This is based on significant capacity reductions of over 1 million tonnes which, for Norske Skog, could arrest some of its slide in profitability, most of which is attributed to lower prices.
Newsprint prices set to increase as demand slows – Pulp & Paper Edge report
Global newsprint prices look set to increase as international demand for the medium declines, according to a report in the latest issue of industry bible, Pulp & Paper Edge.
The report, published this month by one of the leading providers of market analysis on the pulp and paper industry in Australasia, IndustryEdge, says that the decline of global appetite and demand for newsprint diminishes looks set to improve newsprint prices around the world.
According to the report, the latest figures from the United States indicates that for March 2013 – compared with the same period in 2012 – demand for newsprint was down by 12.1 per cent, with newspaper driven demand down by 11.7 per cent and from commercial printers, down by 14.8 per cent.
However, the falling demand could lead to greater value in the medium, with the world’s largest manufacturer of newsprint, Norske Skog, reporting that it expects newsprint price increases in the second half of 2013.