German negotiations still under way in August on a few major H2 newsprint contracts, with sharply lower prices for standard 45g newsprint; full-year contracts not affected by the cuts of up to €20/tonne in half-year agreements
Sandy Yang
LOS ANGELES
,
August 15, 2012
(Industry Intelligence Inc.)
–
Not all of the newsprint contracts for second-half 2012 have been settled in Germany, with negotiations on some of the major deals still under way in August and progressing slowly due to the holidays, reported EUWID-Paper on Aug. 15.
Slow orders have led producers to take more downtime, and more newsprint is being exported to offset the drop in European demand. Favorable exchange rates are making the dollar zone more attractive for exports, according to EUWID sources.
On the German market, some major deals with sharply lower prices for standard 45-gram newsprint are still in discussions for the year’s second half. However, the price cuts of up to €20 (US$25) per tonne have not affected full-year contracts, which remain unchanged, EUWID-Paper reported.
The primary source of this article is EUWID-Paper, Gernsbach, Germany, on Aug. 15, 2012.
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