Forestweb Publishing Papers Index drops in March
LOS ANGELES, March 14, 2007 (press release) – The Forestweb North American Publishing Papers Index dropped again in March, as pricing conditions eased further for newsprint and coated and uncoated mechanical papers. The decline was the eighth in succession, dropping the index to early 2005 levels.
The index for March was off 0.26% to 98.37 and down 3.93% from the end of December. Averaged index prices are down 5.69% from March 2006.
The March decline for publication paper grades reflected lower month-to-month prices for newsprint while those for coated and uncoated mechanical grades, as well as freesheet papers, were steady after earlier declines.
The Publishing Papers Index is a component of the Forestweb North American Printing & Writing Index which fell 0.14% month-to-month in March. That composite index moved down 0.25% year-to-year and is off 2.41% through March.
Forestweb's price indices are Laspeyres indices that represent a statistical measure of a weighted average of printing and writing paper, pulp and paperboard prices and which summarize the relative changes in price levels over time using an arbitrarily chosen base period. All Forestweb indices use the base year 2000 except for pulp, which uses 2001 as the base year.