Market Pulp Slide Continues

Market pulp prices continue to weaken, according to Mark Wilde, senior analyst with Deutsche Bank. U.S. NBSK (northern bleached softwood kraft) estimated prices fell $30/metric ton to $920/metric ton in November, he says, adding that real prices appear much lower. Reports suggest that NBSK pricing in China is in the $650 - $680/metric ton range. "At these levels, we think marginal cost producers may be near ‘cash-cost.' Hardwood is even uglier. November estimated list prices were down $40 - $50/metric ton m/m. Reports suggest that BEK (bleached eucalyptus kraft) spot prices are ˜$530 - $550/metric ton," Wilde reports.

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