recent Forestweb Headlines
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PPPC: No letup in North American newsprint consumption decline; publisher inventories continue to drop, mill inventories still gaining More reports of strengthening pulp prices in certain global markets as customers start replenishing low inventories March world pulp shipments down 4.2% year-over-year but shipment-to-capacity rate rises to 92% and days of supply falls by three – PPPC
May 4 Additional pulp producers planning May price increases in Asia and Europe, as China drives market momentum UBS: U.S. alternative fuel tax credit still stands, locking in months of benefits for early adopters; credit could last through 2009 FOEX: Printing paper prices in Europe down; newsprint in U.S. also declines
May 11 FOEX: NBSK pulp prices gain in Europe but fall in U.S.; BHKP up in Europe and China Paper industry slumping because of numerous causes; its decline creating widespread ripple effects Metsä Botnia pulp mill in Fray Bentos, Uruguay, running at full capacity of 1 million tonnes/year and selling all the product, says company official
May 18 U.S. box shipments fall 12.9% year-to-year in April; expected volume pickup disappears Obama seeks to halt alternative fuel tax credit for U.S. paper industry by Oct. 1; Treasury says payments, credits to cost US$4B/year FOEX: Printing paper prices mostly up in Europe; newsprint in U.S. plummet
May 25 Ambassadors from European Union, Canada, Brazil and Chile urge U.S. Congress to immediately close black liquor tax loophole Several softwood and hardwood pulp producers raising prices for new shipments or June 1 as supplies tighten, for now, and U.S. dollar weakens Stora Enso plans to build new pulp mill in Uruguay, with capacity of at least 1 million tonnes/year and cost of at least US$1.36B; no immediate decision on location Scientists in Northern Ireland and Alabama discover eco-friendly way of dissolving wood that may help its transformation into biofuels, paper and textiles Newsbeat is available by subscription from Forestweb. See |
About CPBIS: The Center for Paper Business and Industry Studies (CPBIS) is an internationally recognized academic research center providing business knowledge of relevance to the global forest products industry. The CPBIS is cosponsored by the Alfred P. Sloan Foundation, the Georgia Institute of Technulogy (Georgia Tech), and the Paper Industry.
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