Paper Trader
January
09
Paper Trader A Monthly Monitor of the North American Graphic Paper Market • US printing and writing paper demand plunged 18% in the final quarter of 2008, the worst decline on record except for one similar quarter in early 1975. However, unlike 1975, demand will not recover, but will stay on a downward trend. After falling 9% in 2008, we are predicting another 5% drop in 2009. • Newsprint is even worse with so many papers facing cuts in circulation, advertising and web widths, while others are cutting frequency of delivery and merging competing editions. Newsprint demand will fall 13% in 2009, similar to the decline posted for 2008. • Pricing is coming down, but it is not collapsing as producers are remaining firm and shutting capacity to prevent a repeat of the slide in prices and profitability that endured for so long following the 2001 recession. Coated mechanical prices have dropped the most among the graphic paper grades so far, with prices $80-100 off of the late 2008 peaks. Uncoated freesheet is holding up better than most other grades with very little price erosion registered over the past few months. Newsprint started to see some more significant reductions in January with averages down about $15, although declines of $30 or more were seen depending upon where the price was for the particular buyer. There was quite a range of prices among buyers at the end of 2008.
Coated Papers • Another month of horrendous demand in December has set the stage for an extremely weak start to 2009 • The enticement of much lower prices did not generate the hoped-for resurgence of orders in January • First quarter 2009 will post a bleak 16% drop in demand followed by a 10% decline in the second quarter • Demand will improve in the second half of 2009 due to inventory, economic recovery and the benefit of dismal year-ago comparisons • Prices are dropping hard in the first quarter of 2009, but downtime will temper the rate of further decline in the second quarter, followed by some stabilization and maybe even a slight recovery by the end of 2009 Coated paper demand hemorrhaged in December, dropping 28% below year-ago levels. Based on the various end-use indicators, we estimate that true consumption was down about 1215%, so part of the decline was clearly due to inventory. In fact, some of the people responding to the price survey had not placed an order for the past 30 days and did not have a price to report because they were using existing inventory. To subscribe or contact client service, visit www.risiinfo.com
Paper Trader - January 2009
Figure 1 US Monthly Inventory of Ctd. Mechanical Papers 000 Short Tons, Seasonally Adjusted Latest Data: December 2008 1000 900 800 700 600
Mill
500 400 300
Printer
200 100 0
20 08
20 07
20 06
20 05
20 04
20 03
20 02
20 01
Data Sources: PPPC, IDEAlliance, seasonally adjusted by RISI
Coated mechanical inventory is dropping (Figure 1), but given the new lower level of true consumption, inventories are still too high and will need to be cut another 200,000 tons or more over the next few months. Thus, demand will stay weak until the summer quarter. At that time, demand will come back to coincide with the actual levels of consumption, but the actual level of consumption is now far below where it was 6 months ago. We show coated paper demand dropping 16% in the first quarter of 2009 and 10% in the second quarter. The second half of 2009 will look much better from a demand perspective. The economy will eke back into positive growth territory, although GDP will be anemic. The inventory correction will have ended, and the year-ago comparisons will be boosted by an extremely weak year-end 2008 comparison. Year-over-year demand will actually show a 6% gain in the forth quarter of 2009, but there will be a big asterisk to note that this is in comparison to a 24% drop that was posted in the fourth quarter of 2008. Prices are dropping hard in the first quarter of 2009. New program tonnage is being signed at $20-21 off of list prices. The average net selling prices is not yet at this level, but it is certainly headed in that direction. The average net selling price will shortly come down to the level where new business is being contracted today. We estimate that average prices have now dropped $85-100 from their peak levels attained in late 2008. We expected this level of decline, but it appears to be happening more quickly than predicted, so we have reduced our price projections for 2009 by $20-30 per ton compared to last month. Producers will continue to act quickly to stem the extent of further price drops by taking downtime and possibly even announcing additional permanent closures over the next few months. We expect prices to ease down further in the second quarter of 2009, then stabilize in the third quarter. There is the possibility that producers might even try to recover some of the price drop by announcing a price increase in the fourth quarter of 2009, but that depends heavily on where demand settles out once this inventory correction is completed and how far prices drop between now and then. 2
RISI
Paper Trader - January 2009
Figure 2 Coated Mechanical Paper Prices vs. Operating Rates Real Prices ($2008)
Shipments/Capacity
1,400
1.06
1,350
1.03
1,300
1.00
1,250
0.97
1,200
0.94
1,150
0.91
1,100
0.88
1,050
0.85
1,000
0.82
950
Coated No. 5 Price ($2008)
0.79
900
Operating Rate (lagged 4 months)
0.76
850
0.73
800
0.70 J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J M 04 05 06 07 08 09
Uncoated Freesheet • Uncoated freesheet demand closed out 2008 with a nasty 14% drop in demand in the final quarter of the year, bring the total year down to a decline of 8.1% • Accelerating job losses in the financial sector pose a major risk to the demand outlook, and we reduced our forecast for 2009 to show another 5.5% decline • Some of the major suppliers are holding firm on prices and taking downtime to limit the extent of price erosion • Offshore suppliers have dropped their uncoated freesheet prices into the US market due to the weaker euro and are looking to expand sales on this continent in 2009 US uncoated freesheet demand had already been on a downward trend since 1999, but the drop at the end of 2008 was the worst on record. Demand plunged 14% in the final quarter of the year and brought the final tally for the year down to a decline of 8.1%. Operating rates, which had been running in the mid-90s for most of the year, fell to the mid-80s at the end of 2008 while many suppliers took extensive marketrelated downtime. The accelerating job losses in the financial sector pose a major downward risk to the forecast in 2009. Never have we had so many job losses over such a short period of time, and these layoffs are concentrated in industries that typically use a lot of business papers. Thus, we reduced our forecast further in 2009 and now show a 5.5% decline, and we still think that the risk to 2009 lies on the downside for demand. Most of the major producers have held the line on pricing despite the weak demand levels, hoping to prevent a return to the sharp losses that were so prevalent for such a long period of time after the 2001 recession. Prices trended down for a full three years after the 2001 recession and did not begin an earnest recovery until mid-2004 when permanent capacity closures finally shored up the market. Thus, the price survey showed another month of very modest price erosion in January. RISI
3
Paper Trader - January 2009
Figure 3 Uncoated Freesheet Paper Prices vs. Operating Rates Real Prices ($2008)
Shipments/Capacity 1.00
1,150 Offset Roll Real Price ($2008) Operating Rate (lagged 4 months)
1,050
0.96
950
0.92
850
0.88
750
0.84
0.80
650 J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J M 04 05 06 07 08 09
There is some heavy discounting in the offset roll market, led by coated paper producers who are lifting coaters and trying to generate some cash flow from unneeded coated paper capacity. However, this tonnage is very tiny and has really not brought down the average net selling price by nearly as much as the anecdotal evidence would indicate. Probably more important is a downward move in imported paper prices from Europe, Brazil and Asia. The weakening euro has led to US prices now sitting quite a bit above prices in Europe, particularly in the UK.
Figure 4 US Offshore Imports of Uncoated Freesheet Tons per Month 75,000 70,000 65,000 60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0
Asia Latin America Europe & Other
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
4
RISI
Paper Trader - January 2009
Figure 5 US Offshore Imports of Coated Freesheet Tons per Month 150,000 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0
Asia Latin America Europe
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
Figure 6 US Offshore Imports of Coated Mechanical Tons per Month 130,000 120,000 110,000 100,000
Asia Latin America Europe
90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
RISI
5
Paper Trader - January 2009
Figure 7 US Apparent Consumption of Uncoated Freesheet Paper Seasonally Adjusted, Annual Rate 14.5 14.0 13.5 13.0 12.5 12.0 11.5 11.0 10.5 10.0 9.5 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
At the same time, 500,000 tonnes of new capacity is scheduled to come on line soon in Portugal, so there is ample desire for European suppliers to find an outlet for excess supply and they are looking to the US market for relief. Many offshore producers cut their list prices by $40 a ton in order to generate some additional sales in the declining US market. So far this has not caused a collapse in US pricing, but it will surely lead to some downward trend in US prices for the next few months as suppliers battle for a shrinking pot of orders. We are anticipating further capacity closures in the coming months as producers try to shore up the slippage in both the European and North American markets. However, most of the fat has already been trimmed, and further cuts to capacity in North America will increasingly slice into healthy operations and will thus become increasingly difficult.
Uncoated Mechanical • The demand for uncoated mechanical papers plunged 21% at the end of 2008 • Demand will also drop in 2009, but much less so than other grades of paper • Prices actually increased in January for some grades of uncoated mechanical paper as new contracts were implemented with some of the increases that were already in place for other buyers in 2008 Uncoated mechanical demand was not immune from the year-end collapse in the market. Demand plunged 21% in the final few months of the year, and resulted in a net 3% drop in demand for the year as a whole for a market that had been posting growth all year up until the last few months. Inventory correction was a major factor as retailers and printers prepared for a very somber outlook for 2009.
6
RISI
Paper Trader - January 2009
Figure 8 US Apparent Consumption of Coated and Uncoated Mechanical Paper Seasonally Adjusted, Annual Rate 7.1
Million Tons
6.6
6.1
5.6
5.1 Coated Freesheet Coated Mechanical Uncoated Mechanical
4.6
4.1 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
Figure 9 Producer Inventories of Printing and Writing Papers 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 0
Days of Supply Uncoated Freesheet Coated Mechanical Coated Freesheet Uncoated Mechanical
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
RISI
7
Paper Trader - January 2009
Uncoated mechanical demand is likely to decline another 3% in 2009, but this will be quite a bit better than most other grades of paper. The directory market has stabilized after a year that saw demand drop 10% due to page count reductions. SC demand is holding up well as buyers look for cheaper grades of paper. Most SC mills are operating fairly close to capacity except for one large mill that is indefinitely idle. There have even been some reports of coated paper producers making SC-B on coated mechanical paper machines. Prices for directory paper bumped up by about 6- 7% in January as many of the large RBOC contracts that prevented any price increase in 2008 were implemented with new higher prices for 2009. These price increases were already in place for the spot market in 2008. Spot prices have actually weakened recently, and dropped slightly below contract prices in early 2009.
Newsprint Total US consumption of newsprint ended 2008 with an unprecedented 19.5% year-over-year plunge in December, posting the worst single-month decline we have on record and retreating to levels not seen since the 1960s. The drop in newsprint consumption by US dailies was even more severe as levels plummeted 23.5% in the final month of 2008 with the decline amplified by one less Sunday compared to December 2007. For 2008 as a whole, total US consumption was down 13.8%, which translates into a loss of 1.1 million tonnes. One surprising number coming out of the December data was the rise in consumer inventories, particularly given the sharp drop in consumption and the prospects for further erosion in newsprint prices. US consumer inventories advanced 23,000 tonnes in December compared to the previous month and were 54,000 tonnes higher than year-ago levels. Although consumer inventory purchasing combined with a strong 28.3% surge in offshore shipments allowed North American producers to trim 42,000 tonnes from their inventories in December, fully stocked consumer warehouses could prove troublesome for producers in the coming months as they continue their efforts to balance supply with the relentless decline in demand.
Figure 10 US Consumption of Newsprint Seasonally Adjusted, Annual Rate
10.2
Million Tonnes
9.8 9.4 9.0 8.6 8.2 7.8 7.4 7.0 6.6 6.2 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
8
RISI
Paper Trader - January 2009
Figure 11 Combined Newsprint Inventory of North American Mills and Consumers Days of Supply (Seasonally Adjusted) 48 46 44 42 40 38 36 34 32 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
The continued evaporation of domestic demand combined with the threat of a consumer inventory correction obviously has North American newsprint producers nervous, and the list of production curtailments seems to grow longer on a weekly basis. The latest include Catalyst's plan to cut production through downtime by 55,000 tonnes in the first quarter of 2009. All major producers have announced significant supply reductions in 2009 with many stipulating the withdrawal of capacity will continue until market conditions improve, indicating their determination to maintain market balance and prevent a precipitous drop in newsprint prices. Despite producers' diligent supply management, US newsprint prices will remain under pressure throughout the year as production costs retreat while producers battle for a share of an increasingly smaller market. Not surprisingly, the erosion in prices that began in December has continued with the start of 2009. The RISI average US East Coast price index for 48.8-gram newsprint dropped $13 to $750 per tonne, while the West Coast average declined $17 to $718 in January. US newsprint prices will continue to track lower throughout 2009, but we remain convinced that producers will fiercely defend profit margins by removing sufficient supply to prevent prices from plummeting back to cash-costs levels. We expect to see the RISI average US East Coast price index for 48.8-gram newsprint settle at $696 per tonne at the end of 2009.
© Paper Trader provides economic analysis of printing and writing paper markets and is edited by John Maine and Kevin Conley. Subscriptions: Call 781.734.8934 (USA & Canada) or +32.2.536.0747 (outside the USA & Canada), email [email protected] or visit www.risiinfo.com. Client Service: Call 781.734.8918 (USA & Canada) or +32.2.536.0748 (outside the USA & Canada), or email [email protected]. Editorial offices: 4 Alfred Circle, Bedford, MA 01730-2340 USA. Copyright 2009 by RISI. All rights reserved. No part of this publication may be reproduced without the written permission of the copyright owner. DISCLAIMER OF WARRANTY Although RISI, Inc. shall use its best efforts to provide accurate and reliable information, RISI, Inc. does not warrant the accuracy thereof. RISI, Inc. MAKES NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ITS SERVICES AND MAKES NO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. RISI, Inc. SUPPLIES ALL SERVICES ON AN “AS IS” BASIS. If notified of an error in its Services, RISI, Inc. shall take reasonable steps to correct such an error.
RISI
9
Paper Trader - January 2009
Table 1 US Printing and Writing Paper Demand Indicators Indices Commercial Printing & Support (2002=1)
Magazine Ad Pages (1982=1) NSADJ.
%CHYA
SADJ.
%CH
Index
%CHYA
Periodical, Book & Other Publishers (2002=1) Index
%CHYA
2006:1
0.993
-0.3%
0.968
-6.0%
2006:2
0.990
0.3%
0.954
-5.1%
2006:3
0.992
0.8%
0.958
-4.0%
2006:4
1.005
2.0%
0.975
-1.7%
2006:5
0.992
0.0%
0.958
-4.9%
2006:6
1.04
0.5%
0.952
-4.3%
0.991
-0.8%
0.942
-4.0%
2006:8
0.987
-0.4%
0.932
-5.4%
0.989
-0.9%
0.932
-5.3%
0.999
1.0%
0.956
-3.8%
2.3%
1.23
-2.1%
0.993
1.18
-0.8%
1.22
2006:7 2006:9
1.29
0.6%
1.24
1.2%
1.1%
2006:10 2006:11
Catalogs Mailed Millions %CHYA
4,842
2.0%
4,898
2.2%
4,873
0.2%
0.997
1.1%
0.947
-3.0%
2006:12
1.39
-2.0%
1.21
-2.5%
1.016
3.7%
0.941
-3.0%
4,933
4.5%
Total Yr. 2006 YTD 2006
1.23
-0.1%
1.23
-0.1%
0.995
0.6%
0.951
-4.2%
19,546
2.2%
1.23
-0.1%
1.23
-0.1%
0.995
0.6%
0.951
-4.2%
14,613
1.5%
1.012
1.9%
0.949
-1.9% 4,871
0.6%
4,830
-1.4%
4,789
-1.7%
2007:1 2007:2 2007:3
1.06
1.3%
1.24
1.8%
2007:4 2007:5
1.015
2.5%
0.969
1.6%
1.013
2.1%
0.978
2.1%
1.008
0.3%
0.981
0.6%
0.995
0.3%
0.980
2.3%
0.987
-0.6%
0.990
4.0%
2007:7
0.984
-0.7%
0.992
5.3%
2007:8
0.991
0.5%
0.987
5.9%
2007:6
2007:9
1.27
1.15
-1.6%
-2.1%
1.21
1.21
-1.8%
0.996
0.7%
0.991
6.2%
2007:10
0.0%
0.989
-1.0%
0.975
2.0%
2007:11
0.994
-0.3%
0.967
2.1%
2007:12
1.40
0.1%
1.21
0.0%
0.990
-2.6%
0.972
3.3%
4,771
-3.3%
Total Yr. 2007 YTD 2007
1.22
-0.6%
1.22
-0.6%
0.998
0.3%
0.978
2.8%
19,261
-1.5%
1.22
-0.6%
1.22
-0.6%
0.998
0.3%
0.978
2.8%
14,490
-0.8%
2008:1
0.984
-2.8%
0.979
3.2%
2008:2
0.973
-4.2%
0.984
1.5%
0.984
-2.8%
0.990
1.2%
4,696
-3.6%
0.974
-3.4%
0.961
-2.0% 4,540
-6.0%
4,465
-6.8%
2008:3
0.99
-6.4%
1.15
-5.0%
2008:4 2008:5 2008:6
1.16
-9.0%
1.10
-4.5%
2008:7 2008:8 2008:9
1.00
-12.9%
1.05
-4.6%
2008:10 2008:11 2008:12
YTD 2008 % Ch. From 2007
1.16
-17.1%
1.00
-4.6%
0.970
-2.5%
0.962
-1.8%
0.942
-4.6%
0.973
-1.7%
0.926
-5.9%
0.957
-3.5%
0.940
-5.1%
0.955
-3.2%
0.932
-6.4%
0.954
-3.7%
0.929
-6.1%
0.959
-1.7%
0.919
-7.6%
0.956
-1.1%
0.893
-9.8%
0.934
-3.9%
1.08
1.08
0.947
0.964
13,701
-11.7%
-11.7%
-5.1%
-1.4%
-5.4%
Catalog data are RISI estimates based on mail volume statistics and are reported quarterly at quarterly rates, seasonally adjusted. Magazine ad page index created by RISI from PIB data.
10
RISI
Paper Trader - January 2009
Table 2 US Coated Freesheet Demand, Supply, and Availability Thousand Tons Apparent Shipments
Consumption
NSADJ.
%CHYA
SADJ.
%CH
Imports
2006:1
411.7
14.1%
413.8
6.2%
137.6
2006:2
372.8
2.6%
402.3
-2.8%
2006:3
436.5
4.2%
419.0
4.2%
2006:4
369.0
9.1%
398.9
2006:5
402.3
20.1%
2006:6
425.8
2006:7
397.3
2006:8
457.8
Exports
Shipments/
SADJ.
Capacity
Capacity
45.2
506.2
442.7
93%
121.9
42.3
481.9
442.7
91%
157.0
53.4
522.6
442.7
95%
-4.8%
158.9
40.4
517.4
442.3
90%
422.5
5.9%
153.8
43.5
532.8
442.3
96%
7.3%
414.8
-1.8%
153.6
44.5
523.9
442.3
94%
2.3%
402.3
-3.0%
140.8
46.6
496.5
442.3
91%
4.4%
421.3
4.7%
142.5
52.0
511.8
442.3
95%
2006:9
447.7
3.8%
418.2
-0.7%
135.7
48.9
505.0
442.3
95%
2006:10
444.8
6.8%
412.7
-1.3%
128.3
50.6
490.4
441.3
94%
2006:11
386.5
7.7%
416.7
1.0%
133.0
46.5
503.2
441.3
94%
2006:12
415.5
9.5%
425.5
2.1%
123.6
44.5
504.6
441.3
96%
4,967.7
7.4%
4,968.0
7.4%
1,686.7
558.4
6,096.3
5,305.8
94%
4,967.7
7.4%
4,968.0
7.4%
1,686.7
558.4
6,096.3
5,305.8
94%
2007:1
418.1
1.6%
421.0
-1.1%
117.4
52.1
486.3
438.3
96%
2007:2
389.0
4.3%
419.6
-0.3%
111.4
46.1
484.9
438.3
96%
2007:3
428.3
-1.9%
409.3
-2.5%
102.4
61.5
450.2
438.3
93%
2007:4
388.7
5.3%
420.3
2.7%
100.3
55.6
465.0
435.0
97%
2007:5
387.0
-3.8%
406.8
-3.2%
110.1
55.8
461.1
435.0
94%
2007:6
424.7
-0.3%
413.2
1.6%
94.2
48.6
458.8
435.0
95%
2007:7
406.8
2.4%
414.5
0.3%
95.4
57.6
452.3
420.0
99%
2007:8
441.7
-3.5%
406.5
-1.9%
100.6
57.6
449.5
420.0
97%
2007:9
433.5
-3.2%
405.5
-0.2%
92.9
53.5
444.9
420.0
97%
2007:10
471.4
6.0%
433.2
6.8%
98.0
59.7
471.5
417.0
104%
2007:11
400.2
3.5%
430.3
-0.7%
94.7
56.6
468.4
417.0
103%
2007:12
407.4
-1.9%
416.4
-3.2%
86.7
44.3
458.8
417.0
100%
4,996.8
0.6%
4,996.6
0.6%
1,204.1
649.0
5,551.7
5,130.9
97%
4,996.8
0.6%
4,996.6
0.6%
1,204.1
649.0
5,551.7
5,130.9
97%
2008:1
387.4
-7.3%
390.3
-6.3%
87.1
60.3
417.1
416.3
94%
2008:2
365.9
-5.9%
395.1
1.2%
74.4
56.1
413.4
416.3
95%
2008:3
418.9
-2.2%
399.6
1.1%
79.2
61.0
417.8
416.3
96%
2008:4
373.6
-3.9%
404.6
1.3%
78.2
60.2
422.6
413.7
98%
2008:5
366.5
-5.3%
385.8
-4.6%
76.1
51.5
410.4
413.7
93%
2008:6
395.2
-6.9%
384.7
-0.3%
75.8
45.6
414.9
413.7
93%
2008:7
373.7
-8.1%
382.0
-0.7%
75.1
61.0
396.1
409.0
93%
2008:8
384.8
-12.9%
354.4
-7.2%
72.0
61.9
364.4
409.0
87%
2008:9
418.7
-3.4%
392.3
10.7%
71.6
65.1
398.8
409.0
96%
2008:10
398.8
-15.4%
364.3
-7.1%
78.4
59.4
383.3
398.7
91%
2008:11
322.2
-19.5%
346.1
-5.0%
90.3
55.9
380.5
398.7
87%
2008:12
306.0
-24.9%
312.5
-9.7%
84.3 e
57.6 e
339.2
398.7
78%
12 Months 2008 % Ch. From 2007
4,511.7
4,758.6
4,913.1
92%
-14.3%
-4.2%
Total Year 2006 12 Months 2006
Total Year 2007 12 Months 2007
-9.7%
4,511.7 -9.7%
942.5 -21.7%
695.6 7.2%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI.
RISI
11
Paper Trader - January 2009
Table 3 US Coated Mechanical Demand, Supply and Availability Thousand Tons Apparent Shipments NSADJ.
%CHYA
SADJ.
Consumption %CH
Imports
Exports
SADJ.
Shipments/ Capacity
Capacity
2006:1
386.5
0.0%
390.6
1.6%
144.6
24.0
511.2
393.0
99%
2006:2
341.3
-4.4%
372.7
-4.6%
122.6
23.7
471.6
393.0
95%
2006:3
389.7
0.3%
385.9
3.5%
133.1
28.5
490.5
393.0
98%
2006:4
333.6
-3.7%
373.4
-3.2%
129.8
27.6
475.6
394.7
95%
2006:5
360.0
-4.6%
377.8
1.2%
140.3
29.1
489.0
394.7
96%
2006:6
382.8
-8.0%
372.2
-1.5%
149.3
22.8
498.7
394.7
94%
2006:7
359.5
-9.0%
364.0
-2.2%
155.8
24.0
495.8
389.3
93%
2006:8
407.9
-9.8%
375.6
3.2%
186.5
30.0
532.1
389.3
96%
2006:9
392.5
0.1%
374.7
-0.2%
165.3
30.9
509.1
389.3
96%
2006:10
417.1
-0.2%
381.5
1.8%
180.8
34.5
527.8
390.3
98%
2006:11
374.4
-4.9%
375.2
-1.7%
153.0
33.5
494.7
390.3
96%
2006:12
372.1
-2.4%
373.8
-0.4%
149.4
23.6
499.6
390.3
96%
4,517.4
-4.0%
4,517.4
-4.0%
1,810.5
332.2
5,995.7
4,702.0
96%
4,517.4
-4.0%
4,517.4
-4.0%
1,810.5
332.2
5,995.7
4,702.0
96%
2007:1
355.9
-7.9%
359.8
-3.7%
130.1
28.9
461.0
396.7
91%
2007:2
340.1
-0.4%
372.5
3.5%
149.9
33.5
488.9
396.7
94%
2007:3
373.8
-4.1%
368.3
-1.1%
157.5
39.9
485.9
396.7
93%
2007:4
331.5
-0.6%
373.6
1.4%
154.1
33.5
494.2
398.3
94%
2007:5
361.6
0.4%
380.5
1.8%
153.8
37.0
497.3
398.3
96%
2007:6
389.8
1.8%
380.3
-0.1%
151.2
36.2
495.3
398.3
95%
2007:7
415.4
15.5%
423.2
11.3%
193.8
36.7
580.3
396.7
107%
2007:8
437.4
7.2%
403.4
-4.7%
211.6
36.5
578.5
396.7
102%
Total Year 2006 12 Months 2006
2007:9
410.6
4.6%
394.1
-2.3%
185.1
35.7
543.5
396.7
99%
2007:10
436.7
4.7%
395.6
0.4%
173.7
39.2
530.1
401.7
98%
2007:11
397.6
6.2%
397.5
0.5%
126.2
39.8
483.9
401.7
99%
2007:12
413.0
11.0%
414.5
4.3%
138.3
30.9
521.9
401.7
103%
4,663.4
3.2%
4,663.3
3.2%
1,925.3
427.8
6,160.8
4,780.2
98%
4,663.4
3.2%
4,663.3
3.2%
1,925.3
427.8
6,160.8
4,780.2
98%
2008:1
403.1
13.3%
406.5
-1.9%
125.8
33.2
499.2
404.7
100%
2008:2
367.8
8.1%
402.3
-1.0%
117.1
32.4
487.0
404.7
99%
2008:3
409.8
9.6%
400.2
-0.5%
142.4
31.7
511.0
404.7
99%
2008:4
369.5
11.5%
415.9
3.9%
129.9
30.7
515.1
404.3
103%
2008:5
331.3
-8.4%
346.5
-16.7%
126.3
33.1
439.7
404.3
86%
2008:6
339.3
-13.0%
330.0
-4.8%
115.6
27.7
417.9
404.3
82%
2008:7
335.9
-19.1%
340.7
3.2%
132.6
35.2
438.2
384.3
89%
2008:8
345.6
-21.0%
316.5
-7.1%
115.9
31.1
401.3
384.3
82%
2008:9
371.5
-9.5%
354.7
12.1%
121.0
35.2
440.5
384.3
92%
2008:10
352.0
-19.4%
315.1
-11.2%
132.2
33.0
414.3
363.7
87%
2008:11
261.5
-34.2%
259.7
-17.6%
113.0
29.8
342.9
363.7
71%
2008:12
277.9
-32.7%
277.2
6.7%
122.6 e
31.4 e
368.4
363.7
76%
12 Months 2008 % Ch. From 2007
4,165.2
384.3
5,275.5
4,671.0
89%
-10.2%
-14.4%
-2.3%
Total Year 2007 12 Months 2007
-10.7%
4,165.3
1,494.5
-10.7%
-22.4%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI.
12
RISI
Paper Trader - January 2009
Table 4 US Uncoated Freesheet Demand, Supply, and Availability Thousand Tons Apparent Shipments NSADJ.
%CHYA
SADJ.
Consumption %CH
Imports
Exports
SADJ.
