Global Market Pulp a Mixed Bag
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November pulp shipments from the PPPC show continued weakness in the industrial nations, Wilde reports, adding that this was offset by strong Chinese shipments. "Trade contacts suggest the uptick was partly driven by opportunistic Chinese purchases as well as delayed shipments from prior periods. We think November figures don't do much to support current attempts by Fibria, Arauco, and Stora Enso to boost pulp prices. We remain cautious. December North American NBSK was down $30/metric ton m/m to $890/metric ton," Wilde explains.
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