International Paper (IP) is implementing a Real 80/tonne ($35/tonne) price increase for uncoated woodfree cutsize paper in the Brazilian market. According to the company, the price hike started to be implemented in July and is expected to be completed by the end of August.
The
price adjustment has the objective of restoring profit margins as costs have
increased significantly, IP said. The company implemented a Real 120/tonne hike
on cutsize paper in the first quarter.
Market
contacts told RISI that other suppliers are also adjusting prices for cutsize
in Brazil. One printer also said he got a 5% adjustment in July.
