the visible hand

it is the theory which decides what can be observed – einstein

Chinese Pulp Market Rises, So Will Prices Elsewhere

Posted by ecoshift on September 6, 2007

Thanks to “gulo gordo” for drawing these developments in the pulp market (see comments) to my attention… S/he asks a good question:

“Is that good for sustainable foresty? And what impact are these trends having on PL’s bankruptcy?

Inquiring minds, not to mention ravenous mustelids, want to know.”

Any takers?

As the Chinese Pulp Market Rises, So Will Prices Elsewhere This Fall
Pulp and Paper Network / 3G Publishing
8/11/2006 10:11:36 AM

The Chinese spot pulp market, which has been a reliable indicator of the future direction of pulp prices in western markets, provides no sign of any slowdown ahead despite the fact that prices there have been on a steady climb since the beginning of the year.

Following rapid acceptance of $20/tonne hikes in July by Chinese buyers of North American, Chilean, and Russian softwood, Arauco announced a $20 increase for its radiata pine pulp for August, putting its price at $640/tonne. That was followed by $20 moves from Canadian producers Catalyst Paper, Weyerhaeuser, Canfor and Pope & Talbot to put the August price for NBSK in China at $660/tonne.

There were no announcements in North America or Europe for August by any pulp producer. In July, however, NBSK reached the list price of $750/tonne in the US, which is the highest it’s been since early in 1996. And in Europe, the transaction price for NBSK hit a six-year high of $705/tonne.


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