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Coated Free Sheet Paper From China, Indonesia, and Korea - page 101 / 198

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September 2006 and *** percent of U.S. imports from China, *** percent of U.S. imports from Indonesia, and *** percent of U.S. imports from Korea over the same period. 11

Price Trends

Weighted-average prices of CFS paper reported for U.S. producers and importers are presented in tables V-1 through V-6 and in figures V-2 through V-7 on a quarterly basis during January 2003- September 2006.

The CFS paper market exhibits seasonality, as prices increase in the third, and possibly fourth, quarters in anticipation of increased demand for books and catalogs associated with holiday shopping. 12

In terms of comparing merchant sales prices with direct sales prices, for U.S.-produced products 1 and 3, merchant sales prices were, on average, *** to *** percent higher than direct sales prices. For U.S.-produced product 2, on the other hand, direct sales prices were slightly higher. For products 1 and 2 imported from China and Korea, merchant sales prices were, on average, *** to *** percent lower than direct sales prices.13 There were no reported direct sales of product 3, and there were no reported direct sales on an f.o.b. basis of any product imported from Indonesia.

The weighted-average sales price of U.S.-produced product 1 sold to merchants *** decreased by *** percent from the first quarter of 2003 to the ***; the *** show a slight upturn.14 The weighted- average sales price of U.S.-produced product 1 sold directly to end users decreased by *** over the entire period.15 Most of this decrease occurred from *** during which domestic prices decreased by *** percent, then rebounded, experienced another decrease ***, which was followed by a slight rebound to levels that were still below their 2003 levels. The weighted-average sales price of product 1 imported from China and sold to merchants fluctuated slightly over the period, increasing by *** percent from the first quarter of 2003 to the third quarter of 2006. There were no reported direct sales of product 1 imported from China. The weighted-average sales price of product 1 imported from Indonesia and sold to merchants fluctuated over the period, decreasing by *** percent from the third quarter of 2003 to the third quarter of 2006. There were no reported direct sales on an f.o.b. basis of product 1 imported from Indonesia. The weighted-average sales price of product 1 imported from Korea and sold to merchants increased by *** percent from the first quarter of 2003 to the third quarter of 2006. The weighted- average sales price of product 1 imported from Korea and sold directly to end users increased by *** percent from the second quarter of 2003 to the third quarter of 2006.

The weighted-average sales price of U.S.-produced product 2 sold to merchants increased by *** percent from the first quarter of 2003 to the third quarter of 2006. The weighted-average sales price of U.S.-produced product 2 sold directly to end users increased by *** percent over the same period. The weighted-average sales price of product 2 imported from China and sold to merchants increased by *** percent from the first quarter of 2003 to the third quarter of 2006. There was *** direct sales price of product 2 imported from China reported ***. The weighted-average sales price of product 2 imported from Indonesia and sold to merchants increased by *** percent from the third quarter of 2004 to the third quarter of 2006. There were no reported direct sales on an f.o.b. basis of product 2 imported from

11 Direct sales pricing data alone accounted for *** of U.S. producers’ U.S. shipments and *** percent of U.S. imports from China and *** percent of U.S. imports from Korea. ***.

12

Petitioner’s postconference brief, p. 8.

13 Korean respondents contend that merchant sales prices of imports are lower than direct sales prices of imports because importers must offer merchants a discounted price to offset the additional costs of storing large inventories of imports that cannot be shipped just-in-time because of long lead times. Korean respondents’ postconference brief, p. 30.

14

15

This slight upturn in prices may reflect the seasonality of the CFS paper market, as discussed supra. One sales value reported by U.S. producer *** was excluded as it was deemed to be an outlier.

V-5

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