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Mercer International Inc. (MERC) Message Board

  • tattooaj tattooaj Feb 19, 2013 2:49 PM Flag

    Q4 Earnings

    I'm no expert in MERC, but the Q4 earnings looked about as expected. NBSK pricing slightly softer and demand a little down. Mercer seems very well positioned for whenever NBSK pricing firms up and makes the bottom for this cycle down. In the commodity world, the solution for low prices is low prices! (i.e. low prices cause suppliers to shut down/cut supply, and eventually supply is far less than demand and prices go up.) Hopefully that turn comes this year, as President/Chairman Lee predicts:

    Mr. Lee concluded: "Although pulp prices currently remain weak, we believe supply and demand to be balanced and the market should emerge from the current pricing environment in 2013. We believe the announced huge expansion of tissue production capacity in China of over 2.3 million ADMTs by 2015, along with the indefinite curtailment of approximately 320,000 ADMTs of pulp production by two Canadian mills, will further support price improvement. Looking ahead, we are starting to see NBSK prices beginning to firm up and expect that a modest price recovery will continue into 2013.

 
MERC
10.26+0.09(+0.88%)Sep 19 4:15 PMEDT

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