Papermakers are being forced to moderate price demands for newsprint in central Europe this year as weakening demand fuels resistance from publishers, according to an official at Axel Springer AG, Europe’s largest producer of newspapers.
“Price demands have become more moderate,” Herbert Woodtli, head of corporate purchasing at the Berlin-based publisher of Die Welt and Bild, said in an interview yesterday.
Talks in Germany are now focused on increases of about 6 to 8 percent, and suppliers may end up agreeing to 6 to 7 percent, Woodtli said. Norske Skogindustrier ASA on Oct. 17 proposed at least 15 percent price rises for most of Europe. The region’s largest newsprint maker is delivering “basically” what it set out to, spokesman Tom Bratlie said in a Jan. 22 interview. He declined to be specific.
UPM-Kymmene Oyj, Stora Enso Oyj and other paper companies have shut newsprint lines to tackle an oversupply and regain pricing power. They have met resistance from publishers reeling from the financial crisis and cutbacks in advertising budgets. Norske Skog is still negotiating some contracts and preparing for “somewhat lower” production in 2009, Bratlie said.
“Both producers and consumers are unclear about price developments because consumption is weakening as a result of the economic crisis,” Springer’s Woodtli said. “It will take another four weeks” to conclude talks, Springer’s Woodtli said in the phone interview. “We should not do it too early.”
Svenska Cellulosa
Norske Skog, which closed more than 260,000 tons or 13 percent of permanent capacity in 2008, last year proposed euro- dominated price increases equivalent to more than 20 percent in the U.K., which constitutes a separate market. Higher newsprint charges and declining ad revenue prompted Daily Mail and General Trust Plc, publisher of the Daily Mail, to cut costs by about 100 million pounds ($141 million), the U.K. company said in a Nov. 20 statement.
Svenska Cellulosa AB, the Swedish tissue maker that also sells paper and packaging, has achieved 15 percent price increases in the newsprint contracts it has settled so far, Chief Executive Jan Johansson said on a conference call with analysts yesterday. The figure includes the U.K. where price increases of 20 percent have been achieved, he said.
Norske Skog, Stora, UPM, and Swedish newsprint maker Holmen AB are all scheduled to report earnings on Feb. 4, and they may give comments about the general pricing environment.
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“Price demands have become more moderate,” Herbert Woodtli, head of corporate purchasing at the Berlin-based publisher of Die Welt and Bild, said in an interview yesterday.
Talks in Germany are now focused on increases of about 6 to 8 percent, and suppliers may end up agreeing to 6 to 7 percent, Woodtli said. Norske Skogindustrier ASA on Oct. 17 proposed at least 15 percent price rises for most of Europe. The region’s largest newsprint maker is delivering “basically” what it set out to, spokesman Tom Bratlie said in a Jan. 22 interview. He declined to be specific.
UPM-Kymmene Oyj, Stora Enso Oyj and other paper companies have shut newsprint lines to tackle an oversupply and regain pricing power. They have met resistance from publishers reeling from the financial crisis and cutbacks in advertising budgets. Norske Skog is still negotiating some contracts and preparing for “somewhat lower” production in 2009, Bratlie said.
“Both producers and consumers are unclear about price developments because consumption is weakening as a result of the economic crisis,” Springer’s Woodtli said. “It will take another four weeks” to conclude talks, Springer’s Woodtli said in the phone interview. “We should not do it too early.”
Svenska Cellulosa
Norske Skog, which closed more than 260,000 tons or 13 percent of permanent capacity in 2008, last year proposed euro- dominated price increases equivalent to more than 20 percent in the U.K., which constitutes a separate market. Higher newsprint charges and declining ad revenue prompted Daily Mail and General Trust Plc, publisher of the Daily Mail, to cut costs by about 100 million pounds ($141 million), the U.K. company said in a Nov. 20 statement.
Svenska Cellulosa AB, the Swedish tissue maker that also sells paper and packaging, has achieved 15 percent price increases in the newsprint contracts it has settled so far, Chief Executive Jan Johansson said on a conference call with analysts yesterday. The figure includes the U.K. where price increases of 20 percent have been achieved, he said.
Norske Skog, Stora, UPM, and Swedish newsprint maker Holmen AB are all scheduled to report earnings on Feb. 4, and they may give comments about the general pricing environment.
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For those who did not trade in the forex market before can get accustomed to following a market, and open themselves to a whole new way to invest, and it also gives them the chance to understand how the trading platform works.
For Regular Traders
For those who are familliar with trading in forex market, a practice account can help them to get use to the particular characteristics of the Forex market or our trading platform.
For Experienced and Professional Traders
A practice account can even help experienced and professional traders as they can test and practice their trading strategies without risking capital.
Generally the Demo Account has the same capabilities of the real account, the only difference between them is that the real account is with real money and the practice account is with virtual money.
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Sigma Account allow you to open Micro, Mini and Standard lot through only one account and trade in Forex Market
In order to register for a practice account, please Download Sigma Forex Platform and open new account as illustrated below and you will have unlimited access to our Platform for the next 30-days.
If you have any problem regarding Sigma Practice Account you can see User Guides or click on the Live Chat button on the right menu and our customer support staff will help you through the process.
