Uncoated Groundwood Demand Down
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U.S. uncoated groundwood demand also is weak, Wilde continues, noting that, as per AF&PA, July shipments were down 10.8% y/y (YTD -8.8% y/y). Inventories are rising: +3.2% m/m. August estimated prices for directory papers were flat at $790- $810/ton, +8.1% y/y. In July, estimated prices rose ˜$70/ton. August 35-lb offset estimated prices were also flat at $680 - $720/ton, +6.1% y/y. Supercalendered prices increased by ˜$5/ton.
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