Newsprint shipments to Asia jumped 60%
July 8, 2003 By Pulp & Paper Canada
North American newsprint mills operated at 91% of their capacity in May and produced half a percent less newsprint…
North American newsprint mills operated at 91% of their capacity in May and produced half a percent less newsprint than the same month last year.
Shipments to Asia, excluding Japan, jumped by nearly 60% and deliveries to Latin America increased 8.9%.
The Pulp and Paper Products Council says total shipments declined 3.4% year-over-year, mostly due to a 3.8% contraction in U.S. demand. Sales to offshore markets were up by 4.5%.
At the end of May, North American mill stocks remained largely unchanged, increasing by only 6,000 tonnes month-over-month to 400,000 tonnes.
Total U.S. newsprint consumption in May was up by 0.6% over the same month last year, bringing the year-to-year increase to 1.1%. The U.S. dailies consumption showed flat growth in May, up only 0.1%. Stocks at dailies came down 11,000 tonnes from their April level and at 850,000 tonnes represented 39 days of supply.
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