Shipments/ Capacity
Capacity
2006:1
1,064
4.4%
1,042
4.1%
128.5
81.4
1,090
1,098
95%
2006:2
992
1.0%
1,035
-0.7%
109.9
78.3
1,067
1,098
94%
2006:3
1,086
-3.4%
1,025
-0.9%
124.5
91.3
1,058
1,098
93%
2006:4
1,002
0.4%
1,004
-2.0%
122.7
81.1
1,046
1,112
90%
2006:5
1,039
4.9%
1,036
3.2%
101.7
85.1
1,053
1,112
93%
2006:6
1,037
5.3%
1,030
-0.6%
123.8
81.4
1,072
1,112
93%
2006:7
992
2.0%
1,001
-2.8%
117.9
81.6
1,037
1,110
90%
2006:8
1,094
3.9%
1,042
4.1%
119.9
86.0
1,076
1,110
94%
2006:9
1,002
3.9%
1,022
-1.9%
117.4
79.6
1,060
1,110
92%
2006:10
1,046
2.3%
1,020
-0.2%
133.0
90.6
1,062
1,115
91%
2006:11
979
3.4%
1,027
0.7%
109.3
81.2
1,055
1,115
92% 91%
2006:12
973
1.5%
1,020
-0.7%
105.7
84.7
1,041
1,115
12,304
2.4%
12,304
2.4%
1,414.3
1,002.3
12,716
13,305
92%
12,304
2.4%
12,304
2.4%
1,414
1,002
12,716
13,305
92%
2007:1
1,041
-2.2%
1,012
-0.8%
103.5
78.9
1,036
1,107
91%
2007:2
949
-4.3%
986
-2.5%
97.9
81.4
1,003
1,107
89%
2007:3
1,050
-3.3%
994
0.8%
105.3
85.3
1,014
1,107
90%
2007:4
1,031
2.9%
1,033
3.9%
99.6
80.7
1,052
1,082
96%
2007:5
1,028
-1.0%
1,027
-0.6%
109.4
81.5
1,055
1,082
95%
2007:6
972
-6.3%
964
-6.1%
96.0
81.5
978
1,082
89%
2007:7
990
-0.2%
1,001
3.8%
103.6
85.9
1,018
1,040
96%
2007:8
1,039
-5.1%
991
-1.0%
105.1
89.4
1,006
1,040
95%
2007:9
957
-4.5%
977
-1.4%
101.3
78.6
1,000
1,040
94%
2007:10
1,019
-2.5%
994
1.8%
102.7
87.6
1,009
1,027
97%
2007:11
935
-4.5%
982
-1.2%
106.4
81.0
1,008
1,027
96%
Total Year 2006 12 Months 2006
2007:12
926
-4.8%
975
-0.8%
108.9
77.5
1,006
1,027
95%
11,935
-3.0%
11,936
-3.0%
1,239.7
989.3
12,186
12,767
93%
11,935
-3.0%
11,936
-3.0%
1,240
989.3
12,186
12,767
93%
2008:1
1,014
-2.6%
981
0.7%
116.5
80.4
1,017
1,021
96%
2008:2
945
-0.3%
983
0.2%
106.8
85.2
1,004
1,021
96%
2008:3
931
-11.3%
885
-9.9%
99.5
78.8
906
1,021
87%
2008:4
940
-8.8%
943
6.5%
97.4
75.1
965
1,008
93%
2008:5
914
-11.1%
912
-3.2%
97.5
78.0
932
1,008
90%
2008:6
958
-1.5%
950
4.1%
106.8
81.3
975
1,008
94%
2008:7
940
-5.0%
952
0.2%
100.9
89.5
963
987
96%
2008:8
945
-9.0%
902
-5.3%
93.4
93.7
902
987
91%
2008:9
905
-5.4%
924
2.5%
110.8
86.6
949
987
94%
2008:10
910
-10.7%
888
-4.0%
92.4
85.4
895
986
90%
2008:11
773
-17.3%
813
-8.4%
88.1
70.6
831
986
83%
2008:12
808
-12.8%
852
4.7%
90.2 e
78.0 e
864
986
86%
11,203
12,006
91%
-8.1%
-6.0%
Total Year 2007 12 Months 2007
12 Months 2008 % Ch. From 2007
10,985
10,985
-8.0%
-8.0%
1,200.2 -3.2%
982.4 -0.7%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI.
RISI
13
Paper Trader - January 2009
Table 5 US Uncoated Mechanical Demand, Supply, and Availability Thousand Tons Apparent Consumption
Shipments NSADJ.
%CHYA
SADJ.
2006:1
161.3
18.8%
2006:2
147.0
4.9%
2006:3
176.8
2006:4 2006:5
Shipments/
%CH
Imports
Exports
178.1
7.7%
319.8
166.3
-6.6%
335.8
8.9%
169.5
1.9%
390.8
157.0
0.8%
156.6
-7.6%
357.9
9.9
504.6
170.0
92%
152.5
2.3%
160.0
2.2%
406.9
7.7
559.2
170.0
94%
2006:6
151.6
-6.6%
155.2
-3.0%
371.1
8.5
517.8
170.0
91%
2006:7
163.6
-1.2%
157.4
1.4%
339.9
9.2
488.1
170.3
92%
2006:8
155.8
-4.1%
156.5
-0.6%
381.4
9.8
528.1
170.3
92%
2006:9
167.9
3.9%
160.4
2.5%
369.7
13.9
516.2
170.3
94%
2006:10
185.7
19.3%
163.0
1.6%
416.8
12.1
567.7
170.3
96%
2006:11
154.1
4.1%
154.3
-5.3%
365.5
6.4
513.4
170.3
91%
2006:12
160.3
-5.1%
156.2
1.2%
334.0
5.9
484.3
170.3
92%
1,933.6
3.5%
1,933.5
3.5%
4,389.6
118.6
6,204.5
2,041.8
95%
1,933.6
3.5%
1,933.5
3.5%
4,389.6
118.6
6,204.5
2,041.8
95%
2007:1
155.5
-3.6%
171.0
9.5%
342.9
8.4
505.5
177.0
97%
2007:2
144.1
-2.0%
163.1
-4.6%
337.3
9.2
491.2
177.0
92%
2007:3
177.9
0.6%
169.9
4.2%
384.5
13.8
540.6
177.0
96%
2007:4
179.4
14.3%
178.9
5.3%
364.0
13.7
529.2
177.0
101%
2007:5
159.0
4.3%
167.2
-6.5%
379.7
12.8
534.1
177.0
94%
2007:6
156.3
3.1%
160.5
-4.0%
332.4
14.8
478.1
177.0
91%
2007:7
167.5
2.4%
163.9
2.1%
344.7
12.4
496.2
179.5
91%
2007:8
166.0
6.6%
169.4
3.4%
385.3
16.3
538.4
179.5
94%
2007:9
193.0
15.0%
185.6
9.6%
368.8
12.3
542.1
179.5
103%
2007:10
211.3
13.8%
186.5
0.5%
393.2
14.4
565.3
186.6
100%
2007:11
191.8
24.5%
192.8
3.4%
378.3
13.2
557.9
186.6
103%
2007:12
207.7
29.6%
201.6
4.6%
336.5
8.7
529.4
186.6
108%
2,109.8
9.1%
2,110.4
9.1%
4,347.6
149.7
6,308.3
2,160.3
98%
2,109.8
9.1%
2,110.4
9.1%
4,347.6
149.7
6,308.3
2,160.3
98%
2008:1
173.3
11.4%
189.0
-6.3%
386.7
13.7
562.0
193.3
98%
2008:2
166.5
15.5%
187.9
-0.6%
341.8
12.4
517.3
193.3
97%
2008:3
195.4
9.8%
184.9
-1.6%
366.3
12.4
538.8
193.3
96%
2008:4
200.7
11.9%
199.3
7.8%
340.2
15.5
524.0
196.7
101%
2008:5
191.5
20.4%
199.9
0.3%
337.3
13.4
523.8
196.7
102%
2008:6
201.0
28.6%
205.9
3.0%
328.6
16.9
517.6
196.7
105%
2008:7
202.3
20.8%
198.1
-3.8%
329.7
13.7
514.1
198.3
100%
2008:8
184.6
11.2%
188.9
-4.6%
332.8
12.9
508.8
198.3
95%
2008:9
186.8
-3.2%
178.5
-5.5%
350.3
16.0
512.8
198.3
90%
2008:10
198.4
-6.1%
173.4
-2.9%
359.1
11.0
521.5
183.3
95%
2008:11
176.4
-8.0%
175.9
1.4%
277.3
11.0
442.2
183.3
96%
2008:12
147.4
-29.0%
142.4
-19.0%
432.2
183.3
78%
6,115.0
2,314.8
96%
-3.1%
7.2%
Total Year 2006 12 Months 2006
Total Year 2007 12 Months 2007
12 Months 2008 % Ch. From 2007
2,224.2
2,224.1
5.4%
5.4%
298.8 e 4,048.8 -6.9%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI, PPPC.
14
RISI
SADJ.
Capacity
Capacity
14.9
483.0
170.0
105%
9.6
492.5
170.0
98%
10.5
549.8
170.0
100%
9.0 e 157.9 5.5%
Paper Trader - January 2009
Table 6 Delivered Printing and Writing Paper Prices For Most Common Transactions US Dollars Per Ton Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2009
1,100 -0.9 930 -1.6 960 -1.0
1,095 -0.5 925 -0.5 960 0.0
US Prices Uncoated Freesheet Papers Std. No. 4 92 Brt Xerog. % 50 lb. Offset Rolls 92 Brt % 20 lb. Formbond % Average Value of Uncoated Free. Papers % Coated Papers Ctd. No. 1 80 lb. + Sheets % Coated No. 3 60 lb. Rolls % Ctd Grwd No.4 (78/80) 50 Lb. % Coated No. 5 34 lb. % Coated No. 5 40 lb. % Coated Papers Avg. Value % Coated Free. Avg. Value % Coated Grwd. Avg. Value %
1,000 0.0 850 0.0 870 0.0
1,020 2.0 850 0.0 875 0.6
1,050 2.9 880 3.5 900 2.9
1,055 0.5 900 2.3 920 2.2
1,055 0.0 900 0.0 920 0.0
1,060 0.5 905 0.6 925 0.5
1,095 3.3 935 3.3 950 2.7
1,110 1.4 945 1.1 960 1.1
1,115 0.5 955 1.1 970 1.0
1,115 0.0 950 -0.5 975 0.5
1,110 -0.4 945 -0.5 970 -0.5
1,013 3.7
947 -6.5
1,063 12.2
1,072 0.9
1,083 1.0
1,097 1.3
1,110 1.1
1,077 -2.9
1,104 2.5
1,099 -0.5
1,093 -0.5
1,500 0.0 1,000 2.0 990 4.8 1,040 5.1 910 5.8 962 4.8 1,005 2.9 930 7.2
1,500 0.0 1,005 0.5 990 0.0 1,040 0.0 910 0.0 981 1.9 1,016 1.1 954 2.6
1,500 0.0 1,005 0.0 990 0.0 1,040 0.0 910 0.0 980 0.0 1,021 0.5 946 -0.9
1,500 0.0 1,040 3.5 1,040 5.1 1,090 4.8 965 6.0 1,001 2.1 1,035 1.3 973 2.9
1,500 0.0 1,040 0.0 1,040 0.0 1,090 0.0 965 0.0 1,000 0.0 1,019 -1.5 983 1.1
1,500 0.0 1,040 0.0 1,040 0.0 1,090 0.0 965 0.0 1,010 0.9 1,034 1.5 985 0.2
1,550 3.3 1,075 3.4 1,050 1.0 1,105 1.4 980 1.6 1,002 -0.8 1,014 -1.9 990 0.5
1,550 0.0 1,080 0.5 1,055 0.5 1,115 0.9 990 1.0 1,038 3.7 1,069 5.4 1,013 2.3
1,550 0.0 1,080 0.0 1,060 0.5 1,120 0.4 995 0.5 1,032 -0.6 1,047 -2.1 1,020 0.7
1,550 0.0 1,100 1.9 1,060 0.0 1,120 0.0 995 0.0 1,022 -0.9 1,072 2.4 985 -3.4
1,550 0.0 1,080 -1.8 1,045 -1.4 1,100 -1.8 975 -2.0 1,035 1.2 1,056 -1.5 991 0.6
1,530 -1.3 1,060 -1.9 1,025 -1.9 1,070 -2.7 955 -2.1
1,500 -2.0 1,010 -4.7 975 -4.9 1,020 -4.7 910 -4.7
810 4.5 745 0.7 773 9.9
815 0.6 745 0.0 787 1.7
820 0.6 745 0.0 801 1.8
845 3.0 745 0.0 815 1.7
855 1.2 745 0.0 775 -5.0
855 0.0 745 0.0 811 4.7
885 3.5 755 1.3 835 2.9
895 1.1 755 0.0 835 0.0
905 1.1 755 0.0 843 0.9
905 0.0 755 0.0 833 -1.1
905 0.0 755 0.0 859 3.1
895 -1.1 755 0.0
890 -0.6 800 6.0
784 3.8 927 4.5 992 0.3 1,162 0.4 908 0.4
790 0.7 937 1.1 992 0.0 1,162 0.0 909 0.1
865 4.5 1,029 5.3 1,040 1.2 1,218 1.2 984 2.2
821 -5.1 976 -5.1 986 -5.1 1,156 -5.1 931 -5.4
787 -4.2 935 -4.2 944 -4.3 1,105 -4.4 897 -3.6
729 -7.3 867 -7.2 885 -6.3 1,020 -7.7 871 -2.9
696 -4.6 824 -5.0 838 -5.2 967 -5.2 827 -5.0
729 4.8 860 4.3 865 3.1 999 3.4 859 3.9
Uncoated Mechanical Papers 35 lb. SC-A % 22.1 lb. White Directory % Avg. Value Unc. Grwd. %
Price in Western Europe ($US/Ton) SC Gravure 60 gsm % LWC Gravure 60 gsm % Offset Paper 80 gsm % A4 Paper B-Grade 80 gsm % Coated Woodfree 100 gsm Rolls %
826 4.7 979 4.5 1,033 4.1 1,213 4.4 957 5.3
838 1.4 988 0.9 1,041 0.8 1,221 0.7 973 1.7
828 -1.2 977 -1.2 1,031 -0.9 1,209 -1.0 962 -1.2
828 0.1 977 0.1 1,027 -0.4 1,203 -0.5 962 0.1
Note: Prices are a composite of both spot and contract tonnage before standard discounts for payment terms. Copy paper prices are a composite of both branded and private label paper. Coated paper prices include merchant commissions for merchant grades and are eastern prices. Prices may be different in the west. Formbond prices represent a mix of white 20 lb. grades not just stock tab. Average value data comes from AF&PA and is the total Value of shipments/total tons of shipments.
RISI
15
Paper Trader - January 2009
Table 7 Printing and Writing Paper End-Use Market Indicators 08:I
08:II
08:III
08:IV
09:I
09:II
09:III
09:IV
2005
2006
2007
2008
2009
2010
Seasonally Adjusted Magazine Ad Page Index (1982=1.00) % %CHYA
1.152 1.100 1.050 1.002 1.027 1.014 1.014 1.011 1.228 1.226 1.218 1.076 1.016
1.019
-5.0 -6.7
-4.5 -9.3
-4.5 -13.4
-4.6 -17.4
2.5 -10.9
-1.2 -7.8
-0.1 -3.5
-0.3 0.9
0.5 0.5
-0.1 -0.1
-0.6 -0.6
-11.7 -11.7
-5.5 -5.5
0.2 0.2
Commercial Printing and Support (2002=1.00) % %CHYA
0.98 -1.1
0.96 -1.9
0.93 -3.0
0.91 -2.0
0.91 0.1
0.90 -1.6
0.89 -0.7
0.90 0.1
0.99 2.1
1.00 0.6
1.00 0.3
0.95 -5.1
0.90 -4.9
0.90 0.4
-3.3
-3.5
-5.8
-7.8
-6.7
-6.4
-4.2
-2.0
2.1
0.6
0.3
-5.1
-4.9
0.4
Periodical Book and Other Publishing (2002=1.00) % %CHYA
0.98 1.3
0.97 -1.9
0.96 -1.0
0.95 -0.6
0.94 -0.9
0.94 -0.5
0.94 0.8
0.94 0.0
0.99 1.7
0.95 -4.2
0.98 2.8
0.96 -1.4
0.94 -2.3
0.94 0.0
2.0
-1.9
-3.5
-2.3
-4.4
-3.0
-1.2
-0.6
1.7
-4.2
2.8
-1.4
-2.3
0.0
4.70 -1.5
4.55 -3.3
4.46 -2.0
4.42 -0.9
4.32 -2.2
4.26 -1.3
4.23 -0.7
4.20 19.12 19.55 19.26 18.12 17.01 -0.6 1.9 2.2 -1.5 -5.9 -6.1
16.82 -1.2
-3.6
-6.0
-6.8
-7.4
-8.1
-6.3
-5.1
-4.8
Catalogs Mailed (billions) % %CHYA
NOTE: % = Period-to-Period % Change %CHYA = % Change from Same Period in Previous Year
16
RISI
1.9
2.2
-1.5
-5.9
-6.1
-1.2
Paper Trader - January 2009
Table 8 US Total Printing and Writing Paper Summary 000 Tons 08:I
Consumption %CH Inventory Change Apparent Consumption %CH Coated Freesheet %CH Coated Mechanical %CH Uncoated Freesheet %CH Uncoated Mechanical %CH Total Imports Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical Total Exports Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical Total Shipments %CH Coated Freesheet %CH Coated Mechanical %CH Uncoated Freesheet %CH Uncoated Mechanical %CH Shipments (Not S. Adj.) %CHYA Coated Freesheet %CHYA Coated Mechanical %CHYA Uncoated Freesheet %CHYA Uncoated Mechanical %CHYA Capacity (strike adj.) Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical Shipments/Capacity Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical
08:II
08:III
7,317 7,124 6,911 -8.5 -10.2 -11.4
08:IV
09:I
09:II
09:III
6,657 -13.9
6,482 -10.1
6,519 6,501 2.3 -1.1
09:IV
2005
2006
2007
2008
6,524 1.4
30,787 -0.2
30,488 -1.0
30,175 -1.0
28,008 26,025 26,229 -7.2 -7.1 0.8 -135
2010
-30
-57
-122
-451
-63
-35
-23
-15
-453
525
31
7,287 -15.4 1,251 -34.5 1,493 -12.3 2,932 -8.4 1,612 -12.8 2,044 241 385 323 1,095
7,067 -11.6 1,251 0.0 1,373 -28.3 2,889 -5.7 1,553 -13.8 1,910 230 372 302 1,006
6,788 -14.8 1,161 -25.8 1,274 -25.9 2,816 -9.7 1,537 -4.2 1,906 219 370 305 1,013
6,206 -30.1 1,095 -20.8 1,138 -36.4 2,566 -31.1 1,412 -28.8 1,827 253 368 271 935
6,419 14.4 1,124 11.0 1,194 21.5 2,632 10.7 1,468 16.9 1,879 222 360 298 999
6,484 4.1 1,119 -1.8 1,230 12.6 2,662 4.7 1,472 1.1 1,879 222 357 294 1,006
6,478 -0.4 1,114 -1.9 1,239 3.0 2,645 -2.7 1,480 2.1 1,895 225 361 299 1,010
6,509 1.9 1,124 3.7 1,249 3.0 2,650 0.9 1,486 1.5 1,916 229 358 313 1,017
30,335 -3.2 5,524 -2.8 5,988 -3.0 12,553 -6.4 6,270 3.5 9,156 1,465 1,618 1,557 4,517
31,012 2.2 6,096 10.4 5,996 0.1 12,716 1.3 6,204 -1.1 9,301 1,687 1,811 1,414 4,390
30,206 -2.6 5,554 -8.9 6,159 2.7 12,185 -4.2 6,309 1.7 8,716 1,204 1,925 1,239 4,348
557 177 97 244 39
529 157 91 234 46
602 188 101 270 43
532 173 94 234 31
554 171 97 246 39
553 171 98 245 39
551 171 98 243 39
550 171 98 242 39
2,032 566 334 1,018 114
2,011 558 332 1,002 119
2,216 649 428 989 150
2,220 696 384 982 158
2,208 685 391 976 157
2,250 705 404 985 156
5,801 -13.1 1,188 -24.0 1,204 -3.2 2,853 -9.5 556 -24.5 5779 -0.7 1,172 -5.1 1,181 10.4 2,891 -4.9 535 12.1
5,686 -7.7 1,178 -3.1 1,093 -32.2 2,822 -4.4 593 29.8 5,580 -3.9 1,135 -5.4 1,040 -3.9 2,812 -7.2 593 19.9
5,484 -13.4 1,131 -15.2 1,006 -28.2 2,781 -5.6 567 -16.6 5,594 -7.6 1,177 -8.2 1,053 -16.7 2,791 -6.5 574 8.9
4,916 -35.4 1,015 -34.9 864 -45.6 2,529 -31.6 508 -35.6 4,933 -18.0 1,027 -19.7 891 -28.5 2,492 -13.5 522 -14.6
5,093 15.2 1,074 25.3 932 35.1 2,580 8.2 508 0.2 5,081 -12.1 1,062 -9.4 903 -23.5 2,632 -9.0 484 -9.6
5,158 5.2 1,069 -2.0 971 18.1 2,613 5.3 505 -2.4 5,067 -9.2 1,029 -9.4 925 -11.0 2,610 -7.2 503 -15.2
5,135 -1.8 1,060 -3.2 977 2.4 2,589 -3.7 509 3.2 5,255 -6.1 1,114 -5.4 1,023 -2.9 2,595 -7.0 524 -8.7
5,142 0.6 1,066 2.5 988 4.8 2,580 -1.5 508 -1.0 5,126 3.9 1,065 3.7 1,012 13.6 2,527 1.4 522 0.0
23,210 -1.8 4,624 -0.6 4,704 -0.7 12,015 -4.3 1,867 10.1 23,213 -1.8 4,626 -0.5 4,704 -0.7 12,016 -4.3 1,867 10.1
23,723 2.2 4,968 7.4 4,518 -4.0 12,304 2.4 1,933 3.5 23,723 2.2 4,968 7.4 4,517 -4.0 12,304 2.4 1,934 3.5
23,705 -0.1 4,999 0.6 4,661 3.2 11,935 -3.0 2,111 9.2 23,706 -0.1 4,997 0.6 4,663 3.2 11,935 -3.0 2,111 9.2
21,888 -7.7 4,512 -9.7 4,168 -10.6 10,985 -8.0 2,224 5.4 21,886 -7.7 4,512 -9.7 4,165 -10.7 10,985 -8.0 2,224 5.4
20,528 -6.2 4,269 -5.4 3,868 -7.2 10,361 -5.7 2,030 -8.7 20,530 -6.2 4,269 -5.4 3,864 -7.2 10,364 -5.7 2,033 -8.6
20,816 1.4 4,382 2.7 3,971 2.7 10,302 -0.6 2,161 6.5 20,814 1.4 4,384 2.7 3,968 2.7 10,303 -0.6 2,160 6.3
6,106 1,249 1,214 3,063 580
6,069 1,241 1,213 3,025 590
5,936 1,227 1,153 2,961 595
5,794 1,196 1,091 2,957 550
5,646 1,194 1,057 2,873 522
5,631 1,190 1,055 2,861 525
5,605 1,186 1,052 2,842 525
5,586 1,186 1,052 2,823 525
25,486 5,132 4,991 13,410 1,953
25,356 5,306 4,702 13,306 2,042
24,836 5,131 4,780 12,765 2,160
23,905 22,468 22,477 4,913 4,756 4,744 4,671 4,216 4,240 12,006 11,399 11,211 2,315 2,097 2,282
0.95 0.95 0.99 0.93 0.96
0.94 0.95 0.90 0.93 1.01
0.92 0.92 0.87 0.94 0.95
0.85 0.85 0.79 0.86 0.92
0.90 0.90 0.88 0.90 0.97
0.92 0.90 0.92 0.91 0.96
0.92 0.89 0.93 0.91 0.97
0.92 0.90 0.94 0.91 0.97
0.91 0.90 0.94 0.90 0.96
0.94 0.94 0.96 0.92 0.95
0.95 0.97 0.98 0.94 0.98
RISI
-659
2009
49
27,349 25,890 26,279 -9.5 -5.3 1.5 4,759 4,482 4,637 -14.3 -5.8 3.5 5,278 4,913 5,053 -14.3 -6.9 2.9 11,203 10,589 10,570 -8.1 -5.5 -0.2 6,115 5,906 6,019 -3.1 -3.4 1.9 7,686 7,570 7,713 942 897 959 1,495 1,436 1,486 1,200 1,204 1,253 4,049 4,032 4,014
0.91 0.92 0.89 0.91 0.96
0.91 0.90 0.92 0.91 0.97
17
0.93 0.92 0.94 0.92 0.95
Paper Trader - January 2009
Table 9 Printing and Writing Paper Price Summary US Dollars Per Ton Delivered to the US 08:I
08:II
08:III
08:IV
09:I
09:II
09:III
09:IV
2005
2006
2007
2008
2009
2010
Coated Paper Prices Coated No. 1 80 Lb. in Sheets %
1,500 1,500 1,550 1,543 1,500 1,500 1,500 1,500 0.0 0.0 3.3 -0.4 -2.8 0.0 0.0 0.0
1,500 0.0
1,500 0.0
1,500 0.0
1,523 1.6
1,500 -1.5
1,513 0.9
Coated No. 3 60 Lb. in Rolls %
1,003 1,040 1,078 1,080 1,010 1,000 1,000 1,005 3.1 3.7 3.7 0.2 -6.5 -1.0 0.0 0.5
868 11.7
909 4.7
928 2.1
1,050 13.2
1,004 -4.4
1,030 2.6
Ctd Grwd No.4(78/80)50 lb % Coated No. 5 34 Lb. in Rolls % Coated No. 5 40 Lb. in Rolls %
990 1,040 1,055 1,043 5.9 5.1 1.4 -1.1
970 -7.0
950 -2.1
950 0.0
970 2.1
897 14.9
916 2.1
878 -4.1
1,032 17.5
960 -7.0
1,019 6.1
1,040 1,090 1,113 1,097 1,010 6.1 4.8 2.1 -1.5 -7.9
990 -2.0
990 1,010 0.0 2.0
986 14.1
975 -1.1
923 -5.3
1,085 17.5
1,000 -7.8
1,064 6.4
910 7.3
965 6.0
988 2.4
975 -1.3
895 -8.2
875 -2.2
875 0.0
895 2.3
847 16.7
836 -1.3
786 -5.9
960 22.0
885 -7.8
939 6.1
882 1.3
922 4.5
960 4.2
968 0.9
950 -1.9
920 -3.2
920 0.0
920 0.0
767 3.8
828 8.0
852 2.8
933 9.5
928 -0.6
941 1.4
1,023 1,057 1,107 1,108 1,080 1,050 1,040 1,040 2.0 3.3 4.7 0.2 -2.6 -2.8 -1.0 0.0
804 1.7
890 10.8
981 10.2
1,074 9.5
1,053 -2.0
1,068 1.5
Uncoated Freesheet Prices 20 Lb. Formbond in Rolls % Std No 4 92 Brite Copy Paper 20 LB % No. 3 Offset 50 Lb. in Rolls %
860 1.0
902 4.8
945 4.8
942 -0.4
915 -2.8
895 -2.2
900 0.6
900 0.0
709 7.7
815 15.0
832 2.0
912 9.7
903 -1.1
928 2.8
787 10.3
800 1.7
838 4.6
851 1.6
866 1.8
863 -0.3
863 0.0
863 0.0
685 -11.1
730 6.5
713 -2.4
819 14.9
864 5.5
878 1.6
Supercalendered Paper 35 Lb. %
815 5.8
852 4.5
895 5.1
902 0.7
885 -1.8
880 -0.6
880 0.0
880 0.0
769 7.9
788 2.5
753 -4.4
866 15.0
881 1.8
920 4.4
White Directory 22.1 Lb. %
745 0.7
745 0.0
755 1.3
755 0.0
800 6.0
800 0.0
800 0.0
800 0.0
675 3.8
721 6.9
740 2.6
750 1.4
800 6.7
836 4.4
Uncoated Mechanical Prices Avg. Value of All Grades (Seas. Adj.) %
Note: Prices are a composite of both spot and contract tonnage before standard discounts for payment terms. Copy paper prices are a composite of both branded and private label paper. Coated paper prices include merchant commissions for merchant grades and are eastern prices. Prices may be different in the west. Formbond prices represent a mix of white 20 lb. grades not just stock tab. Average value data comes from AF&PA and is the total value of shipments divided by the total tons of shipments.
