NBSK Prices Declining in Europe, U.S.
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Sluggish demand for printing and writing paper and a slow pace of general economic activity in Europe and the U.S. are increasing the likelihood of pressure being exerted on pulp prices on the European market, according to EUWID, Germany. Only in the rarest cases, with specialty paper producers, for instance, were softwood pulp manufacturers able to maintain their list price in May. Prices were down by an average of $10/metric ton in May, and market players are expecting to see another reduction, EUWID notes.
"Although the market for hardwood pulp is still looking firmer, the headwind could become stronger here as well. Several buyers said they did not always accept the full extent of the May price increase for eucalyptus pulp. The spot market is also looking quiet at the moment. Converters believe they have a better chance to achieve a price reduction in June. European port stocks are expected to rise, which will enable pressure to be exerted on suppliers," EUWID reports.
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