North American newsprint mill inventories for April decreased 174,000 tonnes (53.8%) from the prior year’s level, to 497,000 tonnes. All User inventories, meanwhile, decreased by 91,000 tonnes (9.8%) …
North American newsprint mill inventories for April decreased 174,000 tonnes (53.8%) from the prior year’s level, to 497,000 tonnes. All User inventories, meanwhile, decreased by 91,000 tonnes (9.8%) y/y to 837,000 tonnes (with All Dailies inventories down 82,000 tonnes). In summary, total North American inventories increased by 83,000 tonnes (6.6%) y/y to 1.33 million tonnes at the end of April. On a m/m basis, total inventories were down 4,000 tonnes (0.3%), as publishers reduced their inventories in line with their declining consumption. The m/m inventory decrease was smaller than the five-year average April inventory increase of 2.2%, and we note that shipments in April only totaled 97% of North American production (down from 102% in March). Looking at inventories in terms of days’ supply, all U.S. Users reported 39 days for April, which is flat y/y and flat m/m. U.S. Dailies inventory supplies at 43 days were down one day m/m, and unchanged from April of last year.
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