Market Pulp Rallying
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The pulp market is rallying with a flurry of price hike announcements on softwood and hardwood grades, according to Mark Wilde of Deutsche Bank. In softwood, most producers announced a $20/metric ton price hike on U.S. NBSK, (northern bleached softwood kraft), effective October 1 (list price = $850/metric ton). NBSK prices are also rebounding in China as well as Europe.
In hardwood, producers have announced a $30/metric ton price hike in key regions, Wilde reports. While prices may continue to rally in the near term, pending capacity additions loom over the market, he adds.
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