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No Matter How Much Newsprint Capacity The Producers Have Withdrawn The Price Still Goes Down – Now Below $450 A Tonne!
Philip M. Stone September 3, 2009 Follow on Twitter
North American Newsprint producers already hit with a 30% drop in demand this year and European newsprint producers seeing a 16% decline believe they may just have withheld enough capacity to finally hold prices steady for the rest of the year and even see them edge up a bit. But the North American marketplace tells a different story with the price continuing to fall and it now stands at the yearly low of $445.89, according to FOEX Indexes.
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