18
RISI
Paper Trader - January 2009
Table 10 US Coated Freesheet Imports by Country of Origin Tons
Total Imports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
94,657
86,689
87,079
74,352
79,198
78,243
76,096
75,774
75,134
71,952
71,641
78,409
90,276
884
0
5
3
8
6
10
443
250
425
84
195
455
3,638
4,549
4,117
3,223
2,682
3,131
2,471
2,684
2,733
1,487
1,542
1,785
2,227
40
97
55
19
20
4
23
32
10
26
31
0
0
15,149
12,549
12,007
10,065
12,778
11,088
11,959
12,878
10,501
7,132
10,204
8,296
11,530
4,425
2,277
3,199
1,689
1,247
1,781
2,014
3,436
2,605
2,342
1,322
3,688
3,587
8,939
10,146
8,707
6,152
5,674
6,132
6,400
6,777
7,617
8,274
6,504
6,755
8,153
8,793
4,510
5,776
6,022
6,649
5,905
4,582
6,603
5,934
5,793
4,231
8,510
7,608
2,887
1,807
1,866
1,457
690
791
1,599
1,307
998
707
536
530
1,345
0
0
0
0
0
0
0
0
0
0
0
0
0
164
107
53
82
159
152
77
26
134
291
0
0
0
5,992
4,803
1,917
2,976
2,845
2,650
3,610
2,315
3,284
3,890
3,580
2,567
5,342
1,174
877
1,574
856
1,121
808
1,141
632
847
773
744
506
1,269
20
83
0
30
126
152
58
122
140
24
137
20
65
24
22
63
69
78
44
200
44
29
61
104
32
74
202
120
140
207
130
335
237
316
201
229
87
245
207
51,445
41,947
39,474
32,847
34,198
32,974
34,372
37,173
35,030
31,029
29,020
32,933
41,406
3
49
24
1
7
45
7
17
2
0
20
22
3
139
84
0
84
195
168
166
0
220
171
0
0
0
0
0
54
0
0
0
22
0
0
0
0
0
0
0
0
0
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142
133
78
85
202
231
195
17
223
171
20
22
3
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
0
0
0
0
0
1
0
0
0
3
0
0
0
Oceania E. Europe
39
1
1
0
0
0
0
1
0
133
0
0
0
392
408
1,227
188
448
554
357
240
432
173
871
69
473
8,099
6,733
6,771
8,869
6,960
7,345
3,415
6,506
8,795
6,130
9,804
8,571
9,225
30,480
36,251
37,771
30,307
35,705
35,877
33,201
29,333
27,743
29,988
27,778
30,515
32,806
0 2,565
0 700
0 1,041
0 1,633
0 899
0 1,053
0 4,357
0 1,703
0 2,288
0 3,593
0 3,685
0 6,016
0 5,583
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
146
63
74
0
0
53
117
0
86
73
40
362
262
233
341
705
202
126
305
254
306
293
14
281
60
101
327
17
0
0
63
0
0
0
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
41,995
44,456
47,517
41,417
44,791
45,031
41,519
38,142
39,629
40,328
42,517
45,259
48,412
29
0
0
0
0
0
0
0
0
0
0
0
0
161
153
4
0
0
0
0
0
0
0
0
0
0
RISI
19
Paper Trader - January 2009
Table 11 US Coated Freesheet Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
56,628
44,317
60,297
56,113
60,955
60,191
51,464
45,626
60,998
61,915
65,116
59,395
55,877
Canada
35,277
23,267
33,068
33,848
35,515
34,933
32,912
27,476
37,257
35,681
37,107
38,381
34,840
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
0
0
0
0
0
0
0
0
723
282
517
437
563
234
211
443
851
198
40
268
438
6
20
18
0
0
7
21
0
21
0
11
0
0
117
51
0
0
61
505
94
228
208
117
451
287
28
537
1,163
568
545
708
295
193
165
225
708
412
635
1,370
31
165
140
0
0
0
52
65
11
31
579
0
395
76
133
43
79
354
142
76
163
170
62
101
69
147
0
0
0
0
0
0
0
6
9
0
0
10
0
0
0
0
0
0
4
0
0
0
0
0
0
30
127
142
22
50
68
46
9
0
114
25
47
200
101
163
0
0
82
42
45
80
62
78
126
0
0
20
0
0
4
0
43
30
0
0
0
8
0
0
0
530
123
308
360
36
287
161
233
381
445
52
379
409
22
8
35
173
72
185
274
406
357
223
195
282
194
2,331
2,088
1,655
1,725
1,947
1,780
1,171
1,770
2,425
1,942
1,888
2,130
3,131
8,379
8,040
12,439
9,426
8,171
6,900
6,454
5,366
8,267
10,466
15,406
11,336
9,049
486
410
358
255
438
192
106
223
0
194
53
180
487
547
836
1,069
764
1,280
1,679
1,595
1,078
1,167
385
819
328
500
245
780
266
133
437
495
104
247
256
222
184
702
28
3
0
52
334
26
360
74
284
285
146
191
326
126
926
855
848
1,537
982
910
1,057
929
1,205
732
568
251
709
725
611
1,325
1,496
737
1,155
561
622
797
734
898
568
926
11,311
11,532
16,357
13,944
12,071
11,692
9,950
8,749
11,978
12,878
18,119
13,692
11,824
Middle East Africa
358
381
165
290
354
142
202
134
79
373
73
184
368
64
319
68
7
35
22
25
11
300
316
107
9
39
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
209
634
80
40
105
83
624
51
246
54
44
204
137
260
340
20
96
79
25
190
352
21
188
188
121
21
20
9
44
0
61
64
0
68
89
0
0
0
0
3,081
2,614
3,868
1,881
2,335
3,941
1,543
2,912
3,084
3,093
3,031
174
1,580
408
856
222
187
1,076
656
1,434
285
168
356
505
227
618
22 546
132 511
154 428
130 406
237 563
168 603
161 281
21 413
43 1,059
64 1,022
30 245
6 495
12 374
108
51
106
0
0
265
67
56
2
24
60
23
0
Oceania E. Europe
20
159
53
278
743
621
110
54
6
93
122
266
261
98
259
152
142
165
169
335
122
196
19
241
208
141
79
42
0
21
32
147
101
209
66
35
109
21
21
19
28
53
170
20
103
74
39
4
28
34
0
19
4
5,141
5,405
5,532
3,699
5,494
6,424
4,724
4,431
4,886
5,309
4,598
1,692
2,942
2,101
1,325
3,450
2,599
5,539
5,196
2,414
3,035
4,054
5,416
3,208
3,301
2,733
45
0
1
0
0
1
65
20
19
0
18
7
0
RISI
Paper Trader - January 2009
Table 12 US Coated Mechanical Imports by Country of Origin Tons Nov 2007
Total Imports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
126,156 138,310 125,843 117,067 142,443 129,938 126,315 115,550 132,636 115,870 121,031 132,220 113,003 52,100
49,100
52,000
43,000
45,800
49,700
49,000
46,000
33,000
36,000
36,000
39,000
40,000
1,978
3,213
1,418
1,657
2,196
2,095
1,116
1,336
2,795
4,699
3,086
3,674
1,994
0
0
0
0
0
0
0
3
0
0
0
0
0
34,579
26,837
39,406
35,232
38,739
31,505
29,524
25,254
34,621
28,817
32,006
33,405
18,782
1,841
3,069
1,621
3,586
3,170
3,484
3,230
1,919
2,771
1,879
2,331
2,272
2,943
7,454
10,502
8,362
12,690
10,750
12,482
10,639
11,619
19,846
6,248
11,469
10,575
6,457
35
0
0
21
271
68
0
0
0
0
0
26
0
0
0
0
0
0
0
0
0
0
0
0
0
0
395
1,020
2,194
381
820
89
646
35
1,128
2,962
4,284
5,174
310
0
0
0
0
0
0
0
0
0
0
0
0
25
50
119
87
123
86
197
190
84
49
140
132
168
90
7,296
1,793
7,002
2,427
7,110
4,060
1,899
3,166
4,378
3,942
2,383
87
3,049
2
11
36
10
12
20
29
1
4
21
6
0
0
2,790
3,124
2,199
6,369
4,731
2,967
7,019
6
6,182
9
2,250
3,933
2,588
0
0
0
0
0
0
0
0
0
0
0
0
0
56,419
49,688
62,325
62,496
67,885
56,969
54,292
43,423
71,774
48,717
57,948
59,315
36,239
Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
53
54
0
0
0
0
0
0
84
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
53
54
0
0
1
0
0
0
84
1
0
0
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia Oceania E. Europe
0
0
0
0
0
0
0
0
0
0
0
0
0
78
49
78
91
184
217
91
91
88
105
899
164
96
3,574
4,345
3,519
1,570
2,293
3,742
3,739
3,509
3,062
4,153
6,426
6,403
4,082
740
374
493
254
312
241
283
284
196
272
495
377
353
0
20
42
0
20
20
19
0
207
291
285
1,399
474
0 13,185
0 34,520
0 7,332
0 9,655
0 25,948
0 18,623
0 18,412
0 22,056
15 24,268
10 26,237
0 18,951
68 25,494
0 31,721
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
161
0
1
1
0
0
1
2
0
8
0
0
61
0
0
0
0
0
143
0
1
0
0
0
0
0
0
0
0
0
423
336
184
21
1
18
0
39
17,637
39,469
11,464
11,571
28,758
23,267
23,024
26,126
27,862
31,069
27,082
33,906
36,764
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
RISI
21
Paper Trader - January 2009
Table 13 US Coated Mechanical Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
39,848
30,852
33,160
32,364
31,667
30,730
33,102
27,658
35,159
31,117
35,204
33,007
29,759
Canada
24,092
16,763
17,746
17,556
20,477
16,032
16,083
14,246
18,609
17,188
17,371
21,259
17,695
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28
0
0
0
0
0
90
0
0
0
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America Middle East Africa Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia Oceania E. Europe
0
0
0
25
0
0
0
100
0
0
0
0
0
1,780
681
3,483
3,717
2,070
3,059
2,169
259
549
1,378
3,145
764
886
682
317
396
62
49
266
303
180
68
364
246
524
30
108
132
437
463
416
331
175
1,355
1,260
485
999
50
0
34
75
0
21
37
32
30
25
36
41
11
29
65
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
472
6
250
151
0
371
195
73
356
231
104
112
834
14
18
8
14
0
13
4
17
8
0
6
0
0
6
9
0
12
3
0
153
10
3
11
10
0
0
20
49
159
78
237
34
116
67
152
47
141
61
65
0
0
90
0
0
87
181
40
185
161
0
229
3
3,116
1,286
4,823
4,571
2,812
4,193
3,327
2,125
2,618
2,809
4,661
1,768
1,884
3,558
3,867
4,265
4,074
3,363
4,183
5,403
4,339
5,819
6,205
7,503
5,719
6,669
4
390
215
63
20
0
198
65
0
4
50
28
46
1,895
331
43
34
52
76
709
313
23
15
282
403
444
1,132
1,860
1,951
1,413
1,276
1,791
2,708
868
2,032
311
1,068
776
115
206
330
0
284
0
0
44
467
192
495
177
43
233
637
707
487
619
552
604
359
987
762
316
190
244
319
88
488
213
254
410
262
742
771
126
125
411
244
159
7,521
7,972
7,174
6,742
5,674
6,917
10,164
7,809
8,953
7,471
9,682
7,456
7,984
10
0
478
69
256
800
519
181
437
173
165
582
439
110
243
268
143
0
367
306
4
159
12
148
224
138
1,000
887
657
1,198
511
464
247
392
852
88
63
21
9 130
44
0
0
11
4
10
0
11
9
12
7
111
265
218
23
22
23
0
23
192
274
42
262
0
0
29
69
0
105
22
176
0
72
104
78
73
46
46
904
319
32
234
24
1
25
109
112
21
7
110
20
429 1,282
229 2,121
150 1,197
112 1,020
483 636
35 823
171 1,319
337 619
398 1,865
561 1,133
173 606
288 381
155 1,075
110
306
42
376
155
262
407
1,117
18
1,075
1,694
58
0
227
238
149
0
342
399
251
276
265
260
153
506
22
91
24
147
12
0
64
131
71
209
54
11
99
8
0
0
0
99
47
68
0
37
85
0
0
22
88
138
131
260
68
181
0
88
0
123
85
108
26
0
4,518
4,544
2,657
3,257
2,429
2,304
2,663
3,233
4,314
3,409
3,157
1,670
1,553
461
42
15
24
19
76
40
13
69
54
21
26
66
20
3
0
0
0
41
0
46
0
0
0
22
0
Note: Commerce Department data for 2007 adjusted down for reporting errors.
22
RISI
Paper Trader - January 2009
Table 14 US Uncoated Freesheet Paper Imports by Country of Origin Tons Nov 2007
Total Imports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal W. Germany Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
106,370 108,946 116,463 106,817
99,540
97,365
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
97,539 106,769 100,902
93,400 110,833
92,373
88,054
47,600
53,000
54,900
51,800
43,000
43,300
39,300
51,129
51,000
47,990
49,191
41,495
35,999
774
2,888
710
755
1,123
2,072
2,067
483
1,318
766
597
1,392
1,108
37
212
36
44
117
118
213
138
360
142
20
390
66
3,646
3,363
8,363
3,652
2,334
4,145
4,228
1,711
1,845
6,139
8,099
4,486
7,459
565
380
514
419
449
602
509
658
516
288
281
775
314
2,135
1,878
2,426
1,984
2,164
1,951
1,583
2,490
1,400
976
3,023
2,518
2,331
457
164
433
158
522
187
323
327
106
60
24
104
154
300
214
218
99
198
225
525
205
429
289
328
192
399
0
0
0
0
0
0
0
0
0
0
0
0
0
8,263
8,775
8,451
9,049
8,423
8,703
7,485
9,926
7,997
7,657
10,305
9,376
7,795
76
105
72
355
236
140
179
67
100
164
88
151
343
484
126
114
108
56
43
39
57
110
34
114
78
30
430
314
446
548
631
384
309
180
320
114
287
324
289
355
1,120
414
483
430
400
818
584
411
330
427
267
336
0
44
2
0
23
0
0
0
19
20
10
0
25
17,523
19,583
22,200
17,653
16,705
18,969
18,276
16,827
14,932
16,977
23,602
20,053
20,650
3,161
2,611
2,664
2,878
2,021
2,209
2,334
2,028
2,195
1,820
1,939
1,976
1,324
200
241
187
133
151
272
151
74
250
82
110
79
46
12,896
9,454
13,127
16,676
18,095
16,462
15,078
17,901
13,014
9,323
18,780
14,792
17,837
11
2
0
0
0
2
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 30
36
11
32
20
24
29
2
3
11
42
42
60
105
0
1
3
30
2
2
1
0
0
31
1
0
16,409
12,319
16,012
19,710
20,321
18,976
17,567
20,008
15,472
11,267
20,902
16,908
19,237
Middle East Africa
0
0
0
1
22
0
6
0
0
1
0
3
1
0
0
0
0
0
0
2
0
1
3
1
8
1
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
78
30
65
43
68
30
30
26
63
21
19
23
8
Oceania E. Europe
74
66
14
10
21
51
40
66
47
41
20
4
46
17,135
18,198
16,234
9,327
12,364
9,512
14,959
11,328
11,353
12,383
11,992
9,679
6,780
674
261
226
487
465
442
603
589
594
376
362
422
502
661
250
567
941
317
795
337
597
496
225
503
448
713
58 3,236
134 3,431
169 4,618
185 5,314
91 3,192
147 2,832
105 4,049
218 3,651
143 2,384
152 2,072
128 1,910
141 1,523
127 1,986
11
14
15
24
10
12
15
13
25
10
13
24
12
0
0
2
413
990
1
155
351
80
0
1
1
0
123
99
64
105
68
25
21
61
41
17
51
52
69
203
55
143
72
62
392
200
163
468
162
514
109
354
41
59
40
97
89
63
45
941
2,571
683
224
74
14
22,295
22,597
22,156
17,018
17,739
14,301
20,559
18,005
18,266
16,142
15,735
12,501
10,612
2,011
934
651
179
1,282
1,203
1,387
211
639
622
756
729
822
532
513
543
455
471
615
442
590
592
399
645
676
731
Note: Uncoated mechanical sheets imported from Indonesia have been reclassified as uncoated freesheet.
RISI
23
Paper Trader - January 2009
Table 15 US Uncoated Freesheet Paper Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
80,983
77,478
80,361
85,163
78,778
75,051
77,965
81,260
89,543
93,738
86,648
85,351
70,582
Canada
36,348
30,385
31,639
37,025
37,246
33,795
33,533
31,999
30,847
29,136
29,045
29,632
26,154
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America Middle East Africa
12
1
3
0
3
0
0
19
0
0
0
0
0
214
301
762
397
420
197
382
152
446
368
160
272
247
3
0
30
0
0
0
10
0
0
0
151
0
0
1,650
1,496
1,475
1,713
1,750
1,343
2,277
737
1,767
1,801
2,248
1,532
2,961
216
442
378
141
1,028
966
1,777
1,554
767
1,109
1,316
700
1,375
787
18
357
134
250
115
319
377
298
513
466
478
590
3,306
2,955
2,232
1,655
2,908
3,388
2,620
4,613
2,964
3,578
2,651
4,565
3,440
50
1
0
9
22
0
6
0
0
4
0
0
0
0
58
1
0
0
0
0
1
0
0
0
0
0
134
1
39
11
23
47
1
67
10
39
325
507
2
21
40
1
8
31
2
4
0
31
7
14
3
2
0
24
34
112
6
23
0
9
9
2
52
3
3
1,399
1,615
1,098
1,380
1,735
2,273
2,980
2,242
1,779
1,243
1,918
2,402
2,230
605
130
356
2
481
269
461
606
374
285
464
319
451
8,397
7,082
6,766
5,562
8,657
8,623
10,837
10,378
8,445
8,950
9,765
10,782
11,301
16,672
15,104
17,373
14,036
13,220
15,891
15,125
16,824
22,950
22,296
20,158
23,098
17,126
216
699
466
348
375
334
150
143
104
225
527
288
467
147
403
1,033
1,074
916
282
584
168
667
864
904
1,228
672
989
823
732
1,327
608
933
969
503
1,957
1,549
2,040
2,716
584
893
0
1,009
518
531
585
402
657
904
1,299
733
1,282
1,262
3,014
2,697
3,381
3,643
3,619
2,552
2,531
1,990
3,019
3,209
2,032
2,369
2,781
2,396
2,151
3,592
2,749
1,732
1,593
563
714
1,393
1,659
1,598
2,034
1,562
24,327
21,877
27,586
23,695
21,001
22,169
20,324
20,999
30,993
31,100
27,992
33,014
24,456
861
3,778
3,797
5,032
2,098
1,347
3,644
4,002
5,345
8,192
4,991
1,759
1,752
1,427
1,418
826
537
701
144
108
541
1,542
1,119
1,383
1,491
1,649
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
1,178
2,338
1,295
3,959
2,002
1,260
1,445
1,415
1,478
1,351
3,089
2,577
950
35
86
57
21
116
85
193
179
83
55
94
289
28
63
230
24
40
117
71
53
482
217
106
224
118
0
Oceania E. Europe
24
427
302
440
231
410
303
789
1,909
1,921
1,174
321
429
355
929
2,568
1,205
627
797
297
388
686
1,439
1,230
1,431
524
388
298 3,241
561 2,127
548 3,188
1,203 3,716
85 1,470
424 2,564
157 2,625
333 2,223
230 2,337
234 3,624
520 2,749
379 886
363 1,157
47
61
23
159
56
55
185
73
150
119
28
64
91
466
433
226
248
828
363
208
721
171
326
327
169
174
951
1,776
312
694
631
435
357
1,292
1,560
1,734
578
944
276
57
34
8
249
26
68
94
116
325
71
6
31
42
94
146
62
134
22
152
312
143
140
338
276
212
313
7,787
10,663
7,388
11,282
6,560
6,077
6,806
9,571
10,051
10,363
9,641
6,620
4,137
1,388
1,670
2,071
1,543
1,660
2,197
2,009
3,298
1,936
4,534
3,581
1,857
1,085
448
606
288
486
855
698
703
472
385
345
250
195
50
RISI
Paper Trader - January 2009
Table 16 US Uncoated Mechanical Paper Imports by Country of Origin Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Imports
378,342 336,489 386,709 341,752 366,308 340,227 337,273 328,551 329,662 332,778 350,324 359,144 277,318
Canada
335,100 300,900 335,100 287,700 314,200 298,700 285,500 272,300 288,800 286,600 300,900 310,800 248,000
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe
369
20
247
327
1,446
337
1,286
1,194
1,170
538
736
1,132
0
0
0
0
0
0
65
0
0
0
0
0
0 0
28,505
31,023
35,179
34,660
25,323
31,139
28,780
39,374
23,342
34,564
35,800
37,671
12,307
0
11
0
0
0
0
0
0
13
9
2
28
28
1,462
12
408
905
1,268
37
2,337
432
615
2,021
2,208
858
1,664
42
0
41
159
40
0
1
2
0
141
19
3
8
1
0
1
114
0
0
0
0
0
7
0
6
3
12,005
3,934
14,025
16,182
22,871
8,977
18,278
13,875
13,735
7,908
9,451
7,892
14,581
0
0
0
0
51
0
0
0
0
0
0
0
0
0
0
0
6
0
0
0
0
3
0
0
3
47
4
0
1,123
224
289
0
75
89
86
133
110
60
0
3
0
0
0
0
0
0
0
0
0
0
0
0
6
8
1
8
11
3
2
1
1
10
4
6
14
0
0
0
0
0
2
0
0
0
0
0
0
0
42,398
35,008
51,024
52,583
51,298
40,496
50,825
54,967
38,965
45,330
48,331
47,658
28,653
126
64
0
42
0
21
28
146
623
166
402
62
302
0
26
0
25
0
0
25
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126
90
0
67
0
21
53
146
623
166
402
62
302
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
1
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
0
0
23
33
18
17
76
0
88
29
35
77
42
94
82
98
57
30
22
60
104
2
0
6
4
0
4
0
4
2
1
11
1
0
0
0
0
0
0
0
10
0
0
0
26
2
2
0 420
18 384
0 432
34 1,167
0 635
0 774
0 735
0 995
17 1,160
0 564
0 509
0 443
0 79
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26
0
0
0
0
0
0
0
0
21
10
39
9
19
41
18
17
0
26
21
0
19
17
0
0
0
25
71
2
0
0
41
83
0
0
13
14
64
51
6
1
41
0
0
0
0
0
6
562
455
575
1,343
754
984
887
1,138
1,269
680
689
582
209
Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Oceania E. Europe
69
0
0
0
1
0
1
1
6
0
0
0
0
87
36
9
60
55
25
4
0
0
1
0
42
153
Note: Canadian imports in this table are PPPC data. Uncoated mechanical sheets imported from Indonesia have been reclassified as uncoated freesheet.
RISI
25
Paper Trader - January 2009
Table 17 US Uncoated Mechanical Paper Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
25,824
21,722
28,233
22,114
20,466
19,830
21,316
24,529
22,839
23,310
23,357
25,498
28,508
Canada
10,433
8,862
11,036
7,315
7,956
6,906
8,452
10,978
8,331
6,234
7,653
6,310
5,432
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
0
11
0
0
0
0
0
0
122
3
83
3
3
14
11
3
2
19
3
0
0
8
0
0
0
0
0
0
6
0
0
0
0
0
2
0
0
0
4
0
0
12
0
7
0
0
0
80
0
58
32
93
119
222
111
57
41
32
51
168
79
0
0
0
26
0
50
21
10
0
57
0
142
14
1
0
34
1
8
30
1
0
0
0
0
36
0
0
0
32
11
0
28
0
0
4
0
7
0
0
0
0
0
0
0
0
0
73
57
0
57
23
237
0
6
3
0
0
0
24
0
0
0
0
0
0
0
0
0
46
4
0
0
6
0
0
18
0
0
0
35
0
0
34
0
0
82
0
0
47
0
126
74
127
245
128
370
208
146
123
216
29
223
109
0
0
22
0
0
88
23
1
21
0
0
20
767
669
78
331
349
313
638
582
325
374
344
121
422
1,246
6,709
4,023
5,596
4,875
4,411
5,858
4,900
4,658
4,492
7,194
8,630
10,570
6,289
0
0
0
0
12
0
2
0
0
0
26
2
11
0
100
0
0
4
1
95
0
1
26
272
0
146
0
209
0
0
31
25
0
33
0
0
0
57
656
353
270
345
236
78
413
200
816
527
884
273
715
1,358
6,552
6,112
6,889
6,876
6,123
5,362
6,084
5,315
6,193
5,330
3,407
5,381
6,777
716
1,509
3,728
1,986
1,012
160
485
1,550
2,120
2,717
1,842
1,419
4,033
14,330
12,225
16,559
13,974
11,672
11,819
11,765
12,372
13,332
16,151
14,451
18,145
19,269
Middle East Africa
34
90
51
149
45
90
119
164
122
31
118
19
2,271
0
3
0
0
0
8
0
0
0
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
117
139
18
131
98
30
14
37
55
131
0
109
66
22
20
0
0
3
58
36
284
230
244
721
116
0
Oceania E. Europe
0
0
0
2
0
0
18
0
0
0
0
0
0
55
14
43
66
44
33
26
36
1
54
0
78
8
47
8
9
33
80
41
104
17
30
33
29
54
0
0 45
9 184
0 136
10 0
0 77
0 9
0 78
0 133
1 93
0 21
0 172
0 191
0 139
51
9
0
0
120
0
0
42
0
0
0
3
0
10
0
6
0
1
0
22
0
0
0
25
0
0
0
0
0
19
0
0
67
0
83
32
0
0
0
0
50
0
7
17
0
11
0
0
0
19
0
18
10
0
1
0
0
0
0
0
0
0
26
0
0
357
432
212
268
441
171
377
550
493
515
992
551
230
0
18
24
0
7
177
6
50
122
36
21
52
21
0
13
21
60
32
21
15
90
64
0
0
0
39
Note: These data are U.S. Commerce Dept. data and are believed to be overstated due to classification problems with newsprint.
26
RISI
Paper Trader - January 2009
Table 18 Monthly Monitor of Newsprint Demand 000 Tonnes Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
US Consumption All Users Seas. Adj. % Change Not Seas. Adj. % Change Year-Ago Daily Newspapers Seas. Adj. % Change Not Seas. Adj. % Change Year-Ago
627 -2.0 641 -16.1
627 -0.1 614 -7.3
593 -5.3 573 -7.0
595 0.3 591 -10.8
593 -0.4 615 -11.7
576 -3.0 574 -12.8
564 -2.0 550 -13.7
556 -1.5 542 -15.2
557 0.2 530 -13.4
535 -4.0 534 -19.1
528 -1.2 580 -16.8
520 -1.5 540 -18.0
514 -1.2 516 -19.5
493 -2.4 505 -19.4
487 -1.2 482 -11.6
468 -3.8 448 -11.6
463 -1.2 464 -15.0
464 0.3 483 -13.8
449 -3.2 444 -15.3
441 -1.8 429 -14.9
433 -1.7 426 -15.6
438 1.1 412 -14.7
413 -5.8 415 -20.8
409 -1.1 447 -18.3
398 -2.6 408 -20.8
382 -4.0 386 -23.5
US Consumer Inventories All Users Seas. Adj. Change Not Seas. Adj. Change From Year-Ago Daily Newspapers Seas. Adj. Change Not Seas. Adj. Change From Year-Ago
743 -18 707 -127
738 -4 759 -119
749 10 773 -101
779 30 799 -73
777 -2 779 -45
800 23 778 -52
788 -12 777 -48
777 -11 805 -29
767 -10 807 -35
806 38 809 35
786 -20 755 19
775 -10 735 15
799 24 761 54
647 -26 616 -137
659 13 678 -132
674 14 696 -104
679 6 697 -84
681 2 683 -53
699 17 680 -36
679 -20 669 -60
689 10 713 -23
685 -4 720 -21
700 16 703 12
687 -13 660 6
667 -20 632 -5
683 17 651 35
US Consumer Inventory Days of Supply All Users Seas. Adj. Not Seas. Adj. Daily Newspapers Seas. Adj. Not Seas. Adj.
