NewPage Drops January Paper Price Hike

NewPage Corp. has dropped a $20-$50/ton January price hike that it previously announced for a range of coated and uncoated paper products at the end of November, according to RISI. “When no other paper manufacturer joined NewPage in the increase, it was destined to fail,” a source tells FOLIO. “This bears out that the current paper market is experiencing softness.”

In the October issue of Folio: Magazine, Dan Walsh, vice president of publication papers for Bradner Smith & Co., predicted paper prices falling in the first part of 2011, but rebounding in the second half.