Moorim USA Announces Price Increase on C1S Label Products

Solenis, a leading global producer of specialty chemicals, will increase prices by 5 to 20 percent on all sizing product lines across the EMEA and Asia Pacific regions, effective immediately or as customer contracts allow. The price increase is necessary due to inflation and availability of raw materials used in manufacturing our sizing product line, elevated freight and energy costs and regulatory compliance requirements. “We are unable to absorb the impact of the increased costs that we are currently experiencing but we will continue to work in partnership with our customers to help mitigate the increases,” said Jose Santolaya, director, EMEA marketing and product management. “Solenis remains committed to controlling costs through process improvements to deliver high-value, innovative solutions that our customers have come to expect.”

Verso Corporation and Sappi North America praised the decision of a World Trade Organization (WTO) dispute settlement panel, which upheld the imposition of antidumping and countervailing duties on imports from Indonesia. The decision, released yesterday, confirms that the U.S. acted consistently with its WTO obligations when it imposed countervailing duties of 17.93 percent and antidumping duties of 20.13 percent. Yesterday's decision means that countervailing duties that were imposed in November 2010 on certain types of coated paper from Indonesia will remain in effect. The Department of Commerce and the International Trade Commission determined in 2016 that the market situation warranted the continuation of the duties for an additional 5-year period. The paper products covered by the petitions include certain types of coated paper that use sheet-fed presses with a GE brightness rating of 80 or higher and weighing up to 340 grams per square meter. The papers are used in commercial printing to create magazines, books, direct mailing, and corporate collateral. Click Read More below for additional information.

Total European shipments of graphic papers in October 2022 were down 19.2% vs. October 2021 and were down 11.4% year-to-date. Total European shipments of newsprint in October 2022 were down 11.1% vs. October 2021 and were down 7.5% year-to-date. Total European shipments of sc-magazine in October 2022 were down 26.6% vs. October 2021 and were down 15.7% year-to-date. Total European shipments of coated mechanical reels in October 2022 were down 25.3% vs. October 2021 and were down 20.1% year-to-date. Total European shipments of uncoated mechanical (improved & others) in October 2022 were down 18.0% vs. October 2021 and were down 14.0% year-to-date. Total European shipments of coated woodfree in October 2022 were down 26.5% vs. October 2021 and were down 5.0% year-to-date. Total European shipments of uncoated woodfree in October 2022 were down 13.1% vs. October 2021 and were down 10.5% year-to-date.