37 36
39 39
39 40
41 40
41 42
42 43
43 45
43 46
44 45
46 44
46 43
46 44
46 45
41 40
43 44
43 45
45 45
46 48
48 48
48 49
49 53
50 51
53 50
54 50
54 51
55 53
Mill Inventories Canadian Seas. Adj. Change Not Seas. Adj. Change From Year-Ago US Seas. Adj. Change Not Seas. Adj. Change From Year-Ago
361 43 311 41
301 -61 303 -44
255 -46 280 -128
295 40 298 -96
286 -9 293 -129
276 -10 282 -119
278 2 265 -119
262 -16 278 -144
283 20 307 -127
284 1 280 -94
267 -17 260 -78
286 19 268 -29
277 -9 237 -74
60 -3 52 -4
57 -3 50 -15
57 1 56 -16
59 2 52 -19
55 -3 53 -21
60 5 68 1
68 8 63 -7
71 3 71 -21
81 9 102 3
79 -2 88 7
78 -2 76 19
95 17 94 31
96 2 83 31
Total of Mill & US Consumer Inventories Inventory Seas. Adj. Change Not Seas. Adj. Change From Year-Ago Days of Supply Seas. Adj. Not. Seas. Adj.
1,164 23 1,070 -89
1,096 -68 1,112 -178
1,061 -35 1,110 -245
1,132 72 1,150 -187
1,119 -14 1,125 -195
1,137 18 1,128 -170
1,135 -2 1,105 -173
1,111 -24 1,154 -193
1,131 20 1,216 -160
1,169 38 1,176 -52
1,130 -38 1,090 -40
1,156 26 1,097 17
1,172 16 1,081 11
39 38
39 39
38 40
40 39
40 40
40 40
40 40
40 43
41 42
42 40
43 40
44 42
44 42
Note: All-user consumption and inventory figures are PPPC estimates. Daily newspaper figures are from NAA with RISI estimates of days of supply.
RISI
27
Paper Trader - January 2009
Table 19 Newsprint Pricing for Standard Newsprint US Dollars per Tonne, Delivered Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
Jan 2009
C o mpo s i te Tran s ac ti o n Pri c e Fo r All B uyers 48.8 Gram East Coast % Change % Over Year-Ago West Coast % Change % Over Year-Ago
580 1.8 -10.2
595 2.6 -4.5
615 3.4 0.5
634 3.1 4.4
652 2.8 8.7
672 3.1 13.3
691 2.8 19.1
710 2.7 24.1
728 2.5 28.6
745 2.3 33.0
760 2.0 36.2
771 1.4 35.3
763 -1.0 31.6
750 -1.7 26.1
576 1.8 -10.0
592 2.8 -3.9
613 3.5 1.5
634 3.4 5.8
650 2.5 9.8
670 3.1 14.5
690 3.0 20.2
710 2.9 25.2
726 2.3 29.6
741 2.1 33.5
743 0.3 34.1
745 0.3 31.6
735 -1.3 27.6
718 -2.3 21.3
East Coast % Change % Over Year-Ago
619 1.8 -10.2
635 2.6 -4.5
657 3.4 0.5
677 3.1 4.4
696 2.8 8.7
717 3.1 13.3
738 2.8 19.1
758 2.7 24.1
777 2.5 28.6
795 2.3 33.0
811 2.0 36.2
823 1.4 35.3
815 -1.0 31.6
801 -1.7 26.1
West Coast % Change % Over Year-Ago
615
632
654
677
694
715
737
758
775
791
793
795
785
766
1.8 -10.0
2.8 -3.9
3.5 1.5
3.4 5.8
2.5 9.8
3.1 14.5
3.0 20.2
2.9 25.2
2.3 29.6
2.1 33.5
0.3 34.1
0.3 31.6
-1.3 27.6
-2.3 21.3
Jan 2009
45 Gram
W es tern E uro pean N ews pri n t (4 5 G ram) Pri c es (per To n n e)
Germany Euro US$ % Change % Over Year-Ago France Euro US$ % Change % Over Year-Ago Italy Euro US$ % Change % Over Year-Ago United Kingdom UKP US$ % Change % Over Year-Ago
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
550
550
550
528
528
528
528
528
528
528
528
528
528
801 -0.8 15.5
810 1.2 18.8
812 0.2 15.4
820 1.0 12.5
832 1.5 11.9
822 -1.3 10.5
822 0.1 11.3
832 1.3 10.2
790 -5.1 5.4
757 -4.1 -1.0
701 -7.5 -10.5
673 -3.9 -16.7
714 6.0 -10.9
545
545
545
520
520
520
520
520
520
520
520
520
520
793 -0.8 16.0
803 1.2 19.3
804 0.2 18.7
807 0.3 11.8
819 1.5 11.2
809 -1.3 9.8
809 0.1 10.6
819 1.3 9.5
778 -5.1 4.7
746 -4.1 -1.6
690 -7.5 -11.1
663 -3.9 -17.2
703 6.0 -11.5
550
550
550
530
530
530
530
530
530
530
530
530
530
801 -0.8 16.6
810 1.2 19.9
812 0.2 19.3
822 1.3 12.9
835 1.5 12.3
824 -1.3 10.8
825 0.1 11.7
835 1.3 10.6
792 -5.1 5.7
760 -4.1 -0.7
703 -7.5 -10.2
675 -3.9 -16.4
716 6.0 -10.6
380
380
365
360
360
360
360
360
360
360
360
360
360
766 -2.6 8.1
749 -2.3 5.9
717 -4.2 -0.5
721 0.5 -0.8
713 -1.0 -5.6
707 -0.8 -6.2
708 0.1 -6.2
716 1.1 -7.4
679 -5.1 -11.1
647 -4.7 -15.6
607 -6.2 -21.9
552 -9.1 -29.9
535 -3.1 -30.2
Note: Prices are estimated by RISI based on monthly market surveys. Prices reflect the average price paid by all buyers, most of which are contract sales. Spot prices and prices for small buyers may be different and more volatile. The very largest buyers will generally receive additional discounts below the prices shown above.
28
RISI
Paper Trader - January 2009
Table 20 Newsprint Forecast 000 Tonnes, Seasonally Adjusted Unless Otherwise Specified 08:I
08:II
08:III
08:IV
09:I
09:II
09:III
09:IV
2005
2006
2007
2008
2009
2010
US Demand Consumption (Seas. Adj.) % Change (Annual Rate) Consumption (Not Seas. Adj.) % Over Year-Ago
1,833 -15.3 1,777 -8.4
1,728 -21.0 1,739 -12.7
1,635 -19.9 1,606 -16.0
1,563 -16.6 1,636 -18.1
1,521 -10.3 1,473 -17.1
1,485 -9.1 1,493 -14.2
1,458 -6.9 1,431 -10.9
1,438 -5.5 1,504 -8.1
9,375 -5.3 9,375 -5.3
8,767 -6.5 8,767 -6.5
7,841 -10.6 7,841 -10.6
6,758 -13.8 6,758 -13.8
5,901 -12.7 5,901 -12.7
5,589 -5.3 5,589 -5.3
750 30 799 -73
757 7 777 -48
785 27 809 35
774 -11 761 54
752 -22 801 1
721 -31 739 -38
688 -33 709 -100
656 -32 645 -116
940 -87 927 -87
847 -93 834 -93
720 -127 707 -127
774 54 761 54
656 -118 645 -116
591 -65 581 -64
21
15
14
15
11
11
11
10
190
142
79
64
43
45
897 -5.3 232 -8.1 444 -1.4
811 -16.0 227 -9.1 476 -4.2
783 -14.0 225 -9.9 509 6.1
726 -19.4 224 -8.9 524 16.6
701 -21.9 218 -6.0 512 15.3
670 -17.3 215 -5.4 505 6.2
656 -16.3 213 -5.2 499 -2.1
645 -11.2 213 -5.0 490 -6.4
4,753 -6.2 1,063 1.0 1,972 -2.0
4,289 -9.8 1,043 -1.8 1,782 -9.7
3,725 -13.2 998 -4.4 1,876 5.3
3,218 -13.6 908 -9.0 1,953 4.1
2,672 -17.0 859 -5.4 2,006 2.7
2,492 -6.7 846 -1.5 1,951 -2.7
Shipments (Seas. Adj.) % Change (Annual Rates) Shipments (Not Seas. Adj.) % Over Year-Ago
1,573 -5.7 1,533 -4.8
1,514 -14.2 1,532 -11.4
1,517 0.9 1,513 -7.4
1,474 -10.9 1,501 -7.8
1,431 -11.2 1,397 -8.9
1,391 -10.8 1,404 -8.3
1,367 -6.5 1,362 -10.0
1,348 -5.6 1,374 -8.5
7,788 -4.3 7,788 -4.3
7,114 -8.7 7,114 -8.7
6,599 -7.2 6,599 -7.2
6,078 -7.9 6,078 -7.9
5,537 -8.9 5,537 -8.9
5,289 -4.5 5,289 -4.5
Capacity Shipments/Capacity Strike-Adjusted
1,641 0.96 0.96
1,605 0.94 0.94
1,576 0.96 0.96
1,553 0.95 0.95
1,551 0.92 0.92
1,498 0.93 0.93
1,483 0.92 0.92
1,457 0.93 0.93
8,130 0.96 0.96
7,669 0.93 0.95
7,241 0.91 0.91
6,375 0.95 0.95
5,989 0.92 0.92
5,579 0.95 0.95
146 22.2 945 -5.5
155 6.6 910 -7.6
178 18.3 865 -9.5
173 21.1 810 -16.4
172 18.2 786 -16.8
171 10.5 772 -15.1
163 -8.6 759 -12.3
158 -9.0 751 -7.3
548 11.0 4,345 -5.8
491 -10.4 4,243 -2.4
558 13.8 3,910 -7.8
652 16.8 3,530 -9.7
664 1.8 3,068 -13.1
595 -10.4 2,986 -2.7
Shipments (Seas. Adj.) % Change (Annual Rates) Shipments (Not Seas. Adj.) % Over Year-Ago
1,091 -7.6 1,082 -2.9
1,065 -9.2 1,048 -5.7
1,043 -7.8 1,046 -5.4
983 -21.1 1,006 -11.6
958 -9.8 947 -12.5
943 -6.1 929 -11.4
921 -9.0 925 -11.6
909 -5.4 931 -7.5
4,893 -4.2 4,893 -4.2
4,733 -3.3 4,733 -3.3
4,469 -5.6 4,469 -5.6
4,182 -6.4 4,182 -6.4
3,732 -10.8 3,732 -10.8
3,581 -4.0 3,581 -4.0
Capacity Shipments/Capacity
1,158 0.94
1,144 0.93
1,134 0.92
1,124 0.88
1,033 0.93
1,031 0.91
1,004 0.92
988 0.92
5,109 0.96
4,971 0.95
4,759 0.94
4,560 0.92
4,057 0.92
3,782 0.95
740 -3.2
716 -3.2
701 -2.2
696 -0.7
600 10.3
655 9.2
585 -10.6
695 18.7
713 2.7
716 0.4
Inventories (Seas. Adj.) Change Inventories (Not Seas. Adj.) Change Over Year-Ago Overseas Imports Canadian Supply Shipments to US % Over Year-Ago Shipments to Canada % Over Year-Ago Overseas Exports % Over Year-Ago
US Supply Exports % Over Year-Ago Shipments to US % Over Year-Ago
US Newsprint Transaction Price 48.8 Gram East Coast % Change West Coast % Change 45 Gram East Coast % Change West Coast % Change
($US/tonne) 615 8.0
672 9.3
728 8.3
765 5.1
613
670
726
741
710
690
679
676
600
649
579
687
689
698
8.4
9.3
8.3
2.1
-4.2
-2.8
-1.7
-0.4
10.3
8.3
-10.8
18.7
0.2
1.3
656 8.0 654 8.4
717 9.3 715 9.3
777 8.3 775 8.3
816 5.1 791 2.1
790 -3.2 758 -4.2
765 -3.2 737 -2.8
748 -2.2 724 -1.7
743 -0.7 722 -0.4
640 10.3 640 10.3
699 9.2 693 8.3
625 -10.6 618 -10.8
742 18.7 734 18.7
761 2.7 735 0.2
764 0.4 745 1.3
Data Sources: PPPC, NAA, and RISI
RISI
29
Paper Trader - January 2009
Table 21 US Newsprint Demand, Supply, and Availability Thousand Tonnes Imports From: Shipments NSADJ.
%CHYA
SADJ.
2006:1
428
-2.9%
2006:2
362
-4.3%
2006:3
401
2006:4 2006:5
Canada
Apparent
Other
Exports
Shipments/
Consumption
Capacity
%CH
NSADJ.
SADJ.
NSADJ.
NSADJ.
SADJ.
SADJ.
Capacity
SADJ.
402
2.6%
398
388
16
47
46
760
418
96%
391
-2.8%
358
374
9
29
39
735
418
93%
-5.9%
396
1.4%
388
375
14
44
45
740
418
95%
408
0.4%
407
2.7%
355
358
9
42
41
733
417
98%
386
-3.0%
399
-1.9%
351
356
19
35
36
738
417
96%
2006:6
376
-11.3%
384
-3.8%
366
379
10
35
36
737
417
92%
2006:7
405
-4.8%
392
2.0%
352
352
16
50
43
717
412
95%
2006:8
374
-2.5%
389
-0.6%
358
356
13
38
39
720
412
95%
2006:9
372
-4.4%
380
-2.4%
334
340
10
41
39
691
412
92%
2006:10
416
-3.3%
389
2.5%
338
337
11
40
36
701
410
95%
2006:11
388
-1.3%
392
0.8%
342
338
9
42
44
696
410
96%
2006:12
419
4.9%
413
5.2%
350
336
6
48
48
706
410
101%
4,733
-3.3%
4,734
-3.2%
4,289
4,289
142
491
491
8,675
4,971
95%
4,733
-3.3%
4,734
-3.2%
4,289
4,289
142
491
491
8,675
4,971
95%
2007:1
402
-6.0%
377
-8.7%
334
325
6
37
36
672
402
94%
2007:2
354
-2.1%
382
1.3%
287
299
6
34
46
641
402
95%
2007:3
358
-10.7%
354
-7.3%
328
318
12
38
40
644
402
88%
2007:4
370
-9.2%
369
4.0%
318
322
2
42
41
652
396
93%
2007:5
375
-2.7%
388
5.2%
328
333
10
48
50
681
396
98%
2007:6
366
-2.6%
375
-3.3%
311
323
5
50
51
652
396
95%
2007:7
375
-7.3%
364
-2.9%
317
317
6
50
43
645
395
92%
2007:8
364
-2.6%
378
3.8%
308
307
5
57
55
635
395
96%
2007:9
365
-1.9%
373
-1.2%
274
280
7
55
52
608
395
95%
2007:10
403
-3.1%
376
0.7%
309
308
4
56
51
637
393
96%
2007:11
360
-7.2%
362
-3.6%
314
310
11
42
45
638
393
92%
2007:12
374
-10.6%
369
2.0%
298
284
4
47
48
609
393
94%
4,469
-5.6%
4,469
-5.6%
3,725
3,725
79
558
558
7,714
4,758
94%
4,469
-5.6%
4,469
-5.6%
3,725
3,725
79
558
558
7,714
4,758
94%
2008:1
387
-3.7%
363
-1.7%
314
305
9
45
45
632
386
94%
2008:2
338
-4.5%
365
0.5%
290
302
3
44
59
610
386
95%
2008:3
357
-0.4%
354
-3.1%
295
286
9
44
46
603
386
92%
2008:4
360
-2.8%
358
1.2%
285
288
3
53
52
598
381
94%
2008:5
343
-8.6%
354
-1.1%
265
269
9
44
46
586
381
93%
2008:6
345
-5.6%
354
0.1%
254
264
2
54
55
566
381
93%
2008:7
364
-3.1%
353
-0.2%
264
264
6
64
55
568
378
93%
2008:8
336
-7.8%
348
-1.5%
259
258
5
68
63
547
378
92%
2008:9
346
-5.3%
354
1.7%
249
255
2
62
58
553
378
94%
2008:10
357
-11.5%
333
-6.0%
255
254
3
89
81
509
375
89%
2008:11
336
-6.8%
337
1.4%
230
227
7
53
56
515
375
90%
2008:12
313
-16.4%
309
-8.5%
12 Months 2008 % Ch. From 2007
4,182
Total Yr 2006 12 Months 2006
Total Yr 2007 12 Months 2007
-6.4%
4,182 -6.4%
258
245
5
35
35
524
375
82%
3,218
3,218
64
652
652
6,812
4,562
92%
-13.6%
-13.6%
-19.3%
16.8%
16.8%
-11.7%
-4.1%
NSADJ. - Not seasonally adjusted SADJ. - Seasonally adjusted %CHYA - Percent change over the year-ago month %CH - Percent change over the previous month Data Sources: PPPC and RISI
30
RISI
Paper Trader - January 2009
Table 22 Canadian Newsprint Demand, Supply, and Availability Thousand Tonnes Exports To: Shipments
Apparent
US
Other
Shipments/
Imports Consumption
%CHYA
SADJ.
%CH
NSADJ.
SADJ.
NSADJ.
SADJ.
NSADJ.
2006:1
608
-5.0%
629
-1.8%
398
388
129
146
2.8
97
642
98%
2006:2
555
-9.2%
610
-2.9%
358
374
115
135
2.2
104
642
95%
2006:3
652
-7.8%
608
-0.4%
388
375
169
144
2.7
91
642
95%
2006:4
594
-10.2%
597
-1.8%
355
358
151
153
3.0
89
639
93%
2006:5
590
-10.8%
582
-2.5%
351
356
144
139
1.9
88
639
91%
2006:6
609
-6.3%
602
3.5%
366
379
154
144
2.1
82
639
94%
2006:7
564
-8.1%
572
-5.0%
352
352
129
140
3.0
83
638
90%
2006:8
614
-6.8%
605
5.8%
358
356
173
168
2.7
84
638
95%
2006:9
567
-15.0%
576
-4.9%
334
340
148
139
2.1
99
638
90%
2006:10
563
-10.2%
559
-3.0%
338
337
133
137
3.1
88
637
88%
2006:11
585
-8.9%
570
2.0%
342
338
152
153
2.6
82
637
90%
2006:12
612
-5.3%
605
6.2%
350
336
184
184
2.4
88
637
95%
7,114
-8.7%
7,114
-8.6%
4,289
4,289
1,782
1,782
31
1,074
7,669
93%
7,114
-8.7%
7,114
-8.6%
4,289
4,289
1,782
1,782
31
1,074
7,669
93%
2007:1
524
-13.9%
541
-10.6%
334
325
110
125
2.9
94
615
88%
2007:2
484
-12.9%
534
-1.2%
287
299
124
146
2.1
91
615
87%
2007:3
603
-7.5%
563
5.3%
328
318
189
162
2.3
85
615
91%
2007:4
554
-6.7%
558
-0.8%
318
322
149
152
2.6
87
608
92%
2007:5
596
1.0%
588
5.3%
328
333
182
178
2.0
79
608
97%
2007:6
579
-5.0%
573
-2.5%
311
323
184
173
2.4
80
608
94%
2007:7
547
-3.0%
557
-2.7%
317
317
150
162
2.5
81
606
92%
2007:8
559
-8.9%
551
-1.1%
308
307
168
165
2.8
82
606
91%
2007:9
527
-7.1%
534
-3.0%
274
280
173
161
2.5
96
606
88%
2007:10
562
-0.3%
557
4.3%
309
308
164
169
3.6
84
585
95%
2007:11
560
-4.3%
545
-2.1%
314
310
157
160
3.0
79
585
93%
2007:12
505
-17.5%
497
-8.9%
298
284
126
125
2.5
91
585
85%
6,599
-7.2%
6,599
-7.2%
3,725
3,725
1,876
1,876
31
1,029
7,241
91%
6,599
-7.2%
6,599
-7.2%
3,725
3,725
1,876
1,876
31
1,029
7,241
91%
2008:1
534
1.9%
550
10.7%
314
305
144
162
2.8
86
547
101%
2008:2
507
4.8%
562
2.0%
290
302
145
172
3.9
92
547
103%
2008:3
493
-18.3%
459
-18.2%
295
286
127
108
4.9
70
547
84%
2008:4
516
-6.8%
519
13.0%
285
288
153
154
4.5
81
535
97%
2008:5
514
-13.7%
504
-2.8%
265
269
170
163
4.5
77
535
94%
2008:6
502
-13.3%
494
-2.1%
254
264
172
158
3.6
75
535
92%
2008:7
513
-6.1%
523
5.9%
264
264
176
187
3.6
75
524
100%
2008:8
484
-13.5%
474
-9.2%
259
258
155
150
3.7
71
524
90%
2008:9
516
-2.2%
521
9.9%
249
255
190
175
4.0
95
524
99%
2008:10
520
-7.4%
515
-1.3%
255
254
179
182
4.1
82
518
99%
2008:11
463
-17.3%
450
-12.5%
230
227
154
158
3.6
69
518
87%
2008:12
517
2.4%
507
12.6%
12 Months 2008 % Ch. From 2007
6,078
Total Yr 2006 12 Months 2006
Total Yr 2007 12 Months 2007
-7.9%
6,078 -7.9%
SADJ.
Capacity
NSADJ.
Capacity
SADJ.
258
245
188
183
3.2
82
518
98%
3,218
3,218
1,953
1,953
46
954
6,374
95%
-13.6%
-13.6%
4.1%
4.1%
48.5%
-7.2%
-12.0%
NSADJ. - Not seasonally adjusted SADJ. - Seasonally adjusted %CHYA - Percent change over the year-ago month %CH - Percent change over the previous month Data Sources: PPPC and RISI
RISI
31
Paper Trader - January 2009
Table 23 US Newsprint Imports by Country of Origin Tonnes Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Imports
319,655 300,803 322,330 294,098 307,980 286,177 272,252 258,284 270,112 261,611 259,865 256,097 234,926
Canada
314,000 298,000 314,000 290,000 295,000 285,000 265,000 254,000 264,000 259,000 249,000 255,000 230,000
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
344
0
0
0
0
0
0
0
18
1
0
0
0
0
29
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14
258
0
0
0
0
23
0
0
0
0
0
0
0
0
0
0
3,469
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
23
0
0
0
1
0
0
0
0
0
3,005
19
4,304
0
3,024
160
2,096
1,327
6,405
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,995
0
2,489
0
0
0
2,496
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31
1,995
3,005
2,508
4,304
23
3,038
2,932
2,097
1,328
9,874
0
370
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
349
46
340
98
83
256
0
358
49
520
346
100
199
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
353
46
340
98
83
256
0
358
49
520
346
100
199
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Oceania E. Europe
0
0
0
0
0
0
0
0
0
0
0
0
0
5,271
757
4,985
1,492
8,593
898
4,213
994
3,965
747
595
997
4,357
0 0
0 4
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 16
0 0
0 0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,271
762
4,985
1,492
8,593
898
4,213
994
3,966
763
645
997
4,357
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
Note: Canadian imports in this table are PPPC data
32
RISI
Paper Trader - January 2009
Table 24 US Newsprint Exports by Country of Destination Tonnes
Total Exports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
59,288
57,413
56,662
62,725
52,979
60,005
72,588
92,312
92,967
95,423
97,152 109,851
66,445
6,713
4,217
4,581
8,589
9,615
10,450
10,169
7,891
7,465
7,202
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16
132
0
0
9
0
0
0
0
0
50
0
67
38
0
0
0
0
0
0
0
0
0
0
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
48
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22
0
0
0
34
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
148
1,182
3,905
3,271
1,157
0
196
0
144
0
0
0
0
848
1,577
245
695
738
308
1,023
2,177
617
975
3,067
2,139
2,607
1,050
2,925
4,150
3,966
1,952
353
1,219
2,177
780
975
3,139
2,146
2,674
10,253
15,275
13,557
13,844
14,307
13,088
13,017
15,515
14,863
13,081
13,492
11,188
12,501
3,537
1,156
830
1,516
1,388
866
2,353
2,178
3,008
5,259
8,836
1,888
1,506
1,185
2,104
1,946
2,130
3,270
2,777
2,803
3,275
4,976
3,684
4,156
5,797
3,336
38
0
0
38
0
0
0
0
79
0
346
186
0
0
0
94
465
289
23
408
137
457
0
0
6,341
362
6,831
7,249
6,181
8,788
8,740
6,418
5,520
5,629
9,599
7,578
13,736
12,380
10,366
19,182
8,781
11,831
838
1,978
1,467
2,405
1,371
2,609
3,326
750
3,683
6,681
2,631
3,796
2,722
24,639
29,253
24,312
25,918
26,254
28,962
29,485
35,591
39,446
39,071
48,643
37,977
32,258
Middle East Africa
1,171
502
907
769
311
2
149
191
599
1,363
3,755
11,803
3,935
129
1,095
2,635
1,289
219
0
493
677
2,749
1,267
452
1,619
1,636
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
1,613
451
107
0
25
32
558
511
1,801
547
1,873
753
154
5,032
4,270
4,692
7,284
1,410
3,080
12,476
23,504
18,959
21,681
21,514
21,563
8,464
Oceania E. Europe
0
0
0
0
0
0
0
0
0
0
0
0
0
14,180
13,436
13,538
11,801
11,774
14,187
13,733
15,368
13,855
14,263
6,185
21,592
6,344
0
0
0
0
0
0
122
551
0
0
0
0
0
0 0
0 0
0 0
0 0
0 0
0 19
0 0
0 4
0 0
0 0
0 0
0 481
0 329
0
0
0
0
0
0
0
0
0
0
0
0
0
102
102
97
0
0
678
1,773
1,156
2,223
1,835
0
1,131
0
98
50
0
0
0
0
197
2,253
3,593
3,990
2,741
1,125
1,618
0
0
144
0
0
178
0
41
0
0
26
1,011
2,125
1,539
482
22
0
0
0
0
494
469
51
14
2
0
22,564
18,791
18,600
19,085
13,209
18,174
28,859
43,882
40,900
42,367
32,353
47,658
19,034
3,022
630
1,477
3,109
1,419
2,064
2,214
1,903
1,028
3,178
1,979
1,399
706
0
0
0
0
0
0
0
0
0
0
0
0
21
Note: These data are U.S. Dept. of Commerce data and differ from PPPC data shown in tables 28, 29, and 30.
RISI
33
Paper Trader - January 2009
Table 25 US Newsprint Imports by Entry Port Excluding Imports From Canada Tonnes
Total Imports FROM: Portland, ME St. Albans, VT Boston, MA Providence, RI Bridgeport, CT Ogdensburg, NY Buffalo, NY New York, NY Philadelphia, PA Baltimore, MD Norfolk, VA Charleston, SC Savannah, GA Tampa, FL Mobile, AL New Orleans, LA Port Arthur, TX Laredo, TX El Paso, TX San Diego, CA Nogales, AZ Los Angeles, CA San Francisco, CA Portland, OR Seattle, WA Anchorage, AK Honolulu, HI Great Falls, MT Pembina, ND Minneapolis, MN Duluth, MN Milwaukee, WI Detroit, MI Chicago, IL Other Midwest Cleveland, OH St. Louis, MO San Juan, PR U.S. Virgin Islands Miami, FL Houston-Galveston, TX Washington, DC Dallas-Ft. Worth, TX
34
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
5,655
2,803
8,330
4,098
12,980
1,177
7,252
4,284
6,112
2,611
10,865
1,097
4,926
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
4
0
0
0
0
0
0
6
0
0
0
29
0
0
0
0
0
14
276
1
0
0
0
23
0
0
3,005
0
4,132
0
3,024
0
2,096
1,327
6,405
0
344
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,995
0
2,489
0
0
0
2,496
0
0
0
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,271
758
4,985
1,492
8,593
898
4,213
994
3,965
757
4,064
997
4,357
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
349
46
340
117
255
256
0
518
49
520
346
100
199
0
0
0
0
0
23
0
0
0
0
50
0
0
2
0
0
0
0
0
0
0
0
1
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
RISI
09
Paper Trader A Monthly Monitor of the North American Graphic Paper Market • US printing and writing paper demand plunged 18% in the final quarter of 2008, the worst decline on record except for one similar quarter in early 1975. However, unlike 1975, demand will not recover, but will stay on a downward trend. After falling 9% in 2008, we are predicting another 5% drop in 2009. • Newsprint is even worse with so many papers facing cuts in circulation, advertising and web widths, while others are cutting frequency of delivery and merging competing editions. Newsprint demand will fall 13% in 2009, similar to the decline posted for 2008. • Pricing is coming down, but it is not collapsing as producers are remaining firm and shutting capacity to prevent a repeat of the slide in prices and profitability that endured for so long following the 2001 recession. Coated mechanical prices have dropped the most among the graphic paper grades so far, with prices $80-100 off of the late 2008 peaks. Uncoated freesheet is holding up better than most other grades with very little price erosion registered over the past few months. Newsprint started to see some more significant reductions in January with averages down about $15, although declines of $30 or more were seen depending upon where the price was for the particular buyer. There was quite a range of prices among buyers at the end of 2008.
