Kraft Paper Producers Implement Increase
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U.S. producers implemented the $50/ton extensible sack kraft increase in July (estimated level = $1,140-$1,160/ton), Mark Wilde of Deutsche Bank reports. The key drivers were tight supplies, pick-up in export demand, and strong order backlogs. Domestic demand remains sluggish (H1 sack shipments -5% y/y). Natural multiwall estimated prices were flat at $985-$995/ton in July.
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