Industry Reports

Deutsche Bank Reports Summaries

080528 Deutsche Bank Report - Boise UFS Price Hike

Deutsche Bank - Equity Research

Domtar {Ticker: UFS, Closing Price: USD 6.09, Target Price: USD 10.00, Recommendation: Buy}.

Uncoated free sheet producers are beginning to announce price hikes.

Boise (#3 producer) has announced $60/ton on all uncoated free sheet grades, effective June 9th. Reliable trade sources suggest that Domtar, the #1 producer, is likely to be announcing increases over the next day or two. We do not know the exact timing on the pending Domtar news, but we suspect that they will increase prices roughly $60/ton. At this point, we have no news from either International Paper (#2) or Georgia-Pacific (#4).