Paper Market Update
The ITC has removed the U.S. duties on Canadian imports of uncoated groundwood. Paper markets are in the midstof an upward price cycle. For the first time in many years, all paper markets are considerably tight and price increases are being implemented with relative ease in 2018. This is similar to the last big price rally of 2007-2008.
The DOC revised the U.S. duties on Canadian imports of uncoated groundwood. White Birch is restarting their Ashland, VA newsprint mill. Price increases have been announced for September on all coated grades and uncoated freesheet offset, reply card, and opaque grades. Some coated producers have announced order moratoriums.
Paper markets remain very tight with almost no exceptions, and this will only intensify as we near the busy fall printing season. Nine Dragon’s acquisition of Catalyst’s Rumford ME and Biron WI mills has been finalized. July brings with it price increases for newsprint, uncoated groundwood MF and SC, directory, and coated grades. In early August, we should see the U.S. DOC final determination for the tariffs imposed upon Canadian newsprint and uncoated groundwood producers.