Stormy Forecast for Paper Buyers

We’ve all but lost this safety valve against supply/demand tension now that the exchange rate is so poor. A Finnish mill would very much prefer to sell paper to Germans, in euros, than to Americans.

Then again, what’s a “Finnish mill” these days? The paper industry is consolidating into international entities. But that doesn’t provide any relief under our current conditions. In fact, the consolidation is not merely a compression of sources, but a new style of ownership.