Coated Papers • Another month of horrendous demand in December has set the stage for an extremely weak start to 2009 • The enticement of much lower prices did not generate the hoped-for resurgence of orders in January • First quarter 2009 will post a bleak 16% drop in demand followed by a 10% decline in the second quarter • Demand will improve in the second half of 2009 due to inventory, economic recovery and the benefit of dismal year-ago comparisons • Prices are dropping hard in the first quarter of 2009, but downtime will temper the rate of further decline in the second quarter, followed by some stabilization and maybe even a slight recovery by the end of 2009 Coated paper demand hemorrhaged in December, dropping 28% below year-ago levels. Based on the various end-use indicators, we estimate that true consumption was down about 1215%, so part of the decline was clearly due to inventory. In fact, some of the people responding to the price survey had not placed an order for the past 30 days and did not have a price to report because they were using existing inventory. To subscribe or contact client service, visit www.risiinfo.com
Paper Trader - January 2009
Figure 1 US Monthly Inventory of Ctd. Mechanical Papers 000 Short Tons, Seasonally Adjusted Latest Data: December 2008 1000 900 800 700 600
Mill
500 400 300
Printer
200 100 0
20 08
20 07
20 06
20 05
20 04
20 03
20 02
20 01
Data Sources: PPPC, IDEAlliance, seasonally adjusted by RISI
Coated mechanical inventory is dropping (Figure 1), but given the new lower level of true consumption, inventories are still too high and will need to be cut another 200,000 tons or more over the next few months. Thus, demand will stay weak until the summer quarter. At that time, demand will come back to coincide with the actual levels of consumption, but the actual level of consumption is now far below where it was 6 months ago. We show coated paper demand dropping 16% in the first quarter of 2009 and 10% in the second quarter. The second half of 2009 will look much better from a demand perspective. The economy will eke back into positive growth territory, although GDP will be anemic. The inventory correction will have ended, and the year-ago comparisons will be boosted by an extremely weak year-end 2008 comparison. Year-over-year demand will actually show a 6% gain in the forth quarter of 2009, but there will be a big asterisk to note that this is in comparison to a 24% drop that was posted in the fourth quarter of 2008. Prices are dropping hard in the first quarter of 2009. New program tonnage is being signed at $20-21 off of list prices. The average net selling prices is not yet at this level, but it is certainly headed in that direction. The average net selling price will shortly come down to the level where new business is being contracted today. We estimate that average prices have now dropped $85-100 from their peak levels attained in late 2008. We expected this level of decline, but it appears to be happening more quickly than predicted, so we have reduced our price projections for 2009 by $20-30 per ton compared to last month. Producers will continue to act quickly to stem the extent of further price drops by taking downtime and possibly even announcing additional permanent closures over the next few months. We expect prices to ease down further in the second quarter of 2009, then stabilize in the third quarter. There is the possibility that producers might even try to recover some of the price drop by announcing a price increase in the fourth quarter of 2009, but that depends heavily on where demand settles out once this inventory correction is completed and how far prices drop between now and then. 2
RISI
Paper Trader - January 2009
Figure 2 Coated Mechanical Paper Prices vs. Operating Rates Real Prices ($2008)
Shipments/Capacity
1,400
1.06
1,350
1.03
1,300
1.00
1,250
0.97
1,200
0.94
1,150
0.91
1,100
0.88
1,050
0.85
1,000
0.82
950
Coated No. 5 Price ($2008)
0.79
900
Operating Rate (lagged 4 months)
0.76
850
0.73
800
0.70 J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J M 04 05 06 07 08 09
Uncoated Freesheet • Uncoated freesheet demand closed out 2008 with a nasty 14% drop in demand in the final quarter of the year, bring the total year down to a decline of 8.1% • Accelerating job losses in the financial sector pose a major risk to the demand outlook, and we reduced our forecast for 2009 to show another 5.5% decline • Some of the major suppliers are holding firm on prices and taking downtime to limit the extent of price erosion • Offshore suppliers have dropped their uncoated freesheet prices into the US market due to the weaker euro and are looking to expand sales on this continent in 2009 US uncoated freesheet demand had already been on a downward trend since 1999, but the drop at the end of 2008 was the worst on record. Demand plunged 14% in the final quarter of the year and brought the final tally for the year down to a decline of 8.1%. Operating rates, which had been running in the mid-90s for most of the year, fell to the mid-80s at the end of 2008 while many suppliers took extensive marketrelated downtime. The accelerating job losses in the financial sector pose a major downward risk to the forecast in 2009. Never have we had so many job losses over such a short period of time, and these layoffs are concentrated in industries that typically use a lot of business papers. Thus, we reduced our forecast further in 2009 and now show a 5.5% decline, and we still think that the risk to 2009 lies on the downside for demand. Most of the major producers have held the line on pricing despite the weak demand levels, hoping to prevent a return to the sharp losses that were so prevalent for such a long period of time after the 2001 recession. Prices trended down for a full three years after the 2001 recession and did not begin an earnest recovery until mid-2004 when permanent capacity closures finally shored up the market. Thus, the price survey showed another month of very modest price erosion in January. RISI
3
Paper Trader - January 2009
Figure 3 Uncoated Freesheet Paper Prices vs. Operating Rates Real Prices ($2008)
Shipments/Capacity 1.00
1,150 Offset Roll Real Price ($2008) Operating Rate (lagged 4 months)
1,050
0.96
950
0.92
850
0.88
750
0.84
0.80
650 J MM J S N J MM J S N J MM J S N J MM J S N J MM J S N J M 04 05 06 07 08 09
There is some heavy discounting in the offset roll market, led by coated paper producers who are lifting coaters and trying to generate some cash flow from unneeded coated paper capacity. However, this tonnage is very tiny and has really not brought down the average net selling price by nearly as much as the anecdotal evidence would indicate. Probably more important is a downward move in imported paper prices from Europe, Brazil and Asia. The weakening euro has led to US prices now sitting quite a bit above prices in Europe, particularly in the UK.
Figure 4 US Offshore Imports of Uncoated Freesheet Tons per Month 75,000 70,000 65,000 60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0
Asia Latin America Europe & Other
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
4
RISI
Paper Trader - January 2009
Figure 5 US Offshore Imports of Coated Freesheet Tons per Month 150,000 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0
Asia Latin America Europe
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
Figure 6 US Offshore Imports of Coated Mechanical Tons per Month 130,000 120,000 110,000 100,000
Asia Latin America Europe
90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
RISI
5
Paper Trader - January 2009
Figure 7 US Apparent Consumption of Uncoated Freesheet Paper Seasonally Adjusted, Annual Rate 14.5 14.0 13.5 13.0 12.5 12.0 11.5 11.0 10.5 10.0 9.5 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
At the same time, 500,000 tonnes of new capacity is scheduled to come on line soon in Portugal, so there is ample desire for European suppliers to find an outlet for excess supply and they are looking to the US market for relief. Many offshore producers cut their list prices by $40 a ton in order to generate some additional sales in the declining US market. So far this has not caused a collapse in US pricing, but it will surely lead to some downward trend in US prices for the next few months as suppliers battle for a shrinking pot of orders. We are anticipating further capacity closures in the coming months as producers try to shore up the slippage in both the European and North American markets. However, most of the fat has already been trimmed, and further cuts to capacity in North America will increasingly slice into healthy operations and will thus become increasingly difficult.
Uncoated Mechanical • The demand for uncoated mechanical papers plunged 21% at the end of 2008 • Demand will also drop in 2009, but much less so than other grades of paper • Prices actually increased in January for some grades of uncoated mechanical paper as new contracts were implemented with some of the increases that were already in place for other buyers in 2008 Uncoated mechanical demand was not immune from the year-end collapse in the market. Demand plunged 21% in the final few months of the year, and resulted in a net 3% drop in demand for the year as a whole for a market that had been posting growth all year up until the last few months. Inventory correction was a major factor as retailers and printers prepared for a very somber outlook for 2009.
6
RISI
Paper Trader - January 2009
Figure 8 US Apparent Consumption of Coated and Uncoated Mechanical Paper Seasonally Adjusted, Annual Rate 7.1
Million Tons
6.6
6.1
5.6
5.1 Coated Freesheet Coated Mechanical Uncoated Mechanical
4.6
4.1 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
Figure 9 Producer Inventories of Printing and Writing Papers 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 0
Days of Supply Uncoated Freesheet Coated Mechanical Coated Freesheet Uncoated Mechanical
J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
RISI
7
Paper Trader - January 2009
Uncoated mechanical demand is likely to decline another 3% in 2009, but this will be quite a bit better than most other grades of paper. The directory market has stabilized after a year that saw demand drop 10% due to page count reductions. SC demand is holding up well as buyers look for cheaper grades of paper. Most SC mills are operating fairly close to capacity except for one large mill that is indefinitely idle. There have even been some reports of coated paper producers making SC-B on coated mechanical paper machines. Prices for directory paper bumped up by about 6- 7% in January as many of the large RBOC contracts that prevented any price increase in 2008 were implemented with new higher prices for 2009. These price increases were already in place for the spot market in 2008. Spot prices have actually weakened recently, and dropped slightly below contract prices in early 2009.
Newsprint Total US consumption of newsprint ended 2008 with an unprecedented 19.5% year-over-year plunge in December, posting the worst single-month decline we have on record and retreating to levels not seen since the 1960s. The drop in newsprint consumption by US dailies was even more severe as levels plummeted 23.5% in the final month of 2008 with the decline amplified by one less Sunday compared to December 2007. For 2008 as a whole, total US consumption was down 13.8%, which translates into a loss of 1.1 million tonnes. One surprising number coming out of the December data was the rise in consumer inventories, particularly given the sharp drop in consumption and the prospects for further erosion in newsprint prices. US consumer inventories advanced 23,000 tonnes in December compared to the previous month and were 54,000 tonnes higher than year-ago levels. Although consumer inventory purchasing combined with a strong 28.3% surge in offshore shipments allowed North American producers to trim 42,000 tonnes from their inventories in December, fully stocked consumer warehouses could prove troublesome for producers in the coming months as they continue their efforts to balance supply with the relentless decline in demand.
Figure 10 US Consumption of Newsprint Seasonally Adjusted, Annual Rate
10.2
Million Tonnes
9.8 9.4 9.0 8.6 8.2 7.8 7.4 7.0 6.6 6.2 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
8
RISI
Paper Trader - January 2009
Figure 11 Combined Newsprint Inventory of North American Mills and Consumers Days of Supply (Seasonally Adjusted) 48 46 44 42 40 38 36 34 32 J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N 04 05 06 07 08
The continued evaporation of domestic demand combined with the threat of a consumer inventory correction obviously has North American newsprint producers nervous, and the list of production curtailments seems to grow longer on a weekly basis. The latest include Catalyst's plan to cut production through downtime by 55,000 tonnes in the first quarter of 2009. All major producers have announced significant supply reductions in 2009 with many stipulating the withdrawal of capacity will continue until market conditions improve, indicating their determination to maintain market balance and prevent a precipitous drop in newsprint prices. Despite producers' diligent supply management, US newsprint prices will remain under pressure throughout the year as production costs retreat while producers battle for a share of an increasingly smaller market. Not surprisingly, the erosion in prices that began in December has continued with the start of 2009. The RISI average US East Coast price index for 48.8-gram newsprint dropped $13 to $750 per tonne, while the West Coast average declined $17 to $718 in January. US newsprint prices will continue to track lower throughout 2009, but we remain convinced that producers will fiercely defend profit margins by removing sufficient supply to prevent prices from plummeting back to cash-costs levels. We expect to see the RISI average US East Coast price index for 48.8-gram newsprint settle at $696 per tonne at the end of 2009.
© Paper Trader provides economic analysis of printing and writing paper markets and is edited by John Maine and Kevin Conley. Subscriptions: Call 781.734.8934 (USA & Canada) or +32.2.536.0747 (outside the USA & Canada), email [email protected] or visit www.risiinfo.com. Client Service: Call 781.734.8918 (USA & Canada) or +32.2.536.0748 (outside the USA & Canada), or email [email protected]. Editorial offices: 4 Alfred Circle, Bedford, MA 01730-2340 USA. Copyright 2009 by RISI. All rights reserved. No part of this publication may be reproduced without the written permission of the copyright owner. DISCLAIMER OF WARRANTY Although RISI, Inc. shall use its best efforts to provide accurate and reliable information, RISI, Inc. does not warrant the accuracy thereof. RISI, Inc. MAKES NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ITS SERVICES AND MAKES NO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. RISI, Inc. SUPPLIES ALL SERVICES ON AN “AS IS” BASIS. If notified of an error in its Services, RISI, Inc. shall take reasonable steps to correct such an error.
RISI
9
Paper Trader - January 2009
Table 1 US Printing and Writing Paper Demand Indicators Indices Commercial Printing & Support (2002=1)
Magazine Ad Pages (1982=1) NSADJ.
%CHYA
SADJ.
%CH
Index
%CHYA
Periodical, Book & Other Publishers (2002=1) Index
%CHYA
2006:1
0.993
-0.3%
0.968
-6.0%
2006:2
0.990
0.3%
0.954
-5.1%
2006:3
0.992
0.8%
0.958
-4.0%
2006:4
1.005
2.0%
0.975
-1.7%
2006:5
0.992
0.0%
0.958
-4.9%
2006:6
1.04
0.5%
0.952
-4.3%
0.991
-0.8%
0.942
-4.0%
2006:8
0.987
-0.4%
0.932
-5.4%
0.989
-0.9%
0.932
-5.3%
0.999
1.0%
0.956
-3.8%
2.3%
1.23
-2.1%
0.993
1.18
-0.8%
1.22
2006:7 2006:9
1.29
0.6%
1.24
1.2%
1.1%
2006:10 2006:11
Catalogs Mailed Millions %CHYA
4,842
2.0%
4,898
2.2%
4,873
0.2%
0.997
1.1%
0.947
-3.0%
2006:12
1.39
-2.0%
1.21
-2.5%
1.016
3.7%
0.941
-3.0%
4,933
4.5%
Total Yr. 2006 YTD 2006
1.23
-0.1%
1.23
-0.1%
0.995
0.6%
0.951
-4.2%
19,546
2.2%
1.23
-0.1%
1.23
-0.1%
0.995
0.6%
0.951
-4.2%
14,613
1.5%
1.012
1.9%
0.949
-1.9% 4,871
0.6%
4,830
-1.4%
4,789
-1.7%
2007:1 2007:2 2007:3
1.06
1.3%
1.24
1.8%
2007:4 2007:5
1.015
2.5%
0.969
1.6%
1.013
2.1%
0.978
2.1%
1.008
0.3%
0.981
0.6%
0.995
0.3%
0.980
2.3%
0.987
-0.6%
0.990
4.0%
2007:7
0.984
-0.7%
0.992
5.3%
2007:8
0.991
0.5%
0.987
5.9%
2007:6
2007:9
1.27
1.15
-1.6%
-2.1%
1.21
1.21
-1.8%
0.996
0.7%
0.991
6.2%
2007:10
0.0%
0.989
-1.0%
0.975
2.0%
2007:11
0.994
-0.3%
0.967
2.1%
2007:12
1.40
0.1%
1.21
0.0%
0.990
-2.6%
0.972
3.3%
4,771
-3.3%
Total Yr. 2007 YTD 2007
1.22
-0.6%
1.22
-0.6%
0.998
0.3%
0.978
2.8%
19,261
-1.5%
1.22
-0.6%
1.22
-0.6%
0.998
0.3%
0.978
2.8%
14,490
-0.8%
2008:1
0.984
-2.8%
0.979
3.2%
2008:2
0.973
-4.2%
0.984
1.5%
0.984
-2.8%
0.990
1.2%
4,696
-3.6%
0.974
-3.4%
0.961
-2.0% 4,540
-6.0%
4,465
-6.8%
2008:3
0.99
-6.4%
1.15
-5.0%
2008:4 2008:5 2008:6
1.16
-9.0%
1.10
-4.5%
2008:7 2008:8 2008:9
1.00
-12.9%
1.05
-4.6%
2008:10 2008:11 2008:12
YTD 2008 % Ch. From 2007
1.16
-17.1%
1.00
-4.6%
0.970
-2.5%
0.962
-1.8%
0.942
-4.6%
0.973
-1.7%
0.926
-5.9%
0.957
-3.5%
0.940
-5.1%
0.955
-3.2%
0.932
-6.4%
0.954
-3.7%
0.929
-6.1%
0.959
-1.7%
0.919
-7.6%
0.956
-1.1%
0.893
-9.8%
0.934
-3.9%
1.08
1.08
0.947
0.964
13,701
-11.7%
-11.7%
-5.1%
-1.4%
-5.4%
Catalog data are RISI estimates based on mail volume statistics and are reported quarterly at quarterly rates, seasonally adjusted. Magazine ad page index created by RISI from PIB data.
10
RISI
Paper Trader - January 2009
Table 2 US Coated Freesheet Demand, Supply, and Availability Thousand Tons Apparent Shipments
Consumption
NSADJ.
%CHYA
SADJ.
%CH
Imports
2006:1
411.7
14.1%
413.8
6.2%
137.6
2006:2
372.8
2.6%
402.3
-2.8%
2006:3
436.5
4.2%
419.0
4.2%
2006:4
369.0
9.1%
398.9
2006:5
402.3
20.1%
2006:6
425.8
2006:7
397.3
2006:8
457.8
Exports
Shipments/
SADJ.
Capacity
Capacity
45.2
506.2
442.7
93%
121.9
42.3
481.9
442.7
91%
157.0
53.4
522.6
442.7
95%
-4.8%
158.9
40.4
517.4
442.3
90%
422.5
5.9%
153.8
43.5
532.8
442.3
96%
7.3%
414.8
-1.8%
153.6
44.5
523.9
442.3
94%
2.3%
402.3
-3.0%
140.8
46.6
496.5
442.3
91%
4.4%
421.3
4.7%
142.5
52.0
511.8
442.3
95%
2006:9
447.7
3.8%
418.2
-0.7%
135.7
48.9
505.0
442.3
95%
2006:10
444.8
6.8%
412.7
-1.3%
128.3
50.6
490.4
441.3
94%
2006:11
386.5
7.7%
416.7
1.0%
133.0
46.5
503.2
441.3
94%
2006:12
415.5
9.5%
425.5
2.1%
123.6
44.5
504.6
441.3
96%
4,967.7
7.4%
4,968.0
7.4%
1,686.7
558.4
6,096.3
5,305.8
94%
4,967.7
7.4%
4,968.0
7.4%
1,686.7
558.4
6,096.3
5,305.8
94%
2007:1
418.1
1.6%
421.0
-1.1%
117.4
52.1
486.3
438.3
96%
2007:2
389.0
4.3%
419.6
-0.3%
111.4
46.1
484.9
438.3
96%
2007:3
428.3
-1.9%
409.3
-2.5%
102.4
61.5
450.2
438.3
93%
2007:4
388.7
5.3%
420.3
2.7%
100.3
55.6
465.0
435.0
97%
2007:5
387.0
-3.8%
406.8
-3.2%
110.1
55.8
461.1
435.0
94%
2007:6
424.7
-0.3%
413.2
1.6%
94.2
48.6
458.8
435.0
95%
2007:7
406.8
2.4%
414.5
0.3%
95.4
57.6
452.3
420.0
99%
2007:8
441.7
-3.5%
406.5
-1.9%
100.6
57.6
449.5
420.0
97%
2007:9
433.5
-3.2%
405.5
-0.2%
92.9
53.5
444.9
420.0
97%
2007:10
471.4
6.0%
433.2
6.8%
98.0
59.7
471.5
417.0
104%
2007:11
400.2
3.5%
430.3
-0.7%
94.7
56.6
468.4
417.0
103%
2007:12
407.4
-1.9%
416.4
-3.2%
86.7
44.3
458.8
417.0
100%
4,996.8
0.6%
4,996.6
0.6%
1,204.1
649.0
5,551.7
5,130.9
97%
4,996.8
0.6%
4,996.6
0.6%
1,204.1
649.0
5,551.7
5,130.9
97%
2008:1
387.4
-7.3%
390.3
-6.3%
87.1
60.3
417.1
416.3
94%
2008:2
365.9
-5.9%
395.1
1.2%
74.4
56.1
413.4
416.3
95%
2008:3
418.9
-2.2%
399.6
1.1%
79.2
61.0
417.8
416.3
96%
2008:4
373.6
-3.9%
404.6
1.3%
78.2
60.2
422.6
413.7
98%
2008:5
366.5
-5.3%
385.8
-4.6%
76.1
51.5
410.4
413.7
93%
2008:6
395.2
-6.9%
384.7
-0.3%
75.8
45.6
414.9
413.7
93%
2008:7
373.7
-8.1%
382.0
-0.7%
75.1
61.0
396.1
409.0
93%
2008:8
384.8
-12.9%
354.4
-7.2%
72.0
61.9
364.4
409.0
87%
2008:9
418.7
-3.4%
392.3
10.7%
71.6
65.1
398.8
409.0
96%
2008:10
398.8
-15.4%
364.3
-7.1%
78.4
59.4
383.3
398.7
91%
2008:11
322.2
-19.5%
346.1
-5.0%
90.3
55.9
380.5
398.7
87%
2008:12
306.0
-24.9%
312.5
-9.7%
84.3 e
57.6 e
339.2
398.7
78%
12 Months 2008 % Ch. From 2007
4,511.7
4,758.6
4,913.1
92%
-14.3%
-4.2%
Total Year 2006 12 Months 2006
Total Year 2007 12 Months 2007
-9.7%
4,511.7 -9.7%
942.5 -21.7%
695.6 7.2%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI.
RISI
11
Paper Trader - January 2009
Table 3 US Coated Mechanical Demand, Supply and Availability Thousand Tons Apparent Shipments NSADJ.
%CHYA
SADJ.
Consumption %CH
Imports
Exports
SADJ.
Shipments/ Capacity
Capacity
2006:1
386.5
0.0%
390.6
1.6%
144.6
24.0
511.2
393.0
99%
2006:2
341.3
-4.4%
372.7
-4.6%
122.6
23.7
471.6
393.0
95%
2006:3
389.7
0.3%
385.9
3.5%
133.1
28.5
490.5
393.0
98%
2006:4
333.6
-3.7%
373.4
-3.2%
129.8
27.6
475.6
394.7
95%
2006:5
360.0
-4.6%
377.8
1.2%
140.3
29.1
489.0
394.7
96%
2006:6
382.8
-8.0%
372.2
-1.5%
149.3
22.8
498.7
394.7
94%
2006:7
359.5
-9.0%
364.0
-2.2%
155.8
24.0
495.8
389.3
93%
2006:8
407.9
-9.8%
375.6
3.2%
186.5
30.0
532.1
389.3
96%
2006:9
392.5
0.1%
374.7
-0.2%
165.3
30.9
509.1
389.3
96%
2006:10
417.1
-0.2%
381.5
1.8%
180.8
34.5
527.8
390.3
98%
2006:11
374.4
-4.9%
375.2
-1.7%
153.0
33.5
494.7
390.3
96%
2006:12
372.1
-2.4%
373.8
-0.4%
149.4
23.6
499.6
390.3
96%
4,517.4
-4.0%
4,517.4
-4.0%
1,810.5
332.2
5,995.7
4,702.0
96%
4,517.4
-4.0%
4,517.4
-4.0%
1,810.5
332.2
5,995.7
4,702.0
96%
2007:1
355.9
-7.9%
359.8
-3.7%
130.1
28.9
461.0
396.7
91%
2007:2
340.1
-0.4%
372.5
3.5%
149.9
33.5
488.9
396.7
94%
2007:3
373.8
-4.1%
368.3
-1.1%
157.5
39.9
485.9
396.7
93%
2007:4
331.5
-0.6%
373.6
1.4%
154.1
33.5
494.2
398.3
94%
2007:5
361.6
0.4%
380.5
1.8%
153.8
37.0
497.3
398.3
96%
2007:6
389.8
1.8%
380.3
-0.1%
151.2
36.2
495.3
398.3
95%
2007:7
415.4
15.5%
423.2
11.3%
193.8
36.7
580.3
396.7
107%
2007:8
437.4
7.2%
403.4
-4.7%
211.6
36.5
578.5
396.7
102%
Total Year 2006 12 Months 2006
2007:9
410.6
4.6%
394.1
-2.3%
185.1
35.7
543.5
396.7
99%
2007:10
436.7
4.7%
395.6
0.4%
173.7
39.2
530.1
401.7
98%
2007:11
397.6
6.2%
397.5
0.5%
126.2
39.8
483.9
401.7
99%
2007:12
413.0
11.0%
414.5
4.3%
138.3
30.9
521.9
401.7
103%
4,663.4
3.2%
4,663.3
3.2%
1,925.3
427.8
6,160.8
4,780.2
98%
4,663.4
3.2%
4,663.3
3.2%
1,925.3
427.8
6,160.8
4,780.2
98%
2008:1
403.1
13.3%
406.5
-1.9%
125.8
33.2
499.2
404.7
100%
2008:2
367.8
8.1%
402.3
-1.0%
117.1
32.4
487.0
404.7
99%
2008:3
409.8
9.6%
400.2
-0.5%
142.4
31.7
511.0
404.7
99%
2008:4
369.5
11.5%
415.9
3.9%
129.9
30.7
515.1
404.3
103%
2008:5
331.3
-8.4%
346.5
-16.7%
126.3
33.1
439.7
404.3
86%
2008:6
339.3
-13.0%
330.0
-4.8%
115.6
27.7
417.9
404.3
82%
2008:7
335.9
-19.1%
340.7
3.2%
132.6
35.2
438.2
384.3
89%
2008:8
345.6
-21.0%
316.5
-7.1%
115.9
31.1
401.3
384.3
82%
2008:9
371.5
-9.5%
354.7
12.1%
121.0
35.2
440.5
384.3
92%
2008:10
352.0
-19.4%
315.1
-11.2%
132.2
33.0
414.3
363.7
87%
2008:11
261.5
-34.2%
259.7
-17.6%
113.0
29.8
342.9
363.7
71%
2008:12
277.9
-32.7%
277.2
6.7%
122.6 e
31.4 e
368.4
363.7
76%
12 Months 2008 % Ch. From 2007
4,165.2
384.3
5,275.5
4,671.0
89%
-10.2%
-14.4%
-2.3%
Total Year 2007 12 Months 2007
-10.7%
4,165.3
1,494.5
-10.7%
-22.4%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI.
12
RISI
Paper Trader - January 2009
Table 4 US Uncoated Freesheet Demand, Supply, and Availability Thousand Tons Apparent Shipments NSADJ.
%CHYA
SADJ.
Consumption %CH
Imports
Exports
SADJ.
