PAPER PRICE HIKE CUT 50%

By: Jim Rosenberg

Newsprint Suppliers Roll Back Increases


Only days before North American newspaper publishers were to
gather in Toronto for their annual convention, their biggest
newsprint suppliers rolled back the recent price rise.

As of Tuesday, Abitibi-Consolidated Inc. in Montreal and Bowater
Inc. in Greenville, S.C., will cut by half last month’s $50-a-ton
increase. A customer of the market’s No. 3 producer said that
privately held Kruger Pulp & Paper Sales Inc. in New York made
the same $25-a-ton adjustment – but made it retroactive to
March 1.

“We don’t think it will make any difference,” said Andrew
Battista, senior analyst at Resource Information Systems Inc., a
forest-products forecaster in Bedford, Mass.

Battista explained that transaction prices in March rose an
average of only $25 a ton, anyway. But the new pricing, he added,
may be meaningful to smaller buyers that until now have paid the
full $50-a-ton increase.



Jim Rosenberg (tech@editorandpublisher.com) is a senior editor covering newspaper technology
for E&P.



Copyright 2001, Editor & Publisher.

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