Among the key regions, shipments to China are up 13.8% YTD. North America (-0.2% YTD) and Western Europe (-1.3% YTD) were both sluggish, Wilde says. The YTD operating rate for market pulp is at 92% (2011 = 90%), he adds. Current softwood inventories remain well below average at 25 days of supply. Hardwood is on the higher side of its historical average at 37 days of supply.
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