Shipments/ Capacity
Capacity
2006:1
1,064
4.4%
1,042
4.1%
128.5
81.4
1,090
1,098
95%
2006:2
992
1.0%
1,035
-0.7%
109.9
78.3
1,067
1,098
94%
2006:3
1,086
-3.4%
1,025
-0.9%
124.5
91.3
1,058
1,098
93%
2006:4
1,002
0.4%
1,004
-2.0%
122.7
81.1
1,046
1,112
90%
2006:5
1,039
4.9%
1,036
3.2%
101.7
85.1
1,053
1,112
93%
2006:6
1,037
5.3%
1,030
-0.6%
123.8
81.4
1,072
1,112
93%
2006:7
992
2.0%
1,001
-2.8%
117.9
81.6
1,037
1,110
90%
2006:8
1,094
3.9%
1,042
4.1%
119.9
86.0
1,076
1,110
94%
2006:9
1,002
3.9%
1,022
-1.9%
117.4
79.6
1,060
1,110
92%
2006:10
1,046
2.3%
1,020
-0.2%
133.0
90.6
1,062
1,115
91%
2006:11
979
3.4%
1,027
0.7%
109.3
81.2
1,055
1,115
92% 91%
2006:12
973
1.5%
1,020
-0.7%
105.7
84.7
1,041
1,115
12,304
2.4%
12,304
2.4%
1,414.3
1,002.3
12,716
13,305
92%
12,304
2.4%
12,304
2.4%
1,414
1,002
12,716
13,305
92%
2007:1
1,041
-2.2%
1,012
-0.8%
103.5
78.9
1,036
1,107
91%
2007:2
949
-4.3%
986
-2.5%
97.9
81.4
1,003
1,107
89%
2007:3
1,050
-3.3%
994
0.8%
105.3
85.3
1,014
1,107
90%
2007:4
1,031
2.9%
1,033
3.9%
99.6
80.7
1,052
1,082
96%
2007:5
1,028
-1.0%
1,027
-0.6%
109.4
81.5
1,055
1,082
95%
2007:6
972
-6.3%
964
-6.1%
96.0
81.5
978
1,082
89%
2007:7
990
-0.2%
1,001
3.8%
103.6
85.9
1,018
1,040
96%
2007:8
1,039
-5.1%
991
-1.0%
105.1
89.4
1,006
1,040
95%
2007:9
957
-4.5%
977
-1.4%
101.3
78.6
1,000
1,040
94%
2007:10
1,019
-2.5%
994
1.8%
102.7
87.6
1,009
1,027
97%
2007:11
935
-4.5%
982
-1.2%
106.4
81.0
1,008
1,027
96%
Total Year 2006 12 Months 2006
2007:12
926
-4.8%
975
-0.8%
108.9
77.5
1,006
1,027
95%
11,935
-3.0%
11,936
-3.0%
1,239.7
989.3
12,186
12,767
93%
11,935
-3.0%
11,936
-3.0%
1,240
989.3
12,186
12,767
93%
2008:1
1,014
-2.6%
981
0.7%
116.5
80.4
1,017
1,021
96%
2008:2
945
-0.3%
983
0.2%
106.8
85.2
1,004
1,021
96%
2008:3
931
-11.3%
885
-9.9%
99.5
78.8
906
1,021
87%
2008:4
940
-8.8%
943
6.5%
97.4
75.1
965
1,008
93%
2008:5
914
-11.1%
912
-3.2%
97.5
78.0
932
1,008
90%
2008:6
958
-1.5%
950
4.1%
106.8
81.3
975
1,008
94%
2008:7
940
-5.0%
952
0.2%
100.9
89.5
963
987
96%
2008:8
945
-9.0%
902
-5.3%
93.4
93.7
902
987
91%
2008:9
905
-5.4%
924
2.5%
110.8
86.6
949
987
94%
2008:10
910
-10.7%
888
-4.0%
92.4
85.4
895
986
90%
2008:11
773
-17.3%
813
-8.4%
88.1
70.6
831
986
83%
2008:12
808
-12.8%
852
4.7%
90.2 e
78.0 e
864
986
86%
11,203
12,006
91%
-8.1%
-6.0%
Total Year 2007 12 Months 2007
12 Months 2008 % Ch. From 2007
10,985
10,985
-8.0%
-8.0%
1,200.2 -3.2%
982.4 -0.7%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI.
RISI
13
Paper Trader - January 2009
Table 5 US Uncoated Mechanical Demand, Supply, and Availability Thousand Tons Apparent Consumption
Shipments NSADJ.
%CHYA
SADJ.
2006:1
161.3
18.8%
2006:2
147.0
4.9%
2006:3
176.8
2006:4 2006:5
Shipments/
%CH
Imports
Exports
178.1
7.7%
319.8
166.3
-6.6%
335.8
8.9%
169.5
1.9%
390.8
157.0
0.8%
156.6
-7.6%
357.9
9.9
504.6
170.0
92%
152.5
2.3%
160.0
2.2%
406.9
7.7
559.2
170.0
94%
2006:6
151.6
-6.6%
155.2
-3.0%
371.1
8.5
517.8
170.0
91%
2006:7
163.6
-1.2%
157.4
1.4%
339.9
9.2
488.1
170.3
92%
2006:8
155.8
-4.1%
156.5
-0.6%
381.4
9.8
528.1
170.3
92%
2006:9
167.9
3.9%
160.4
2.5%
369.7
13.9
516.2
170.3
94%
2006:10
185.7
19.3%
163.0
1.6%
416.8
12.1
567.7
170.3
96%
2006:11
154.1
4.1%
154.3
-5.3%
365.5
6.4
513.4
170.3
91%
2006:12
160.3
-5.1%
156.2
1.2%
334.0
5.9
484.3
170.3
92%
1,933.6
3.5%
1,933.5
3.5%
4,389.6
118.6
6,204.5
2,041.8
95%
1,933.6
3.5%
1,933.5
3.5%
4,389.6
118.6
6,204.5
2,041.8
95%
2007:1
155.5
-3.6%
171.0
9.5%
342.9
8.4
505.5
177.0
97%
2007:2
144.1
-2.0%
163.1
-4.6%
337.3
9.2
491.2
177.0
92%
2007:3
177.9
0.6%
169.9
4.2%
384.5
13.8
540.6
177.0
96%
2007:4
179.4
14.3%
178.9
5.3%
364.0
13.7
529.2
177.0
101%
2007:5
159.0
4.3%
167.2
-6.5%
379.7
12.8
534.1
177.0
94%
2007:6
156.3
3.1%
160.5
-4.0%
332.4
14.8
478.1
177.0
91%
2007:7
167.5
2.4%
163.9
2.1%
344.7
12.4
496.2
179.5
91%
2007:8
166.0
6.6%
169.4
3.4%
385.3
16.3
538.4
179.5
94%
2007:9
193.0
15.0%
185.6
9.6%
368.8
12.3
542.1
179.5
103%
2007:10
211.3
13.8%
186.5
0.5%
393.2
14.4
565.3
186.6
100%
2007:11
191.8
24.5%
192.8
3.4%
378.3
13.2
557.9
186.6
103%
2007:12
207.7
29.6%
201.6
4.6%
336.5
8.7
529.4
186.6
108%
2,109.8
9.1%
2,110.4
9.1%
4,347.6
149.7
6,308.3
2,160.3
98%
2,109.8
9.1%
2,110.4
9.1%
4,347.6
149.7
6,308.3
2,160.3
98%
2008:1
173.3
11.4%
189.0
-6.3%
386.7
13.7
562.0
193.3
98%
2008:2
166.5
15.5%
187.9
-0.6%
341.8
12.4
517.3
193.3
97%
2008:3
195.4
9.8%
184.9
-1.6%
366.3
12.4
538.8
193.3
96%
2008:4
200.7
11.9%
199.3
7.8%
340.2
15.5
524.0
196.7
101%
2008:5
191.5
20.4%
199.9
0.3%
337.3
13.4
523.8
196.7
102%
2008:6
201.0
28.6%
205.9
3.0%
328.6
16.9
517.6
196.7
105%
2008:7
202.3
20.8%
198.1
-3.8%
329.7
13.7
514.1
198.3
100%
2008:8
184.6
11.2%
188.9
-4.6%
332.8
12.9
508.8
198.3
95%
2008:9
186.8
-3.2%
178.5
-5.5%
350.3
16.0
512.8
198.3
90%
2008:10
198.4
-6.1%
173.4
-2.9%
359.1
11.0
521.5
183.3
95%
2008:11
176.4
-8.0%
175.9
1.4%
277.3
11.0
442.2
183.3
96%
2008:12
147.4
-29.0%
142.4
-19.0%
432.2
183.3
78%
6,115.0
2,314.8
96%
-3.1%
7.2%
Total Year 2006 12 Months 2006
Total Year 2007 12 Months 2007
12 Months 2008 % Ch. From 2007
2,224.2
2,224.1
5.4%
5.4%
298.8 e 4,048.8 -6.9%
e = estimate; Data Sources: AF&PA, Commerce Dept., RISI, PPPC.
14
RISI
SADJ.
Capacity
Capacity
14.9
483.0
170.0
105%
9.6
492.5
170.0
98%
10.5
549.8
170.0
100%
9.0 e 157.9 5.5%
Paper Trader - January 2009
Table 6 Delivered Printing and Writing Paper Prices For Most Common Transactions US Dollars Per Ton Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2009
1,100 -0.9 930 -1.6 960 -1.0
1,095 -0.5 925 -0.5 960 0.0
US Prices Uncoated Freesheet Papers Std. No. 4 92 Brt Xerog. % 50 lb. Offset Rolls 92 Brt % 20 lb. Formbond % Average Value of Uncoated Free. Papers % Coated Papers Ctd. No. 1 80 lb. + Sheets % Coated No. 3 60 lb. Rolls % Ctd Grwd No.4 (78/80) 50 Lb. % Coated No. 5 34 lb. % Coated No. 5 40 lb. % Coated Papers Avg. Value % Coated Free. Avg. Value % Coated Grwd. Avg. Value %
1,000 0.0 850 0.0 870 0.0
1,020 2.0 850 0.0 875 0.6
1,050 2.9 880 3.5 900 2.9
1,055 0.5 900 2.3 920 2.2
1,055 0.0 900 0.0 920 0.0
1,060 0.5 905 0.6 925 0.5
1,095 3.3 935 3.3 950 2.7
1,110 1.4 945 1.1 960 1.1
1,115 0.5 955 1.1 970 1.0
1,115 0.0 950 -0.5 975 0.5
1,110 -0.4 945 -0.5 970 -0.5
1,013 3.7
947 -6.5
1,063 12.2
1,072 0.9
1,083 1.0
1,097 1.3
1,110 1.1
1,077 -2.9
1,104 2.5
1,099 -0.5
1,093 -0.5
1,500 0.0 1,000 2.0 990 4.8 1,040 5.1 910 5.8 962 4.8 1,005 2.9 930 7.2
1,500 0.0 1,005 0.5 990 0.0 1,040 0.0 910 0.0 981 1.9 1,016 1.1 954 2.6
1,500 0.0 1,005 0.0 990 0.0 1,040 0.0 910 0.0 980 0.0 1,021 0.5 946 -0.9
1,500 0.0 1,040 3.5 1,040 5.1 1,090 4.8 965 6.0 1,001 2.1 1,035 1.3 973 2.9
1,500 0.0 1,040 0.0 1,040 0.0 1,090 0.0 965 0.0 1,000 0.0 1,019 -1.5 983 1.1
1,500 0.0 1,040 0.0 1,040 0.0 1,090 0.0 965 0.0 1,010 0.9 1,034 1.5 985 0.2
1,550 3.3 1,075 3.4 1,050 1.0 1,105 1.4 980 1.6 1,002 -0.8 1,014 -1.9 990 0.5
1,550 0.0 1,080 0.5 1,055 0.5 1,115 0.9 990 1.0 1,038 3.7 1,069 5.4 1,013 2.3
1,550 0.0 1,080 0.0 1,060 0.5 1,120 0.4 995 0.5 1,032 -0.6 1,047 -2.1 1,020 0.7
1,550 0.0 1,100 1.9 1,060 0.0 1,120 0.0 995 0.0 1,022 -0.9 1,072 2.4 985 -3.4
1,550 0.0 1,080 -1.8 1,045 -1.4 1,100 -1.8 975 -2.0 1,035 1.2 1,056 -1.5 991 0.6
1,530 -1.3 1,060 -1.9 1,025 -1.9 1,070 -2.7 955 -2.1
1,500 -2.0 1,010 -4.7 975 -4.9 1,020 -4.7 910 -4.7
810 4.5 745 0.7 773 9.9
815 0.6 745 0.0 787 1.7
820 0.6 745 0.0 801 1.8
845 3.0 745 0.0 815 1.7
855 1.2 745 0.0 775 -5.0
855 0.0 745 0.0 811 4.7
885 3.5 755 1.3 835 2.9
895 1.1 755 0.0 835 0.0
905 1.1 755 0.0 843 0.9
905 0.0 755 0.0 833 -1.1
905 0.0 755 0.0 859 3.1
895 -1.1 755 0.0
890 -0.6 800 6.0
784 3.8 927 4.5 992 0.3 1,162 0.4 908 0.4
790 0.7 937 1.1 992 0.0 1,162 0.0 909 0.1
865 4.5 1,029 5.3 1,040 1.2 1,218 1.2 984 2.2
821 -5.1 976 -5.1 986 -5.1 1,156 -5.1 931 -5.4
787 -4.2 935 -4.2 944 -4.3 1,105 -4.4 897 -3.6
729 -7.3 867 -7.2 885 -6.3 1,020 -7.7 871 -2.9
696 -4.6 824 -5.0 838 -5.2 967 -5.2 827 -5.0
729 4.8 860 4.3 865 3.1 999 3.4 859 3.9
Uncoated Mechanical Papers 35 lb. SC-A % 22.1 lb. White Directory % Avg. Value Unc. Grwd. %
Price in Western Europe ($US/Ton) SC Gravure 60 gsm % LWC Gravure 60 gsm % Offset Paper 80 gsm % A4 Paper B-Grade 80 gsm % Coated Woodfree 100 gsm Rolls %
826 4.7 979 4.5 1,033 4.1 1,213 4.4 957 5.3
838 1.4 988 0.9 1,041 0.8 1,221 0.7 973 1.7
828 -1.2 977 -1.2 1,031 -0.9 1,209 -1.0 962 -1.2
828 0.1 977 0.1 1,027 -0.4 1,203 -0.5 962 0.1
Note: Prices are a composite of both spot and contract tonnage before standard discounts for payment terms. Copy paper prices are a composite of both branded and private label paper. Coated paper prices include merchant commissions for merchant grades and are eastern prices. Prices may be different in the west. Formbond prices represent a mix of white 20 lb. grades not just stock tab. Average value data comes from AF&PA and is the total Value of shipments/total tons of shipments.
RISI
15
Paper Trader - January 2009
Table 7 Printing and Writing Paper End-Use Market Indicators 08:I
08:II
08:III
08:IV
09:I
09:II
09:III
09:IV
2005
2006
2007
2008
2009
2010
Seasonally Adjusted Magazine Ad Page Index (1982=1.00) % %CHYA
1.152 1.100 1.050 1.002 1.027 1.014 1.014 1.011 1.228 1.226 1.218 1.076 1.016
1.019
-5.0 -6.7
-4.5 -9.3
-4.5 -13.4
-4.6 -17.4
2.5 -10.9
-1.2 -7.8
-0.1 -3.5
-0.3 0.9
0.5 0.5
-0.1 -0.1
-0.6 -0.6
-11.7 -11.7
-5.5 -5.5
0.2 0.2
Commercial Printing and Support (2002=1.00) % %CHYA
0.98 -1.1
0.96 -1.9
0.93 -3.0
0.91 -2.0
0.91 0.1
0.90 -1.6
0.89 -0.7
0.90 0.1
0.99 2.1
1.00 0.6
1.00 0.3
0.95 -5.1
0.90 -4.9
0.90 0.4
-3.3
-3.5
-5.8
-7.8
-6.7
-6.4
-4.2
-2.0
2.1
0.6
0.3
-5.1
-4.9
0.4
Periodical Book and Other Publishing (2002=1.00) % %CHYA
0.98 1.3
0.97 -1.9
0.96 -1.0
0.95 -0.6
0.94 -0.9
0.94 -0.5
0.94 0.8
0.94 0.0
0.99 1.7
0.95 -4.2
0.98 2.8
0.96 -1.4
0.94 -2.3
0.94 0.0
2.0
-1.9
-3.5
-2.3
-4.4
-3.0
-1.2
-0.6
1.7
-4.2
2.8
-1.4
-2.3
0.0
4.70 -1.5
4.55 -3.3
4.46 -2.0
4.42 -0.9
4.32 -2.2
4.26 -1.3
4.23 -0.7
4.20 19.12 19.55 19.26 18.12 17.01 -0.6 1.9 2.2 -1.5 -5.9 -6.1
16.82 -1.2
-3.6
-6.0
-6.8
-7.4
-8.1
-6.3
-5.1
-4.8
Catalogs Mailed (billions) % %CHYA
NOTE: % = Period-to-Period % Change %CHYA = % Change from Same Period in Previous Year
16
RISI
1.9
2.2
-1.5
-5.9
-6.1
-1.2
Paper Trader - January 2009
Table 8 US Total Printing and Writing Paper Summary 000 Tons 08:I
Consumption %CH Inventory Change Apparent Consumption %CH Coated Freesheet %CH Coated Mechanical %CH Uncoated Freesheet %CH Uncoated Mechanical %CH Total Imports Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical Total Exports Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical Total Shipments %CH Coated Freesheet %CH Coated Mechanical %CH Uncoated Freesheet %CH Uncoated Mechanical %CH Shipments (Not S. Adj.) %CHYA Coated Freesheet %CHYA Coated Mechanical %CHYA Uncoated Freesheet %CHYA Uncoated Mechanical %CHYA Capacity (strike adj.) Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical Shipments/Capacity Coated Freesheet Coated Mechanical Uncoated Freesheet Uncoated Mechanical
08:II
08:III
7,317 7,124 6,911 -8.5 -10.2 -11.4
08:IV
09:I
09:II
09:III
6,657 -13.9
6,482 -10.1
6,519 6,501 2.3 -1.1
09:IV
2005
2006
2007
2008
6,524 1.4
30,787 -0.2
30,488 -1.0
30,175 -1.0
28,008 26,025 26,229 -7.2 -7.1 0.8 -135
2010
-30
-57
-122
-451
-63
-35
-23
-15
-453
525
31
7,287 -15.4 1,251 -34.5 1,493 -12.3 2,932 -8.4 1,612 -12.8 2,044 241 385 323 1,095
7,067 -11.6 1,251 0.0 1,373 -28.3 2,889 -5.7 1,553 -13.8 1,910 230 372 302 1,006
6,788 -14.8 1,161 -25.8 1,274 -25.9 2,816 -9.7 1,537 -4.2 1,906 219 370 305 1,013
6,206 -30.1 1,095 -20.8 1,138 -36.4 2,566 -31.1 1,412 -28.8 1,827 253 368 271 935
6,419 14.4 1,124 11.0 1,194 21.5 2,632 10.7 1,468 16.9 1,879 222 360 298 999
6,484 4.1 1,119 -1.8 1,230 12.6 2,662 4.7 1,472 1.1 1,879 222 357 294 1,006
6,478 -0.4 1,114 -1.9 1,239 3.0 2,645 -2.7 1,480 2.1 1,895 225 361 299 1,010
6,509 1.9 1,124 3.7 1,249 3.0 2,650 0.9 1,486 1.5 1,916 229 358 313 1,017
30,335 -3.2 5,524 -2.8 5,988 -3.0 12,553 -6.4 6,270 3.5 9,156 1,465 1,618 1,557 4,517
31,012 2.2 6,096 10.4 5,996 0.1 12,716 1.3 6,204 -1.1 9,301 1,687 1,811 1,414 4,390
30,206 -2.6 5,554 -8.9 6,159 2.7 12,185 -4.2 6,309 1.7 8,716 1,204 1,925 1,239 4,348
557 177 97 244 39
529 157 91 234 46
602 188 101 270 43
532 173 94 234 31
554 171 97 246 39
553 171 98 245 39
551 171 98 243 39
550 171 98 242 39
2,032 566 334 1,018 114
2,011 558 332 1,002 119
2,216 649 428 989 150
2,220 696 384 982 158
2,208 685 391 976 157
2,250 705 404 985 156
5,801 -13.1 1,188 -24.0 1,204 -3.2 2,853 -9.5 556 -24.5 5779 -0.7 1,172 -5.1 1,181 10.4 2,891 -4.9 535 12.1
5,686 -7.7 1,178 -3.1 1,093 -32.2 2,822 -4.4 593 29.8 5,580 -3.9 1,135 -5.4 1,040 -3.9 2,812 -7.2 593 19.9
5,484 -13.4 1,131 -15.2 1,006 -28.2 2,781 -5.6 567 -16.6 5,594 -7.6 1,177 -8.2 1,053 -16.7 2,791 -6.5 574 8.9
4,916 -35.4 1,015 -34.9 864 -45.6 2,529 -31.6 508 -35.6 4,933 -18.0 1,027 -19.7 891 -28.5 2,492 -13.5 522 -14.6
5,093 15.2 1,074 25.3 932 35.1 2,580 8.2 508 0.2 5,081 -12.1 1,062 -9.4 903 -23.5 2,632 -9.0 484 -9.6
5,158 5.2 1,069 -2.0 971 18.1 2,613 5.3 505 -2.4 5,067 -9.2 1,029 -9.4 925 -11.0 2,610 -7.2 503 -15.2
5,135 -1.8 1,060 -3.2 977 2.4 2,589 -3.7 509 3.2 5,255 -6.1 1,114 -5.4 1,023 -2.9 2,595 -7.0 524 -8.7
5,142 0.6 1,066 2.5 988 4.8 2,580 -1.5 508 -1.0 5,126 3.9 1,065 3.7 1,012 13.6 2,527 1.4 522 0.0
23,210 -1.8 4,624 -0.6 4,704 -0.7 12,015 -4.3 1,867 10.1 23,213 -1.8 4,626 -0.5 4,704 -0.7 12,016 -4.3 1,867 10.1
23,723 2.2 4,968 7.4 4,518 -4.0 12,304 2.4 1,933 3.5 23,723 2.2 4,968 7.4 4,517 -4.0 12,304 2.4 1,934 3.5
23,705 -0.1 4,999 0.6 4,661 3.2 11,935 -3.0 2,111 9.2 23,706 -0.1 4,997 0.6 4,663 3.2 11,935 -3.0 2,111 9.2
21,888 -7.7 4,512 -9.7 4,168 -10.6 10,985 -8.0 2,224 5.4 21,886 -7.7 4,512 -9.7 4,165 -10.7 10,985 -8.0 2,224 5.4
20,528 -6.2 4,269 -5.4 3,868 -7.2 10,361 -5.7 2,030 -8.7 20,530 -6.2 4,269 -5.4 3,864 -7.2 10,364 -5.7 2,033 -8.6
20,816 1.4 4,382 2.7 3,971 2.7 10,302 -0.6 2,161 6.5 20,814 1.4 4,384 2.7 3,968 2.7 10,303 -0.6 2,160 6.3
6,106 1,249 1,214 3,063 580
6,069 1,241 1,213 3,025 590
5,936 1,227 1,153 2,961 595
5,794 1,196 1,091 2,957 550
5,646 1,194 1,057 2,873 522
5,631 1,190 1,055 2,861 525
5,605 1,186 1,052 2,842 525
5,586 1,186 1,052 2,823 525
25,486 5,132 4,991 13,410 1,953
25,356 5,306 4,702 13,306 2,042
24,836 5,131 4,780 12,765 2,160
23,905 22,468 22,477 4,913 4,756 4,744 4,671 4,216 4,240 12,006 11,399 11,211 2,315 2,097 2,282
0.95 0.95 0.99 0.93 0.96
0.94 0.95 0.90 0.93 1.01
0.92 0.92 0.87 0.94 0.95
0.85 0.85 0.79 0.86 0.92
0.90 0.90 0.88 0.90 0.97
0.92 0.90 0.92 0.91 0.96
0.92 0.89 0.93 0.91 0.97
0.92 0.90 0.94 0.91 0.97
0.91 0.90 0.94 0.90 0.96
0.94 0.94 0.96 0.92 0.95
0.95 0.97 0.98 0.94 0.98
RISI
-659
2009
49
27,349 25,890 26,279 -9.5 -5.3 1.5 4,759 4,482 4,637 -14.3 -5.8 3.5 5,278 4,913 5,053 -14.3 -6.9 2.9 11,203 10,589 10,570 -8.1 -5.5 -0.2 6,115 5,906 6,019 -3.1 -3.4 1.9 7,686 7,570 7,713 942 897 959 1,495 1,436 1,486 1,200 1,204 1,253 4,049 4,032 4,014
0.91 0.92 0.89 0.91 0.96
0.91 0.90 0.92 0.91 0.97
17
0.93 0.92 0.94 0.92 0.95
Paper Trader - January 2009
Table 9 Printing and Writing Paper Price Summary US Dollars Per Ton Delivered to the US 08:I
08:II
08:III
08:IV
09:I
09:II
09:III
09:IV
2005
2006
2007
2008
2009
2010
Coated Paper Prices Coated No. 1 80 Lb. in Sheets %
1,500 1,500 1,550 1,543 1,500 1,500 1,500 1,500 0.0 0.0 3.3 -0.4 -2.8 0.0 0.0 0.0
1,500 0.0
1,500 0.0
1,500 0.0
1,523 1.6
1,500 -1.5
1,513 0.9
Coated No. 3 60 Lb. in Rolls %
1,003 1,040 1,078 1,080 1,010 1,000 1,000 1,005 3.1 3.7 3.7 0.2 -6.5 -1.0 0.0 0.5
868 11.7
909 4.7
928 2.1
1,050 13.2
1,004 -4.4
1,030 2.6
Ctd Grwd No.4(78/80)50 lb % Coated No. 5 34 Lb. in Rolls % Coated No. 5 40 Lb. in Rolls %
990 1,040 1,055 1,043 5.9 5.1 1.4 -1.1
970 -7.0
950 -2.1
950 0.0
970 2.1
897 14.9
916 2.1
878 -4.1
1,032 17.5
960 -7.0
1,019 6.1
1,040 1,090 1,113 1,097 1,010 6.1 4.8 2.1 -1.5 -7.9
990 -2.0
990 1,010 0.0 2.0
986 14.1
975 -1.1
923 -5.3
1,085 17.5
1,000 -7.8
1,064 6.4
910 7.3
965 6.0
988 2.4
975 -1.3
895 -8.2
875 -2.2
875 0.0
895 2.3
847 16.7
836 -1.3
786 -5.9
960 22.0
885 -7.8
939 6.1
882 1.3
922 4.5
960 4.2
968 0.9
950 -1.9
920 -3.2
920 0.0
920 0.0
767 3.8
828 8.0
852 2.8
933 9.5
928 -0.6
941 1.4
1,023 1,057 1,107 1,108 1,080 1,050 1,040 1,040 2.0 3.3 4.7 0.2 -2.6 -2.8 -1.0 0.0
804 1.7
890 10.8
981 10.2
1,074 9.5
1,053 -2.0
1,068 1.5
Uncoated Freesheet Prices 20 Lb. Formbond in Rolls % Std No 4 92 Brite Copy Paper 20 LB % No. 3 Offset 50 Lb. in Rolls %
860 1.0
902 4.8
945 4.8
942 -0.4
915 -2.8
895 -2.2
900 0.6
900 0.0
709 7.7
815 15.0
832 2.0
912 9.7
903 -1.1
928 2.8
787 10.3
800 1.7
838 4.6
851 1.6
866 1.8
863 -0.3
863 0.0
863 0.0
685 -11.1
730 6.5
713 -2.4
819 14.9
864 5.5
878 1.6
Supercalendered Paper 35 Lb. %
815 5.8
852 4.5
895 5.1
902 0.7
885 -1.8
880 -0.6
880 0.0
880 0.0
769 7.9
788 2.5
753 -4.4
866 15.0
881 1.8
920 4.4
White Directory 22.1 Lb. %
745 0.7
745 0.0
755 1.3
755 0.0
800 6.0
800 0.0
800 0.0
800 0.0
675 3.8
721 6.9
740 2.6
750 1.4
800 6.7
836 4.4
Uncoated Mechanical Prices Avg. Value of All Grades (Seas. Adj.) %
Note: Prices are a composite of both spot and contract tonnage before standard discounts for payment terms. Copy paper prices are a composite of both branded and private label paper. Coated paper prices include merchant commissions for merchant grades and are eastern prices. Prices may be different in the west. Formbond prices represent a mix of white 20 lb. grades not just stock tab. Average value data comes from AF&PA and is the total value of shipments divided by the total tons of shipments.
