The American Forest & Paper Association (AF&PA) released its April 2022 Printing-Writing Monthly report. According to the report, total printing-writing paper shipments remained essentially flat (+0.3 percent) in April compared to April 2021. Total printing-writing paper inventory levels increased one percent when compared to March 2022. U.S. purchases of uncoated free sheet (UFS) papers in April increased one percent compared to last April while the inventory level increased one percent compared to March 2022. UFS imports increased 12 percent while exports decreased 26 percent in March 2022. Coated free sheet (CFS) paper shipments increased five percent compared to April 2021 while the inventory level increased two percent compared to March 2022. CFS imports increased 16 percent while exports decreased ten percent in March 2022. U.S. purchases of coated mechanical (CM) papers in April decreased 21 percent compared to last April while the inventory level increased six percent compared to March 2022. CM imports and exports both decreased compared to March 2021, down 21 percent and nine percent respectively. Uncoated mechanical (UM) paper shipments increased 15 percent compared to April 2021 while the inventory level increased one percent compared to March 2022. UM imports increased 13 percent while exports remained essentially flat (-0.1 percent) in March 2022.
Canfor Corporation (TSX:CFP) announced today it will curtail operations at its Polar Sawmill located in Bear Lake British Columbia, north of Prince George, following an orderly wind-down. The curtailment is the result of a shortage of economically available fibre in the region and is expected to be in place for a period of approximately six months. The Company will continue to evaluate market conditions and fibre availability in the region and adjust operations accordingly.