Declining NBSK Market Trend in Europe Expected to Continue in July
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The downward trend in the bleached softwood pulp market appears to be continuing this month, according to EUWID, Germany. Following price reductions for NBSK (northern bleached softwood kraft) pulp in June, due to ample supply and weakening demand, European pulp converters are now calling for additional discounts, EUWID notes.
Pointing out that only "a few" of its sources believe that price levels for NBSK quoted in June can be maintained in July, EUWID says that in Italy there have already been transactions at cheaper prices than in June. The pressure there, as usual in times of a buyer's market, was particularly distinct and low-priced offers were readily available as the spot market was growing.
Market observers, EUWID adds, are expecting to see massive market-related stoppages in the paper industry in July and August, such as those already experienced or announced in the woodfree coated paper sector. "It is being assumed that this will increase the surplus supply that already exists in softwood pulp," it says.
Manufacturers of printing and writing paper, EUWID explains, are arguing that their own situation is poor. The start of summer is said to be looking slacker than ever before and even small orders are being accepted at bottom prices to ensure adequate volumes.
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