18
RISI
Paper Trader - January 2009
Table 10 US Coated Freesheet Imports by Country of Origin Tons
Total Imports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
94,657
86,689
87,079
74,352
79,198
78,243
76,096
75,774
75,134
71,952
71,641
78,409
90,276
884
0
5
3
8
6
10
443
250
425
84
195
455
3,638
4,549
4,117
3,223
2,682
3,131
2,471
2,684
2,733
1,487
1,542
1,785
2,227
40
97
55
19
20
4
23
32
10
26
31
0
0
15,149
12,549
12,007
10,065
12,778
11,088
11,959
12,878
10,501
7,132
10,204
8,296
11,530
4,425
2,277
3,199
1,689
1,247
1,781
2,014
3,436
2,605
2,342
1,322
3,688
3,587
8,939
10,146
8,707
6,152
5,674
6,132
6,400
6,777
7,617
8,274
6,504
6,755
8,153
8,793
4,510
5,776
6,022
6,649
5,905
4,582
6,603
5,934
5,793
4,231
8,510
7,608
2,887
1,807
1,866
1,457
690
791
1,599
1,307
998
707
536
530
1,345
0
0
0
0
0
0
0
0
0
0
0
0
0
164
107
53
82
159
152
77
26
134
291
0
0
0
5,992
4,803
1,917
2,976
2,845
2,650
3,610
2,315
3,284
3,890
3,580
2,567
5,342
1,174
877
1,574
856
1,121
808
1,141
632
847
773
744
506
1,269
20
83
0
30
126
152
58
122
140
24
137
20
65
24
22
63
69
78
44
200
44
29
61
104
32
74
202
120
140
207
130
335
237
316
201
229
87
245
207
51,445
41,947
39,474
32,847
34,198
32,974
34,372
37,173
35,030
31,029
29,020
32,933
41,406
3
49
24
1
7
45
7
17
2
0
20
22
3
139
84
0
84
195
168
166
0
220
171
0
0
0
0
0
54
0
0
0
22
0
0
0
0
0
0
0
0
0
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142
133
78
85
202
231
195
17
223
171
20
22
3
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
0
0
0
0
0
1
0
0
0
3
0
0
0
Oceania E. Europe
39
1
1
0
0
0
0
1
0
133
0
0
0
392
408
1,227
188
448
554
357
240
432
173
871
69
473
8,099
6,733
6,771
8,869
6,960
7,345
3,415
6,506
8,795
6,130
9,804
8,571
9,225
30,480
36,251
37,771
30,307
35,705
35,877
33,201
29,333
27,743
29,988
27,778
30,515
32,806
0 2,565
0 700
0 1,041
0 1,633
0 899
0 1,053
0 4,357
0 1,703
0 2,288
0 3,593
0 3,685
0 6,016
0 5,583
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
146
63
74
0
0
53
117
0
86
73
40
362
262
233
341
705
202
126
305
254
306
293
14
281
60
101
327
17
0
0
63
0
0
0
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
41,995
44,456
47,517
41,417
44,791
45,031
41,519
38,142
39,629
40,328
42,517
45,259
48,412
29
0
0
0
0
0
0
0
0
0
0
0
0
161
153
4
0
0
0
0
0
0
0
0
0
0
RISI
19
Paper Trader - January 2009
Table 11 US Coated Freesheet Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
56,628
44,317
60,297
56,113
60,955
60,191
51,464
45,626
60,998
61,915
65,116
59,395
55,877
Canada
35,277
23,267
33,068
33,848
35,515
34,933
32,912
27,476
37,257
35,681
37,107
38,381
34,840
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
0
0
0
0
0
0
0
0
723
282
517
437
563
234
211
443
851
198
40
268
438
6
20
18
0
0
7
21
0
21
0
11
0
0
117
51
0
0
61
505
94
228
208
117
451
287
28
537
1,163
568
545
708
295
193
165
225
708
412
635
1,370
31
165
140
0
0
0
52
65
11
31
579
0
395
76
133
43
79
354
142
76
163
170
62
101
69
147
0
0
0
0
0
0
0
6
9
0
0
10
0
0
0
0
0
0
4
0
0
0
0
0
0
30
127
142
22
50
68
46
9
0
114
25
47
200
101
163
0
0
82
42
45
80
62
78
126
0
0
20
0
0
4
0
43
30
0
0
0
8
0
0
0
530
123
308
360
36
287
161
233
381
445
52
379
409
22
8
35
173
72
185
274
406
357
223
195
282
194
2,331
2,088
1,655
1,725
1,947
1,780
1,171
1,770
2,425
1,942
1,888
2,130
3,131
8,379
8,040
12,439
9,426
8,171
6,900
6,454
5,366
8,267
10,466
15,406
11,336
9,049
486
410
358
255
438
192
106
223
0
194
53
180
487
547
836
1,069
764
1,280
1,679
1,595
1,078
1,167
385
819
328
500
245
780
266
133
437
495
104
247
256
222
184
702
28
3
0
52
334
26
360
74
284
285
146
191
326
126
926
855
848
1,537
982
910
1,057
929
1,205
732
568
251
709
725
611
1,325
1,496
737
1,155
561
622
797
734
898
568
926
11,311
11,532
16,357
13,944
12,071
11,692
9,950
8,749
11,978
12,878
18,119
13,692
11,824
Middle East Africa
358
381
165
290
354
142
202
134
79
373
73
184
368
64
319
68
7
35
22
25
11
300
316
107
9
39
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
209
634
80
40
105
83
624
51
246
54
44
204
137
260
340
20
96
79
25
190
352
21
188
188
121
21
20
9
44
0
61
64
0
68
89
0
0
0
0
3,081
2,614
3,868
1,881
2,335
3,941
1,543
2,912
3,084
3,093
3,031
174
1,580
408
856
222
187
1,076
656
1,434
285
168
356
505
227
618
22 546
132 511
154 428
130 406
237 563
168 603
161 281
21 413
43 1,059
64 1,022
30 245
6 495
12 374
108
51
106
0
0
265
67
56
2
24
60
23
0
Oceania E. Europe
20
159
53
278
743
621
110
54
6
93
122
266
261
98
259
152
142
165
169
335
122
196
19
241
208
141
79
42
0
21
32
147
101
209
66
35
109
21
21
19
28
53
170
20
103
74
39
4
28
34
0
19
4
5,141
5,405
5,532
3,699
5,494
6,424
4,724
4,431
4,886
5,309
4,598
1,692
2,942
2,101
1,325
3,450
2,599
5,539
5,196
2,414
3,035
4,054
5,416
3,208
3,301
2,733
45
0
1
0
0
1
65
20
19
0
18
7
0
RISI
Paper Trader - January 2009
Table 12 US Coated Mechanical Imports by Country of Origin Tons Nov 2007
Total Imports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
126,156 138,310 125,843 117,067 142,443 129,938 126,315 115,550 132,636 115,870 121,031 132,220 113,003 52,100
49,100
52,000
43,000
45,800
49,700
49,000
46,000
33,000
36,000
36,000
39,000
40,000
1,978
3,213
1,418
1,657
2,196
2,095
1,116
1,336
2,795
4,699
3,086
3,674
1,994
0
0
0
0
0
0
0
3
0
0
0
0
0
34,579
26,837
39,406
35,232
38,739
31,505
29,524
25,254
34,621
28,817
32,006
33,405
18,782
1,841
3,069
1,621
3,586
3,170
3,484
3,230
1,919
2,771
1,879
2,331
2,272
2,943
7,454
10,502
8,362
12,690
10,750
12,482
10,639
11,619
19,846
6,248
11,469
10,575
6,457
35
0
0
21
271
68
0
0
0
0
0
26
0
0
0
0
0
0
0
0
0
0
0
0
0
0
395
1,020
2,194
381
820
89
646
35
1,128
2,962
4,284
5,174
310
0
0
0
0
0
0
0
0
0
0
0
0
25
50
119
87
123
86
197
190
84
49
140
132
168
90
7,296
1,793
7,002
2,427
7,110
4,060
1,899
3,166
4,378
3,942
2,383
87
3,049
2
11
36
10
12
20
29
1
4
21
6
0
0
2,790
3,124
2,199
6,369
4,731
2,967
7,019
6
6,182
9
2,250
3,933
2,588
0
0
0
0
0
0
0
0
0
0
0
0
0
56,419
49,688
62,325
62,496
67,885
56,969
54,292
43,423
71,774
48,717
57,948
59,315
36,239
Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
53
54
0
0
0
0
0
0
84
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
53
54
0
0
1
0
0
0
84
1
0
0
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia Oceania E. Europe
0
0
0
0
0
0
0
0
0
0
0
0
0
78
49
78
91
184
217
91
91
88
105
899
164
96
3,574
4,345
3,519
1,570
2,293
3,742
3,739
3,509
3,062
4,153
6,426
6,403
4,082
740
374
493
254
312
241
283
284
196
272
495
377
353
0
20
42
0
20
20
19
0
207
291
285
1,399
474
0 13,185
0 34,520
0 7,332
0 9,655
0 25,948
0 18,623
0 18,412
0 22,056
15 24,268
10 26,237
0 18,951
68 25,494
0 31,721
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
161
0
1
1
0
0
1
2
0
8
0
0
61
0
0
0
0
0
143
0
1
0
0
0
0
0
0
0
0
0
423
336
184
21
1
18
0
39
17,637
39,469
11,464
11,571
28,758
23,267
23,024
26,126
27,862
31,069
27,082
33,906
36,764
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
RISI
21
Paper Trader - January 2009
Table 13 US Coated Mechanical Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
39,848
30,852
33,160
32,364
31,667
30,730
33,102
27,658
35,159
31,117
35,204
33,007
29,759
Canada
24,092
16,763
17,746
17,556
20,477
16,032
16,083
14,246
18,609
17,188
17,371
21,259
17,695
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28
0
0
0
0
0
90
0
0
0
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America Middle East Africa Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia Oceania E. Europe
0
0
0
25
0
0
0
100
0
0
0
0
0
1,780
681
3,483
3,717
2,070
3,059
2,169
259
549
1,378
3,145
764
886
682
317
396
62
49
266
303
180
68
364
246
524
30
108
132
437
463
416
331
175
1,355
1,260
485
999
50
0
34
75
0
21
37
32
30
25
36
41
11
29
65
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
472
6
250
151
0
371
195
73
356
231
104
112
834
14
18
8
14
0
13
4
17
8
0
6
0
0
6
9
0
12
3
0
153
10
3
11
10
0
0
20
49
159
78
237
34
116
67
152
47
141
61
65
0
0
90
0
0
87
181
40
185
161
0
229
3
3,116
1,286
4,823
4,571
2,812
4,193
3,327
2,125
2,618
2,809
4,661
1,768
1,884
3,558
3,867
4,265
4,074
3,363
4,183
5,403
4,339
5,819
6,205
7,503
5,719
6,669
4
390
215
63
20
0
198
65
0
4
50
28
46
1,895
331
43
34
52
76
709
313
23
15
282
403
444
1,132
1,860
1,951
1,413
1,276
1,791
2,708
868
2,032
311
1,068
776
115
206
330
0
284
0
0
44
467
192
495
177
43
233
637
707
487
619
552
604
359
987
762
316
190
244
319
88
488
213
254
410
262
742
771
126
125
411
244
159
7,521
7,972
7,174
6,742
5,674
6,917
10,164
7,809
8,953
7,471
9,682
7,456
7,984
10
0
478
69
256
800
519
181
437
173
165
582
439
110
243
268
143
0
367
306
4
159
12
148
224
138
1,000
887
657
1,198
511
464
247
392
852
88
63
21
9 130
44
0
0
11
4
10
0
11
9
12
7
111
265
218
23
22
23
0
23
192
274
42
262
0
0
29
69
0
105
22
176
0
72
104
78
73
46
46
904
319
32
234
24
1
25
109
112
21
7
110
20
429 1,282
229 2,121
150 1,197
112 1,020
483 636
35 823
171 1,319
337 619
398 1,865
561 1,133
173 606
288 381
155 1,075
110
306
42
376
155
262
407
1,117
18
1,075
1,694
58
0
227
238
149
0
342
399
251
276
265
260
153
506
22
91
24
147
12
0
64
131
71
209
54
11
99
8
0
0
0
99
47
68
0
37
85
0
0
22
88
138
131
260
68
181
0
88
0
123
85
108
26
0
4,518
4,544
2,657
3,257
2,429
2,304
2,663
3,233
4,314
3,409
3,157
1,670
1,553
461
42
15
24
19
76
40
13
69
54
21
26
66
20
3
0
0
0
41
0
46
0
0
0
22
0
Note: Commerce Department data for 2007 adjusted down for reporting errors.
22
RISI
Paper Trader - January 2009
Table 14 US Uncoated Freesheet Paper Imports by Country of Origin Tons Nov 2007
Total Imports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal W. Germany Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
106,370 108,946 116,463 106,817
99,540
97,365
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
97,539 106,769 100,902
93,400 110,833
92,373
88,054
47,600
53,000
54,900
51,800
43,000
43,300
39,300
51,129
51,000
47,990
49,191
41,495
35,999
774
2,888
710
755
1,123
2,072
2,067
483
1,318
766
597
1,392
1,108
37
212
36
44
117
118
213
138
360
142
20
390
66
3,646
3,363
8,363
3,652
2,334
4,145
4,228
1,711
1,845
6,139
8,099
4,486
7,459
565
380
514
419
449
602
509
658
516
288
281
775
314
2,135
1,878
2,426
1,984
2,164
1,951
1,583
2,490
1,400
976
3,023
2,518
2,331
457
164
433
158
522
187
323
327
106
60
24
104
154
300
214
218
99
198
225
525
205
429
289
328
192
399
0
0
0
0
0
0
0
0
0
0
0
0
0
8,263
8,775
8,451
9,049
8,423
8,703
7,485
9,926
7,997
7,657
10,305
9,376
7,795
76
105
72
355
236
140
179
67
100
164
88
151
343
484
126
114
108
56
43
39
57
110
34
114
78
30
430
314
446
548
631
384
309
180
320
114
287
324
289
355
1,120
414
483
430
400
818
584
411
330
427
267
336
0
44
2
0
23
0
0
0
19
20
10
0
25
17,523
19,583
22,200
17,653
16,705
18,969
18,276
16,827
14,932
16,977
23,602
20,053
20,650
3,161
2,611
2,664
2,878
2,021
2,209
2,334
2,028
2,195
1,820
1,939
1,976
1,324
200
241
187
133
151
272
151
74
250
82
110
79
46
12,896
9,454
13,127
16,676
18,095
16,462
15,078
17,901
13,014
9,323
18,780
14,792
17,837
11
2
0
0
0
2
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 30
36
11
32
20
24
29
2
3
11
42
42
60
105
0
1
3
30
2
2
1
0
0
31
1
0
16,409
12,319
16,012
19,710
20,321
18,976
17,567
20,008
15,472
11,267
20,902
16,908
19,237
Middle East Africa
0
0
0
1
22
0
6
0
0
1
0
3
1
0
0
0
0
0
0
2
0
1
3
1
8
1
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
78
30
65
43
68
30
30
26
63
21
19
23
8
Oceania E. Europe
74
66
14
10
21
51
40
66
47
41
20
4
46
17,135
18,198
16,234
9,327
12,364
9,512
14,959
11,328
11,353
12,383
11,992
9,679
6,780
674
261
226
487
465
442
603
589
594
376
362
422
502
661
250
567
941
317
795
337
597
496
225
503
448
713
58 3,236
134 3,431
169 4,618
185 5,314
91 3,192
147 2,832
105 4,049
218 3,651
143 2,384
152 2,072
128 1,910
141 1,523
127 1,986
11
14
15
24
10
12
15
13
25
10
13
24
12
0
0
2
413
990
1
155
351
80
0
1
1
0
123
99
64
105
68
25
21
61
41
17
51
52
69
203
55
143
72
62
392
200
163
468
162
514
109
354
41
59
40
97
89
63
45
941
2,571
683
224
74
14
22,295
22,597
22,156
17,018
17,739
14,301
20,559
18,005
18,266
16,142
15,735
12,501
10,612
2,011
934
651
179
1,282
1,203
1,387
211
639
622
756
729
822
532
513
543
455
471
615
442
590
592
399
645
676
731
Note: Uncoated mechanical sheets imported from Indonesia have been reclassified as uncoated freesheet.
RISI
23
Paper Trader - January 2009
Table 15 US Uncoated Freesheet Paper Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
80,983
77,478
80,361
85,163
78,778
75,051
77,965
81,260
89,543
93,738
86,648
85,351
70,582
Canada
36,348
30,385
31,639
37,025
37,246
33,795
33,533
31,999
30,847
29,136
29,045
29,632
26,154
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America Middle East Africa
12
1
3
0
3
0
0
19
0
0
0
0
0
214
301
762
397
420
197
382
152
446
368
160
272
247
3
0
30
0
0
0
10
0
0
0
151
0
0
1,650
1,496
1,475
1,713
1,750
1,343
2,277
737
1,767
1,801
2,248
1,532
2,961
216
442
378
141
1,028
966
1,777
1,554
767
1,109
1,316
700
1,375
787
18
357
134
250
115
319
377
298
513
466
478
590
3,306
2,955
2,232
1,655
2,908
3,388
2,620
4,613
2,964
3,578
2,651
4,565
3,440
50
1
0
9
22
0
6
0
0
4
0
0
0
0
58
1
0
0
0
0
1
0
0
0
0
0
134
1
39
11
23
47
1
67
10
39
325
507
2
21
40
1
8
31
2
4
0
31
7
14
3
2
0
24
34
112
6
23
0
9
9
2
52
3
3
1,399
1,615
1,098
1,380
1,735
2,273
2,980
2,242
1,779
1,243
1,918
2,402
2,230
605
130
356
2
481
269
461
606
374
285
464
319
451
8,397
7,082
6,766
5,562
8,657
8,623
10,837
10,378
8,445
8,950
9,765
10,782
11,301
16,672
15,104
17,373
14,036
13,220
15,891
15,125
16,824
22,950
22,296
20,158
23,098
17,126
216
699
466
348
375
334
150
143
104
225
527
288
467
147
403
1,033
1,074
916
282
584
168
667
864
904
1,228
672
989
823
732
1,327
608
933
969
503
1,957
1,549
2,040
2,716
584
893
0
1,009
518
531
585
402
657
904
1,299
733
1,282
1,262
3,014
2,697
3,381
3,643
3,619
2,552
2,531
1,990
3,019
3,209
2,032
2,369
2,781
2,396
2,151
3,592
2,749
1,732
1,593
563
714
1,393
1,659
1,598
2,034
1,562
24,327
21,877
27,586
23,695
21,001
22,169
20,324
20,999
30,993
31,100
27,992
33,014
24,456
861
3,778
3,797
5,032
2,098
1,347
3,644
4,002
5,345
8,192
4,991
1,759
1,752
1,427
1,418
826
537
701
144
108
541
1,542
1,119
1,383
1,491
1,649
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
1,178
2,338
1,295
3,959
2,002
1,260
1,445
1,415
1,478
1,351
3,089
2,577
950
35
86
57
21
116
85
193
179
83
55
94
289
28
63
230
24
40
117
71
53
482
217
106
224
118
0
Oceania E. Europe
24
427
302
440
231
410
303
789
1,909
1,921
1,174
321
429
355
929
2,568
1,205
627
797
297
388
686
1,439
1,230
1,431
524
388
298 3,241
561 2,127
548 3,188
1,203 3,716
85 1,470
424 2,564
157 2,625
333 2,223
230 2,337
234 3,624
520 2,749
379 886
363 1,157
47
61
23
159
56
55
185
73
150
119
28
64
91
466
433
226
248
828
363
208
721
171
326
327
169
174
951
1,776
312
694
631
435
357
1,292
1,560
1,734
578
944
276
57
34
8
249
26
68
94
116
325
71
6
31
42
94
146
62
134
22
152
312
143
140
338
276
212
313
7,787
10,663
7,388
11,282
6,560
6,077
6,806
9,571
10,051
10,363
9,641
6,620
4,137
1,388
1,670
2,071
1,543
1,660
2,197
2,009
3,298
1,936
4,534
3,581
1,857
1,085
448
606
288
486
855
698
703
472
385
345
250
195
50
RISI
Paper Trader - January 2009
Table 16 US Uncoated Mechanical Paper Imports by Country of Origin Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Imports
378,342 336,489 386,709 341,752 366,308 340,227 337,273 328,551 329,662 332,778 350,324 359,144 277,318
Canada
335,100 300,900 335,100 287,700 314,200 298,700 285,500 272,300 288,800 286,600 300,900 310,800 248,000
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe
369
20
247
327
1,446
337
1,286
1,194
1,170
538
736
1,132
0
0
0
0
0
0
65
0
0
0
0
0
0 0
28,505
31,023
35,179
34,660
25,323
31,139
28,780
39,374
23,342
34,564
35,800
37,671
12,307
0
11
0
0
0
0
0
0
13
9
2
28
28
1,462
12
408
905
1,268
37
2,337
432
615
2,021
2,208
858
1,664
42
0
41
159
40
0
1
2
0
141
19
3
8
1
0
1
114
0
0
0
0
0
7
0
6
3
12,005
3,934
14,025
16,182
22,871
8,977
18,278
13,875
13,735
7,908
9,451
7,892
14,581
0
0
0
0
51
0
0
0
0
0
0
0
0
0
0
0
6
0
0
0
0
3
0
0
3
47
4
0
1,123
224
289
0
75
89
86
133
110
60
0
3
0
0
0
0
0
0
0
0
0
0
0
0
6
8
1
8
11
3
2
1
1
10
4
6
14
0
0
0
0
0
2
0
0
0
0
0
0
0
42,398
35,008
51,024
52,583
51,298
40,496
50,825
54,967
38,965
45,330
48,331
47,658
28,653
126
64
0
42
0
21
28
146
623
166
402
62
302
0
26
0
25
0
0
25
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126
90
0
67
0
21
53
146
623
166
402
62
302
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
1
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
0
0
23
33
18
17
76
0
88
29
35
77
42
94
82
98
57
30
22
60
104
2
0
6
4
0
4
0
4
2
1
11
1
0
0
0
0
0
0
0
10
0
0
0
26
2
2
0 420
18 384
0 432
34 1,167
0 635
0 774
0 735
0 995
17 1,160
0 564
0 509
0 443
0 79
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26
0
0
0
0
0
0
0
0
21
10
39
9
19
41
18
17
0
26
21
0
19
17
0
0
0
25
71
2
0
0
41
83
0
0
13
14
64
51
6
1
41
0
0
0
0
0
6
562
455
575
1,343
754
984
887
1,138
1,269
680
689
582
209
Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Oceania E. Europe
69
0
0
0
1
0
1
1
6
0
0
0
0
87
36
9
60
55
25
4
0
0
1
0
42
153
Note: Canadian imports in this table are PPPC data. Uncoated mechanical sheets imported from Indonesia have been reclassified as uncoated freesheet.
RISI
25
Paper Trader - January 2009
Table 17 US Uncoated Mechanical Paper Exports by Country of Destination Tons Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Exports
25,824
21,722
28,233
22,114
20,466
19,830
21,316
24,529
22,839
23,310
23,357
25,498
28,508
Canada
10,433
8,862
11,036
7,315
7,956
6,906
8,452
10,978
8,331
6,234
7,653
6,310
5,432
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
0
11
0
0
0
0
0
0
122
3
83
3
3
14
11
3
2
19
3
0
0
8
0
0
0
0
0
0
6
0
0
0
0
0
2
0
0
0
4
0
0
12
0
7
0
0
0
80
0
58
32
93
119
222
111
57
41
32
51
168
79
0
0
0
26
0
50
21
10
0
57
0
142
14
1
0
34
1
8
30
1
0
0
0
0
36
0
0
0
32
11
0
28
0
0
4
0
7
0
0
0
0
0
0
0
0
0
73
57
0
57
23
237
0
6
3
0
0
0
24
0
0
0
0
0
0
0
0
0
46
4
0
0
6
0
0
18
0
0
0
35
0
0
34
0
0
82
0
0
47
0
126
74
127
245
128
370
208
146
123
216
29
223
109
0
0
22
0
0
88
23
1
21
0
0
20
767
669
78
331
349
313
638
582
325
374
344
121
422
1,246
6,709
4,023
5,596
4,875
4,411
5,858
4,900
4,658
4,492
7,194
8,630
10,570
6,289
0
0
0
0
12
0
2
0
0
0
26
2
11
0
100
0
0
4
1
95
0
1
26
272
0
146
0
209
0
0
31
25
0
33
0
0
0
57
656
353
270
345
236
78
413
200
816
527
884
273
715
1,358
6,552
6,112
6,889
6,876
6,123
5,362
6,084
5,315
6,193
5,330
3,407
5,381
6,777
716
1,509
3,728
1,986
1,012
160
485
1,550
2,120
2,717
1,842
1,419
4,033
14,330
12,225
16,559
13,974
11,672
11,819
11,765
12,372
13,332
16,151
14,451
18,145
19,269
Middle East Africa
34
90
51
149
45
90
119
164
122
31
118
19
2,271
0
3
0
0
0
8
0
0
0
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
117
139
18
131
98
30
14
37
55
131
0
109
66
22
20
0
0
3
58
36
284
230
244
721
116
0
Oceania E. Europe
0
0
0
2
0
0
18
0
0
0
0
0
0
55
14
43
66
44
33
26
36
1
54
0
78
8
47
8
9
33
80
41
104
17
30
33
29
54
0
0 45
9 184
0 136
10 0
0 77
0 9
0 78
0 133
1 93
0 21
0 172
0 191
0 139
51
9
0
0
120
0
0
42
0
0
0
3
0
10
0
6
0
1
0
22
0
0
0
25
0
0
0
0
0
19
0
0
67
0
83
32
0
0
0
0
50
0
7
17
0
11
0
0
0
19
0
18
10
0
1
0
0
0
0
0
0
0
26
0
0
357
432
212
268
441
171
377
550
493
515
992
551
230
0
18
24
0
7
177
6
50
122
36
21
52
21
0
13
21
60
32
21
15
90
64
0
0
0
39
Note: These data are U.S. Commerce Dept. data and are believed to be overstated due to classification problems with newsprint.
26
RISI
Paper Trader - January 2009
Table 18 Monthly Monitor of Newsprint Demand 000 Tonnes Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
US Consumption All Users Seas. Adj. % Change Not Seas. Adj. % Change Year-Ago Daily Newspapers Seas. Adj. % Change Not Seas. Adj. % Change Year-Ago
627 -2.0 641 -16.1
627 -0.1 614 -7.3
593 -5.3 573 -7.0
595 0.3 591 -10.8
593 -0.4 615 -11.7
576 -3.0 574 -12.8
564 -2.0 550 -13.7
556 -1.5 542 -15.2
557 0.2 530 -13.4
535 -4.0 534 -19.1
528 -1.2 580 -16.8
520 -1.5 540 -18.0
514 -1.2 516 -19.5
493 -2.4 505 -19.4
487 -1.2 482 -11.6
468 -3.8 448 -11.6
463 -1.2 464 -15.0
464 0.3 483 -13.8
449 -3.2 444 -15.3
441 -1.8 429 -14.9
433 -1.7 426 -15.6
438 1.1 412 -14.7
413 -5.8 415 -20.8
409 -1.1 447 -18.3
398 -2.6 408 -20.8
382 -4.0 386 -23.5
US Consumer Inventories All Users Seas. Adj. Change Not Seas. Adj. Change From Year-Ago Daily Newspapers Seas. Adj. Change Not Seas. Adj. Change From Year-Ago
743 -18 707 -127
738 -4 759 -119
749 10 773 -101
779 30 799 -73
777 -2 779 -45
800 23 778 -52
788 -12 777 -48
777 -11 805 -29
767 -10 807 -35
806 38 809 35
786 -20 755 19
775 -10 735 15
799 24 761 54
647 -26 616 -137
659 13 678 -132
674 14 696 -104
679 6 697 -84
681 2 683 -53
699 17 680 -36
679 -20 669 -60
689 10 713 -23
685 -4 720 -21
700 16 703 12
687 -13 660 6
667 -20 632 -5
683 17 651 35
US Consumer Inventory Days of Supply All Users Seas. Adj. Not Seas. Adj. Daily Newspapers Seas. Adj. Not Seas. Adj.
