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In the P&W Papers sector, uncoated freesheet and coated mechanical papers appear to be stabilizing, Fitch reports. Although y/y comparisons of monthly and YTD shipment data are still in negative territory, the pace of decline has reversed. More ambiguous are trends in coated freesheet and uncoated mechanical papers, the product of lower advertising budgets, choices where those dollars are being spent, and declining newspaper circulations, Fitch adds. Trends favor higher volumes in 2010 for uncoated freesheet and coated mechanical papers, whereas coated freesheet and uncoated mechanical papers could face another hardship year.
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