The dog days. (Paper).
The summer may be coming to an end, but for some paper stock grades, especially old corrugated cor·ru·gate
v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates
To shape into folds or parallel and alternating ridges and grooves.
v.intr. containers (OCC OCC
See: Options Clearing Corporation
See Options Clearing Corporation (OCC). ), the dog days may last a while longer. OCC is giving back some of the gains that it saw during the first half of this year.
Prices had topped the $120 per ton level in a number of regions. Export orders were strong, with prices pushing the available tonnage more toward offshore mills.
However, the market has dipped noticeably over the past several weeks, with China, which had propelled much of the upward trend over the past several months, quieting.
Domestically, despite a flurry of announcements by a number of paperboard producers to hike finished product prices (attributing much of the reason to higher raw material costs--notably OCC), end markets are still not too strong. The economic malaise malaise /mal·aise/ (mal-az´) a vague feeling of discomfort.
A vague feeling of bodily discomfort, as at the beginning of an illness. that has swept the U.S. continues to dampen any recovery.
While OCC has been seeing some price erosion, de-inking grades appear to be holding up fairly well. Prices have leveled off, though there does seem to be a more stable environment for the grade. One key reason is that while OCC prices spiked earlier this year and have been spending the past month coming off those highs, grades such as sorted and manifold manifold
In mathematics, a topological space (see topology) with a family of local coordinate systems related to each other by certain classes of coordinate transformations. Manifolds occur in algebraic geometry, differential equations, and classical dynamics. white ledgers have been increasing more slowly.
With OCC prices slipping, mixed paper is likely to return to its hardluck status. The grade had enjoyed a bit of a renaissance as a substitute for OCC. However, with OCC declining, mixed paper ks becoming less valuable.
The one grade that has shown the least amount of activity through most of this summer is old newspapers (ONP ONP Open Network Provision(ing)
ONP Olympic National Park
ONP Old Newspapers (pulp and paper inustry)
ONP One Nation Party
ONP Operation Na Pali (gaming)
ONP One Night Process ). A sizable amount of downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. has choked off many end markets for the grade. At the same time, South Korea, a key buyer of ONP, has not been taking in as much of the grade, reducing overall interest in the material.
Finally, despite significant downtime, it appears newsprint newsprint
low grade paper used for newspapers. Old newspapers are fed to cattle as an alternative roughage and may occasionally be ingested by dogs. Significant amounts of lead are accumulated in tissues; no cases of poisoning have been recorded in cattle, though it has been markets will continue to languish. Prices for finished newsprint remain weak, with very little optimism in the near term.
U.S. Producer Price Index/Mixed Paper * Index based on 1982 average prices as 100 Paper July 01 172.1 August 172.2 September 174.5 October 174.6 November 174.7 December 175.1 January 02 174.3 February 175.3 March 175.8 April 227.1 May 262.2 June 499.6 July 658.8 Source: U.S. Bureau of Labor Statistics Note: Table made from bar graph.
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