37 36
39 39
39 40
41 40
41 42
42 43
43 45
43 46
44 45
46 44
46 43
46 44
46 45
41 40
43 44
43 45
45 45
46 48
48 48
48 49
49 53
50 51
53 50
54 50
54 51
55 53
Mill Inventories Canadian Seas. Adj. Change Not Seas. Adj. Change From Year-Ago US Seas. Adj. Change Not Seas. Adj. Change From Year-Ago
361 43 311 41
301 -61 303 -44
255 -46 280 -128
295 40 298 -96
286 -9 293 -129
276 -10 282 -119
278 2 265 -119
262 -16 278 -144
283 20 307 -127
284 1 280 -94
267 -17 260 -78
286 19 268 -29
277 -9 237 -74
60 -3 52 -4
57 -3 50 -15
57 1 56 -16
59 2 52 -19
55 -3 53 -21
60 5 68 1
68 8 63 -7
71 3 71 -21
81 9 102 3
79 -2 88 7
78 -2 76 19
95 17 94 31
96 2 83 31
Total of Mill & US Consumer Inventories Inventory Seas. Adj. Change Not Seas. Adj. Change From Year-Ago Days of Supply Seas. Adj. Not. Seas. Adj.
1,164 23 1,070 -89
1,096 -68 1,112 -178
1,061 -35 1,110 -245
1,132 72 1,150 -187
1,119 -14 1,125 -195
1,137 18 1,128 -170
1,135 -2 1,105 -173
1,111 -24 1,154 -193
1,131 20 1,216 -160
1,169 38 1,176 -52
1,130 -38 1,090 -40
1,156 26 1,097 17
1,172 16 1,081 11
39 38
39 39
38 40
40 39
40 40
40 40
40 40
40 43
41 42
42 40
43 40
44 42
44 42
Note: All-user consumption and inventory figures are PPPC estimates. Daily newspaper figures are from NAA with RISI estimates of days of supply.
RISI
27
Paper Trader - January 2009
Table 19 Newsprint Pricing for Standard Newsprint US Dollars per Tonne, Delivered Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
Jan 2009
C o mpo s i te Tran s ac ti o n Pri c e Fo r All B uyers 48.8 Gram East Coast % Change % Over Year-Ago West Coast % Change % Over Year-Ago
580 1.8 -10.2
595 2.6 -4.5
615 3.4 0.5
634 3.1 4.4
652 2.8 8.7
672 3.1 13.3
691 2.8 19.1
710 2.7 24.1
728 2.5 28.6
745 2.3 33.0
760 2.0 36.2
771 1.4 35.3
763 -1.0 31.6
750 -1.7 26.1
576 1.8 -10.0
592 2.8 -3.9
613 3.5 1.5
634 3.4 5.8
650 2.5 9.8
670 3.1 14.5
690 3.0 20.2
710 2.9 25.2
726 2.3 29.6
741 2.1 33.5
743 0.3 34.1
745 0.3 31.6
735 -1.3 27.6
718 -2.3 21.3
East Coast % Change % Over Year-Ago
619 1.8 -10.2
635 2.6 -4.5
657 3.4 0.5
677 3.1 4.4
696 2.8 8.7
717 3.1 13.3
738 2.8 19.1
758 2.7 24.1
777 2.5 28.6
795 2.3 33.0
811 2.0 36.2
823 1.4 35.3
815 -1.0 31.6
801 -1.7 26.1
West Coast % Change % Over Year-Ago
615
632
654
677
694
715
737
758
775
791
793
795
785
766
1.8 -10.0
2.8 -3.9
3.5 1.5
3.4 5.8
2.5 9.8
3.1 14.5
3.0 20.2
2.9 25.2
2.3 29.6
2.1 33.5
0.3 34.1
0.3 31.6
-1.3 27.6
-2.3 21.3
Jan 2009
45 Gram
W es tern E uro pean N ews pri n t (4 5 G ram) Pri c es (per To n n e)
Germany Euro US$ % Change % Over Year-Ago France Euro US$ % Change % Over Year-Ago Italy Euro US$ % Change % Over Year-Ago United Kingdom UKP US$ % Change % Over Year-Ago
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Dec 2008
550
550
550
528
528
528
528
528
528
528
528
528
528
801 -0.8 15.5
810 1.2 18.8
812 0.2 15.4
820 1.0 12.5
832 1.5 11.9
822 -1.3 10.5
822 0.1 11.3
832 1.3 10.2
790 -5.1 5.4
757 -4.1 -1.0
701 -7.5 -10.5
673 -3.9 -16.7
714 6.0 -10.9
545
545
545
520
520
520
520
520
520
520
520
520
520
793 -0.8 16.0
803 1.2 19.3
804 0.2 18.7
807 0.3 11.8
819 1.5 11.2
809 -1.3 9.8
809 0.1 10.6
819 1.3 9.5
778 -5.1 4.7
746 -4.1 -1.6
690 -7.5 -11.1
663 -3.9 -17.2
703 6.0 -11.5
550
550
550
530
530
530
530
530
530
530
530
530
530
801 -0.8 16.6
810 1.2 19.9
812 0.2 19.3
822 1.3 12.9
835 1.5 12.3
824 -1.3 10.8
825 0.1 11.7
835 1.3 10.6
792 -5.1 5.7
760 -4.1 -0.7
703 -7.5 -10.2
675 -3.9 -16.4
716 6.0 -10.6
380
380
365
360
360
360
360
360
360
360
360
360
360
766 -2.6 8.1
749 -2.3 5.9
717 -4.2 -0.5
721 0.5 -0.8
713 -1.0 -5.6
707 -0.8 -6.2
708 0.1 -6.2
716 1.1 -7.4
679 -5.1 -11.1
647 -4.7 -15.6
607 -6.2 -21.9
552 -9.1 -29.9
535 -3.1 -30.2
Note: Prices are estimated by RISI based on monthly market surveys. Prices reflect the average price paid by all buyers, most of which are contract sales. Spot prices and prices for small buyers may be different and more volatile. The very largest buyers will generally receive additional discounts below the prices shown above.
28
RISI
Paper Trader - January 2009
Table 20 Newsprint Forecast 000 Tonnes, Seasonally Adjusted Unless Otherwise Specified 08:I
08:II
08:III
08:IV
09:I
09:II
09:III
09:IV
2005
2006
2007
2008
2009
2010
US Demand Consumption (Seas. Adj.) % Change (Annual Rate) Consumption (Not Seas. Adj.) % Over Year-Ago
1,833 -15.3 1,777 -8.4
1,728 -21.0 1,739 -12.7
1,635 -19.9 1,606 -16.0
1,563 -16.6 1,636 -18.1
1,521 -10.3 1,473 -17.1
1,485 -9.1 1,493 -14.2
1,458 -6.9 1,431 -10.9
1,438 -5.5 1,504 -8.1
9,375 -5.3 9,375 -5.3
8,767 -6.5 8,767 -6.5
7,841 -10.6 7,841 -10.6
6,758 -13.8 6,758 -13.8
5,901 -12.7 5,901 -12.7
5,589 -5.3 5,589 -5.3
750 30 799 -73
757 7 777 -48
785 27 809 35
774 -11 761 54
752 -22 801 1
721 -31 739 -38
688 -33 709 -100
656 -32 645 -116
940 -87 927 -87
847 -93 834 -93
720 -127 707 -127
774 54 761 54
656 -118 645 -116
591 -65 581 -64
21
15
14
15
11
11
11
10
190
142
79
64
43
45
897 -5.3 232 -8.1 444 -1.4
811 -16.0 227 -9.1 476 -4.2
783 -14.0 225 -9.9 509 6.1
726 -19.4 224 -8.9 524 16.6
701 -21.9 218 -6.0 512 15.3
670 -17.3 215 -5.4 505 6.2
656 -16.3 213 -5.2 499 -2.1
645 -11.2 213 -5.0 490 -6.4
4,753 -6.2 1,063 1.0 1,972 -2.0
4,289 -9.8 1,043 -1.8 1,782 -9.7
3,725 -13.2 998 -4.4 1,876 5.3
3,218 -13.6 908 -9.0 1,953 4.1
2,672 -17.0 859 -5.4 2,006 2.7
2,492 -6.7 846 -1.5 1,951 -2.7
Shipments (Seas. Adj.) % Change (Annual Rates) Shipments (Not Seas. Adj.) % Over Year-Ago
1,573 -5.7 1,533 -4.8
1,514 -14.2 1,532 -11.4
1,517 0.9 1,513 -7.4
1,474 -10.9 1,501 -7.8
1,431 -11.2 1,397 -8.9
1,391 -10.8 1,404 -8.3
1,367 -6.5 1,362 -10.0
1,348 -5.6 1,374 -8.5
7,788 -4.3 7,788 -4.3
7,114 -8.7 7,114 -8.7
6,599 -7.2 6,599 -7.2
6,078 -7.9 6,078 -7.9
5,537 -8.9 5,537 -8.9
5,289 -4.5 5,289 -4.5
Capacity Shipments/Capacity Strike-Adjusted
1,641 0.96 0.96
1,605 0.94 0.94
1,576 0.96 0.96
1,553 0.95 0.95
1,551 0.92 0.92
1,498 0.93 0.93
1,483 0.92 0.92
1,457 0.93 0.93
8,130 0.96 0.96
7,669 0.93 0.95
7,241 0.91 0.91
6,375 0.95 0.95
5,989 0.92 0.92
5,579 0.95 0.95
146 22.2 945 -5.5
155 6.6 910 -7.6
178 18.3 865 -9.5
173 21.1 810 -16.4
172 18.2 786 -16.8
171 10.5 772 -15.1
163 -8.6 759 -12.3
158 -9.0 751 -7.3
548 11.0 4,345 -5.8
491 -10.4 4,243 -2.4
558 13.8 3,910 -7.8
652 16.8 3,530 -9.7
664 1.8 3,068 -13.1
595 -10.4 2,986 -2.7
Shipments (Seas. Adj.) % Change (Annual Rates) Shipments (Not Seas. Adj.) % Over Year-Ago
1,091 -7.6 1,082 -2.9
1,065 -9.2 1,048 -5.7
1,043 -7.8 1,046 -5.4
983 -21.1 1,006 -11.6
958 -9.8 947 -12.5
943 -6.1 929 -11.4
921 -9.0 925 -11.6
909 -5.4 931 -7.5
4,893 -4.2 4,893 -4.2
4,733 -3.3 4,733 -3.3
4,469 -5.6 4,469 -5.6
4,182 -6.4 4,182 -6.4
3,732 -10.8 3,732 -10.8
3,581 -4.0 3,581 -4.0
Capacity Shipments/Capacity
1,158 0.94
1,144 0.93
1,134 0.92
1,124 0.88
1,033 0.93
1,031 0.91
1,004 0.92
988 0.92
5,109 0.96
4,971 0.95
4,759 0.94
4,560 0.92
4,057 0.92
3,782 0.95
740 -3.2
716 -3.2
701 -2.2
696 -0.7
600 10.3
655 9.2
585 -10.6
695 18.7
713 2.7
716 0.4
Inventories (Seas. Adj.) Change Inventories (Not Seas. Adj.) Change Over Year-Ago Overseas Imports Canadian Supply Shipments to US % Over Year-Ago Shipments to Canada % Over Year-Ago Overseas Exports % Over Year-Ago
US Supply Exports % Over Year-Ago Shipments to US % Over Year-Ago
US Newsprint Transaction Price 48.8 Gram East Coast % Change West Coast % Change 45 Gram East Coast % Change West Coast % Change
($US/tonne) 615 8.0
672 9.3
728 8.3
765 5.1
613
670
726
741
710
690
679
676
600
649
579
687
689
698
8.4
9.3
8.3
2.1
-4.2
-2.8
-1.7
-0.4
10.3
8.3
-10.8
18.7
0.2
1.3
656 8.0 654 8.4
717 9.3 715 9.3
777 8.3 775 8.3
816 5.1 791 2.1
790 -3.2 758 -4.2
765 -3.2 737 -2.8
748 -2.2 724 -1.7
743 -0.7 722 -0.4
640 10.3 640 10.3
699 9.2 693 8.3
625 -10.6 618 -10.8
742 18.7 734 18.7
761 2.7 735 0.2
764 0.4 745 1.3
Data Sources: PPPC, NAA, and RISI
RISI
29
Paper Trader - January 2009
Table 21 US Newsprint Demand, Supply, and Availability Thousand Tonnes Imports From: Shipments NSADJ.
%CHYA
SADJ.
2006:1
428
-2.9%
2006:2
362
-4.3%
2006:3
401
2006:4 2006:5
Canada
Apparent
Other
Exports
Shipments/
Consumption
Capacity
%CH
NSADJ.
SADJ.
NSADJ.
NSADJ.
SADJ.
SADJ.
Capacity
SADJ.
402
2.6%
398
388
16
47
46
760
418
96%
391
-2.8%
358
374
9
29
39
735
418
93%
-5.9%
396
1.4%
388
375
14
44
45
740
418
95%
408
0.4%
407
2.7%
355
358
9
42
41
733
417
98%
386
-3.0%
399
-1.9%
351
356
19
35
36
738
417
96%
2006:6
376
-11.3%
384
-3.8%
366
379
10
35
36
737
417
92%
2006:7
405
-4.8%
392
2.0%
352
352
16
50
43
717
412
95%
2006:8
374
-2.5%
389
-0.6%
358
356
13
38
39
720
412
95%
2006:9
372
-4.4%
380
-2.4%
334
340
10
41
39
691
412
92%
2006:10
416
-3.3%
389
2.5%
338
337
11
40
36
701
410
95%
2006:11
388
-1.3%
392
0.8%
342
338
9
42
44
696
410
96%
2006:12
419
4.9%
413
5.2%
350
336
6
48
48
706
410
101%
4,733
-3.3%
4,734
-3.2%
4,289
4,289
142
491
491
8,675
4,971
95%
4,733
-3.3%
4,734
-3.2%
4,289
4,289
142
491
491
8,675
4,971
95%
2007:1
402
-6.0%
377
-8.7%
334
325
6
37
36
672
402
94%
2007:2
354
-2.1%
382
1.3%
287
299
6
34
46
641
402
95%
2007:3
358
-10.7%
354
-7.3%
328
318
12
38
40
644
402
88%
2007:4
370
-9.2%
369
4.0%
318
322
2
42
41
652
396
93%
2007:5
375
-2.7%
388
5.2%
328
333
10
48
50
681
396
98%
2007:6
366
-2.6%
375
-3.3%
311
323
5
50
51
652
396
95%
2007:7
375
-7.3%
364
-2.9%
317
317
6
50
43
645
395
92%
2007:8
364
-2.6%
378
3.8%
308
307
5
57
55
635
395
96%
2007:9
365
-1.9%
373
-1.2%
274
280
7
55
52
608
395
95%
2007:10
403
-3.1%
376
0.7%
309
308
4
56
51
637
393
96%
2007:11
360
-7.2%
362
-3.6%
314
310
11
42
45
638
393
92%
2007:12
374
-10.6%
369
2.0%
298
284
4
47
48
609
393
94%
4,469
-5.6%
4,469
-5.6%
3,725
3,725
79
558
558
7,714
4,758
94%
4,469
-5.6%
4,469
-5.6%
3,725
3,725
79
558
558
7,714
4,758
94%
2008:1
387
-3.7%
363
-1.7%
314
305
9
45
45
632
386
94%
2008:2
338
-4.5%
365
0.5%
290
302
3
44
59
610
386
95%
2008:3
357
-0.4%
354
-3.1%
295
286
9
44
46
603
386
92%
2008:4
360
-2.8%
358
1.2%
285
288
3
53
52
598
381
94%
2008:5
343
-8.6%
354
-1.1%
265
269
9
44
46
586
381
93%
2008:6
345
-5.6%
354
0.1%
254
264
2
54
55
566
381
93%
2008:7
364
-3.1%
353
-0.2%
264
264
6
64
55
568
378
93%
2008:8
336
-7.8%
348
-1.5%
259
258
5
68
63
547
378
92%
2008:9
346
-5.3%
354
1.7%
249
255
2
62
58
553
378
94%
2008:10
357
-11.5%
333
-6.0%
255
254
3
89
81
509
375
89%
2008:11
336
-6.8%
337
1.4%
230
227
7
53
56
515
375
90%
2008:12
313
-16.4%
309
-8.5%
12 Months 2008 % Ch. From 2007
4,182
Total Yr 2006 12 Months 2006
Total Yr 2007 12 Months 2007
-6.4%
4,182 -6.4%
258
245
5
35
35
524
375
82%
3,218
3,218
64
652
652
6,812
4,562
92%
-13.6%
-13.6%
-19.3%
16.8%
16.8%
-11.7%
-4.1%
NSADJ. - Not seasonally adjusted SADJ. - Seasonally adjusted %CHYA - Percent change over the year-ago month %CH - Percent change over the previous month Data Sources: PPPC and RISI
30
RISI
Paper Trader - January 2009
Table 22 Canadian Newsprint Demand, Supply, and Availability Thousand Tonnes Exports To: Shipments
Apparent
US
Other
Shipments/
Imports Consumption
%CHYA
SADJ.
%CH
NSADJ.
SADJ.
NSADJ.
SADJ.
NSADJ.
2006:1
608
-5.0%
629
-1.8%
398
388
129
146
2.8
97
642
98%
2006:2
555
-9.2%
610
-2.9%
358
374
115
135
2.2
104
642
95%
2006:3
652
-7.8%
608
-0.4%
388
375
169
144
2.7
91
642
95%
2006:4
594
-10.2%
597
-1.8%
355
358
151
153
3.0
89
639
93%
2006:5
590
-10.8%
582
-2.5%
351
356
144
139
1.9
88
639
91%
2006:6
609
-6.3%
602
3.5%
366
379
154
144
2.1
82
639
94%
2006:7
564
-8.1%
572
-5.0%
352
352
129
140
3.0
83
638
90%
2006:8
614
-6.8%
605
5.8%
358
356
173
168
2.7
84
638
95%
2006:9
567
-15.0%
576
-4.9%
334
340
148
139
2.1
99
638
90%
2006:10
563
-10.2%
559
-3.0%
338
337
133
137
3.1
88
637
88%
2006:11
585
-8.9%
570
2.0%
342
338
152
153
2.6
82
637
90%
2006:12
612
-5.3%
605
6.2%
350
336
184
184
2.4
88
637
95%
7,114
-8.7%
7,114
-8.6%
4,289
4,289
1,782
1,782
31
1,074
7,669
93%
7,114
-8.7%
7,114
-8.6%
4,289
4,289
1,782
1,782
31
1,074
7,669
93%
2007:1
524
-13.9%
541
-10.6%
334
325
110
125
2.9
94
615
88%
2007:2
484
-12.9%
534
-1.2%
287
299
124
146
2.1
91
615
87%
2007:3
603
-7.5%
563
5.3%
328
318
189
162
2.3
85
615
91%
2007:4
554
-6.7%
558
-0.8%
318
322
149
152
2.6
87
608
92%
2007:5
596
1.0%
588
5.3%
328
333
182
178
2.0
79
608
97%
2007:6
579
-5.0%
573
-2.5%
311
323
184
173
2.4
80
608
94%
2007:7
547
-3.0%
557
-2.7%
317
317
150
162
2.5
81
606
92%
2007:8
559
-8.9%
551
-1.1%
308
307
168
165
2.8
82
606
91%
2007:9
527
-7.1%
534
-3.0%
274
280
173
161
2.5
96
606
88%
2007:10
562
-0.3%
557
4.3%
309
308
164
169
3.6
84
585
95%
2007:11
560
-4.3%
545
-2.1%
314
310
157
160
3.0
79
585
93%
2007:12
505
-17.5%
497
-8.9%
298
284
126
125
2.5
91
585
85%
6,599
-7.2%
6,599
-7.2%
3,725
3,725
1,876
1,876
31
1,029
7,241
91%
6,599
-7.2%
6,599
-7.2%
3,725
3,725
1,876
1,876
31
1,029
7,241
91%
2008:1
534
1.9%
550
10.7%
314
305
144
162
2.8
86
547
101%
2008:2
507
4.8%
562
2.0%
290
302
145
172
3.9
92
547
103%
2008:3
493
-18.3%
459
-18.2%
295
286
127
108
4.9
70
547
84%
2008:4
516
-6.8%
519
13.0%
285
288
153
154
4.5
81
535
97%
2008:5
514
-13.7%
504
-2.8%
265
269
170
163
4.5
77
535
94%
2008:6
502
-13.3%
494
-2.1%
254
264
172
158
3.6
75
535
92%
2008:7
513
-6.1%
523
5.9%
264
264
176
187
3.6
75
524
100%
2008:8
484
-13.5%
474
-9.2%
259
258
155
150
3.7
71
524
90%
2008:9
516
-2.2%
521
9.9%
249
255
190
175
4.0
95
524
99%
2008:10
520
-7.4%
515
-1.3%
255
254
179
182
4.1
82
518
99%
2008:11
463
-17.3%
450
-12.5%
230
227
154
158
3.6
69
518
87%
2008:12
517
2.4%
507
12.6%
12 Months 2008 % Ch. From 2007
6,078
Total Yr 2006 12 Months 2006
Total Yr 2007 12 Months 2007
-7.9%
6,078 -7.9%
SADJ.
Capacity
NSADJ.
Capacity
SADJ.
258
245
188
183
3.2
82
518
98%
3,218
3,218
1,953
1,953
46
954
6,374
95%
-13.6%
-13.6%
4.1%
4.1%
48.5%
-7.2%
-12.0%
NSADJ. - Not seasonally adjusted SADJ. - Seasonally adjusted %CHYA - Percent change over the year-ago month %CH - Percent change over the previous month Data Sources: PPPC and RISI
RISI
31
Paper Trader - January 2009
Table 23 US Newsprint Imports by Country of Origin Tonnes Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
Total Imports
319,655 300,803 322,330 294,098 307,980 286,177 272,252 258,284 270,112 261,611 259,865 256,097 234,926
Canada
314,000 298,000 314,000 290,000 295,000 285,000 265,000 254,000 264,000 259,000 249,000 255,000 230,000
Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
344
0
0
0
0
0
0
0
18
1
0
0
0
0
29
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14
258
0
0
0
0
23
0
0
0
0
0
0
0
0
0
0
3,469
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
23
0
0
0
1
0
0
0
0
0
3,005
19
4,304
0
3,024
160
2,096
1,327
6,405
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,995
0
2,489
0
0
0
2,496
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31
1,995
3,005
2,508
4,304
23
3,038
2,932
2,097
1,328
9,874
0
370
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
349
46
340
98
83
256
0
358
49
520
346
100
199
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
353
46
340
98
83
256
0
358
49
520
346
100
199
Middle East Africa
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Oceania E. Europe
0
0
0
0
0
0
0
0
0
0
0
0
0
5,271
757
4,985
1,492
8,593
898
4,213
994
3,965
747
595
997
4,357
0 0
0 4
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 16
0 0
0 0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,271
762
4,985
1,492
8,593
898
4,213
994
3,966
763
645
997
4,357
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
Note: Canadian imports in this table are PPPC data
32
RISI
Paper Trader - January 2009
Table 24 US Newsprint Exports by Country of Destination Tonnes
Total Exports Canada Austria Belgium Finland France Germany Italy Netherlands Norway Portugal Spain Sweden Switzerland UK Other Europe Total W. Europe Mexico Argentina Brazil Chile Venezuela Cent. Amer. & Caribb. Other South America Total Latin America
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
59,288
57,413
56,662
62,725
52,979
60,005
72,588
92,312
92,967
95,423
97,152 109,851
66,445
6,713
4,217
4,581
8,589
9,615
10,450
10,169
7,891
7,465
7,202
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16
132
0
0
9
0
0
0
0
0
50
0
67
38
0
0
0
0
0
0
0
0
0
0
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
48
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22
0
0
0
34
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
148
1,182
3,905
3,271
1,157
0
196
0
144
0
0
0
0
848
1,577
245
695
738
308
1,023
2,177
617
975
3,067
2,139
2,607
1,050
2,925
4,150
3,966
1,952
353
1,219
2,177
780
975
3,139
2,146
2,674
10,253
15,275
13,557
13,844
14,307
13,088
13,017
15,515
14,863
13,081
13,492
11,188
12,501
3,537
1,156
830
1,516
1,388
866
2,353
2,178
3,008
5,259
8,836
1,888
1,506
1,185
2,104
1,946
2,130
3,270
2,777
2,803
3,275
4,976
3,684
4,156
5,797
3,336
38
0
0
38
0
0
0
0
79
0
346
186
0
0
0
94
465
289
23
408
137
457
0
0
6,341
362
6,831
7,249
6,181
8,788
8,740
6,418
5,520
5,629
9,599
7,578
13,736
12,380
10,366
19,182
8,781
11,831
838
1,978
1,467
2,405
1,371
2,609
3,326
750
3,683
6,681
2,631
3,796
2,722
24,639
29,253
24,312
25,918
26,254
28,962
29,485
35,591
39,446
39,071
48,643
37,977
32,258
Middle East Africa
1,171
502
907
769
311
2
149
191
599
1,363
3,755
11,803
3,935
129
1,095
2,635
1,289
219
0
493
677
2,749
1,267
452
1,619
1,636
Hong Kong India Indonesia Japan S. Korea Malaysia China Philippines Singapore Taiwan Thailand Other Asia Total Asia
1,613
451
107
0
25
32
558
511
1,801
547
1,873
753
154
5,032
4,270
4,692
7,284
1,410
3,080
12,476
23,504
18,959
21,681
21,514
21,563
8,464
Oceania E. Europe
0
0
0
0
0
0
0
0
0
0
0
0
0
14,180
13,436
13,538
11,801
11,774
14,187
13,733
15,368
13,855
14,263
6,185
21,592
6,344
0
0
0
0
0
0
122
551
0
0
0
0
0
0 0
0 0
0 0
0 0
0 0
0 19
0 0
0 4
0 0
0 0
0 0
0 481
0 329
0
0
0
0
0
0
0
0
0
0
0
0
0
102
102
97
0
0
678
1,773
1,156
2,223
1,835
0
1,131
0
98
50
0
0
0
0
197
2,253
3,593
3,990
2,741
1,125
1,618
0
0
144
0
0
178
0
41
0
0
26
1,011
2,125
1,539
482
22
0
0
0
0
494
469
51
14
2
0
22,564
18,791
18,600
19,085
13,209
18,174
28,859
43,882
40,900
42,367
32,353
47,658
19,034
3,022
630
1,477
3,109
1,419
2,064
2,214
1,903
1,028
3,178
1,979
1,399
706
0
0
0
0
0
0
0
0
0
0
0
0
21
Note: These data are U.S. Dept. of Commerce data and differ from PPPC data shown in tables 28, 29, and 30.
RISI
33
Paper Trader - January 2009
Table 25 US Newsprint Imports by Entry Port Excluding Imports From Canada Tonnes
Total Imports FROM: Portland, ME St. Albans, VT Boston, MA Providence, RI Bridgeport, CT Ogdensburg, NY Buffalo, NY New York, NY Philadelphia, PA Baltimore, MD Norfolk, VA Charleston, SC Savannah, GA Tampa, FL Mobile, AL New Orleans, LA Port Arthur, TX Laredo, TX El Paso, TX San Diego, CA Nogales, AZ Los Angeles, CA San Francisco, CA Portland, OR Seattle, WA Anchorage, AK Honolulu, HI Great Falls, MT Pembina, ND Minneapolis, MN Duluth, MN Milwaukee, WI Detroit, MI Chicago, IL Other Midwest Cleveland, OH St. Louis, MO San Juan, PR U.S. Virgin Islands Miami, FL Houston-Galveston, TX Washington, DC Dallas-Ft. Worth, TX
34
Nov 2007
Dec 2007
Jan 2008
Feb 2008
Mar 2008
Apr 2008
May 2008
Jun 2008
Jul 2008
Aug 2008
Sep 2008
Oct 2008
Nov 2008
5,655
2,803
8,330
4,098
12,980
1,177
7,252
4,284
6,112
2,611
10,865
1,097
4,926
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
4
0
0
0
0
0
0
6
0
0
0
29
0
0
0
0
0
14
276
1
0
0
0
23
0
0
3,005
0
4,132
0
3,024
0
2,096
1,327
6,405
0
344
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,995
0
2,489
0
0
0
2,496
0
0
0
0
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,271
758
4,985
1,492
8,593
898
4,213
994
3,965
757
4,064
997
4,357
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
349
46
340
117
255
256
0
518
49
520
346
100
199
0
0
0
0
0
23
0
0
0
0
50
0
0
2
0
0
0
0
0
0
0
0
1
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
RISI
