North American Pulp Shipments Decline
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North American June pulp shipments fell 5.5% y/y and 2.9% on a sequential basis, according to Mark Wilde of Deutsche Bank, citing Pulp and Paper Products Council (Montreal, Qué., Canada) data. Hardwood pulp shipments were very weak (down 11.4% y/y), driven by weakness in North America, Eastern Europe, and China.
Softwood shipments were generally flat, with weakness in North America and Western Europe, offset by China, Latin America, and Eastern Europe. Total inventories increased by one day of supply to 34 days (hardwood +4 days), Wilde reports.
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